Markets notch new records

U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy. Treasury yields edged lower following the Fed minutes, while stocks mostly edged higher. The Dow Jones Industrial Average rose 104.42 points, or 0.3%, to 34,681.79, the S&P 500 gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite added 1.42 points, or 0.01%, to 14,665.06.

European stocks rose on Wednesday as commodity-linked stocks recovered from sharp falls in the previous session, while lower bond yields kept supporting highly valued technology shares. The pan-European STOXX 600 rose 0.8%, a day after the index snapped a three-day winning streak as worries about the global economy led to a bond market rally that pushed U.S. and euro zone bond yields lower.

Maltese markets also gained with the MSE Equity Total Return Index adding 1.6 percent to 8,122.689 point after an active session seeing turnover in most of the listed stocks. Midi Plc led the gains with shares up 6.5 percent at €0.426, followed by RS2 Software Plc which rose 6.4 percent to €1.83. The MSE Malta Government Stocks Total Return Index added 0.13% to 1,101.648 points while the MSE Corporate Bonds Total Return Index lost 0.24% to 1,117.888 points.

Source: Reuters, Malta Stock Exchange

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