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Market Analysis

  • RS2 confirms strong business pipeline

    RS2 confirms strong business pipeline

    Following the publication of the 2013 annual financial statements on April 22, RS2 Software plc convened a stockbrokers meeting a week later to delve deeper into the financial results and to update financial analysts on their strategy and future...

  • Stocks flat after Putin comments; gold falls

    Stock markets around the world were mostly flat yesterday as investors digested comments from Russian President Vladimir Putin that indicated a possible easing to geopolitical concerns over Ukraine that have recently weighed on investors. Gold,...

  • Shipping movements

    The following ships are expected in Malta: The Violet from Southampton to Thessaloniki, the CMA CGM Nevada from Le Havre to Jeddah, the OS Bodrum from Algiers to Bizerte (all Carmelo Caruana Co Ltd) and the Maersk Savannah from Port Said to Genoa...

  • EBA stress test – an overview

    European banking stress tests have an unfortunate history of being neither particularly stressful, nor particularly effective. A case in point is the stress test carried out in July 2011. The test was carried out by reference to what was defined...

  • Draghi’s resolve in talking down the euro

    Mid last week US GDP advance Y/Y was close to flat, barely rising from the previous 2.6 per cent reading. Comments from the Fed that same day in the evening, however, provided some reassurance after this quasi-flat reading. The FOMC communication...

  • BOV’s return on equity drops

    BOV’s return on equity drops

    The semi-annual publication of the financial statements of Malta’s two largest banks is always a defining moment for the local equity market. The widespread debate which escalated in recent weeks on the rates of interest being charged by local...

  • Stocks rise on US growth prospects

    Global equity markets edged higher yesterday as investors looked beyond weak US economic growth data for the first quarter to focus on brighter prospects for the economy, while oil prices fell on record-high US inventories. Wall Street initially...

  • Shipping movements

    The following ships are expected in Malta: The Karina from Tunis to Bejaia, the Oued Ziz from Skikda to Skikda, the Sena Kalkavan from Civitavecchia to Casablanca (all Carmelo Caruana Co. Ltd) today. The Devon Strait from Bejaia to El Khoms, the...

  • The joys of being a banker

    The joys of being a banker

    The time when local banks were being hailed for being an important, strong pillar for the Maltese economy – rather than a ball and chain around the ankle of growth – seems a distant memory. The local banks are today essentially being accused of...

  • Against all odds: the euro holds on tight

    Undoubtedly, the ongoing events in Ukraine continued to dampen risk appetite throughout this last week. As the current week started, a previous negative US close, and a cautious start for Asian equities implied a certain degree of investor concern...

  • Succession planning

    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

    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

    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’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?

    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...

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