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Market Analysis

  • Succession planning

    KPMG recently organised aconference on Tapping The Local Capital Market with the aim of explaining the benefits of taking a company to a stock exchange listing, the process involved and the regulatory obligations that a public listing entails. One...

  • Share rally peters out on data, dollar slips

    The dollar fell and global equity markets edged lower yesterday in response to disappointing US housing data and weak corporate earnings that reversed market momentum after five days of gains. In Europe, rising worries over Ukraine also weighed,...

  • Shipping movements

    The following ships are expected in Malta. The Karina from Tunis to Bejaia, the Nicola from Annaba to Algiers, the Taurus J from Bejaia to Annaba (all Carmelo Caruana Co. Ltd) and the Parsifal from Port Tangier to Port Said (Thomas Smith Shipping...

  • QE expectations gathering momentum

    Over recent weeks, European fixed income markets have been performing relatively well on balance. Issues including geopolitical risks, shifting expectations on US yields and concern on growth in emerging markets have not had any major impact. The...

  • Concerns on China, Ukraine keep sentiment muted

    Increasing concerns over liquidity and earnings in China have put the brakes on equity markets in the region. The Nikkei and Shanghai indices began the week under pressure and fell almost one per cent each by Tuesday, despite Wall Street shares...

  • Medserv’s optimism amid significant contract wins

    Medserv plc has been in the news regularly in recent months. The company issued various company announcements confirming that it won three significant contracts with international oil companies; it published its 2013 annual financial statements;...

  • Europe shares bounce, Chinese data reassures

    European shares rose yesterday, reversing the previous session’s slide after economic growth data from China came in a touch above forecasts. At the close, the pan-European FTSEurofirst 300 index was up 1.2 per cent at 1,322.51 points, in a...

  • Shipping movements

    The following ships are expected in Malta: The El Toro from Gioia Tauro to El Khoms, the Conwest from Sfax to Algiers, the Saint Roch from Benghazi to Benghazi (all Carmelo Caruana Co Ltd), the Jaguar from Benghazi to Benghazi and the Butterfly...

  • A new reserve currency?

    Many interested in the financial sector are watching intently as financial muscle seems to be passing from the West to the East with the resurg-ence of China. Indeed it is a matter of the sun rising in the East and hoping it will not set on the...

  • Draghi talks easing; Ukraine tensions escalate

    The week started with some agitation on financial markets, with several currency pairs opening with large gaps from last week’s close. European Central Bank President Mario Draghi revived talk of more stimulus to help stem the rise of the single...

  • Tigné Mall announces maiden dividend

    Tigné Mall plc, the owner and operator of The Point shopping mall, published its 2013 annual financial statements earlier this week. The company’s shares were listed on the Malta Stock Exchange in May 2013 following a combined offering which saw...

  • Alcoa results positive, dollar gains on hope

    US and European equity markets rose yesterday after Alcoa’s better-than-expected results boosted investor sentiment on first-quarter corporate earnings, while the dollar gained on hopes for higher US economic growth after a bitter winter. Alcoa’s...

  • Shipping movements

    The following ships are expected in Malta: The Eemsdijk from Skikda to Algiers, the Kasif Kalkavan to Ancona, the Hansa Narvik from Alexandria to Mersin, the Devon Strait from Bejaia to Djen Djen, the Nicola from Tunis to Annaba (all Carmelo...

  • ‘We stand ready to act!’ – Draghi

    He is at it again! Last week Mario Draghi confirmed that the ECB’s Governing Council was “unanimous in its commitment to using unconventional instruments within its mandate to cope effectively with risks of a too prolonged period of low inflation”.

  • ECB no change, but Draghi talks down euro strength

    Much of investor focus last week was on the ECB policy rate decision and the subsequent communication delivered on Thursday, and the US payrolls data issued on Friday. As can be expected ahead of such events, a lot of speculation was building...

  • MSE shares in negative Q1

    Following the strong performance registered by local equities in 2013 (the MSE Share Index rallied by 14.8 per cent), the index started off the New Year with mild gains before registering two successive negative months. As such, during the first...

  • Shares hold recent gains, gold jumps

    A global stock index edged up to a six-year high yesterday, supported by encouraging US economic data as traders focused on today’s meeting of the European Central Bank and tomorrow’s US jobs numbers, either of which could move markets...

  • Shipping movements

    The following ships are expected in Malta: The DS Accuracy from Ploce to Rijeka, the CMA CGM Opal from Damietta to Tilbury, the CMA CGM Titus from Port Said to Genoa, the Stadt Schwerin from Bejaia to Annaba, the BFP Galaxy from Aliaga to Piraeus...

  • US Treasury v German Bund

    When tapering was announ­ced by the Federal Reserve (Fed) in May last year, one reaction which caught my attention was the strong positive correlation maintained between the 10-year US Treasury and Bund yields (the latter being a representative of...

  • Yellen confirms need for support for US economy

    In contrast to a news conference following her first FOMC meeting as Federal Reserve chairman, Janet Yellen gave what many considered a very dovish speech on Monday, highlighting the slack in the American economy. At a speech in Chicago she said...

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