Market Analysis
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MIH generates €20.7 million in pre-tax earnings in 2012
Last Monday, Mediterranean Investments Holding plc (the joint venture company between the Corinthia Group and the National Real Estate Company of Kuwait) published its financial statements for 2012. This was immediately followed by a meeting with...
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Shares, oil rise after weak data backs ECB rate cut
Global equity markets and crude oil rose yesterday, drawing support from strong corporate earnings and speculation of a European Central Bank interest rate cut after weak German economic data. Wall Street traded flat to lower after a report said US...
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Shipping movements
These vessels are expected in Malta: The Pagola from Ravenna to Trapani, the Thebeland from Tripoli to Tripoli, and the CMA CGM Almaviva from Port Said to Genoa (Carmelo Caruana Co Ltd), and the Jaguar from Benghazi to Benghazi and the Margrethe...
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Does Slovenia need a bailout?
Since the Cyprus bailout last month, rumours have abounded in the financial markets that Slovenia would be the next patient requiring EU/IMF medicine. As part of its regular consultations, last month the IMF conducted a staff visit in Slovenia. The...
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Currencies likely to reflect a weaker growth picture
Throughout the current week we had a number of high profile data from China, Europe and the US, among others. Last Tuesday, Chinese flash manufacturing PMI for April slipped to 50.5 from a previous 51.6. In the eurozone, the advanced reading for...
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Go plc’s share price rebounds strongly
Go plc’s share price was among the top performers during the first quarter of 2013 with an increase of 34.4 per cent. The equity of the telecoms company has surged from last year’s all-time low, placing the equity as the second best performer over a...
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Shares, oil fall on growth concerns as gold goes up
World equity markets and commodities fell yesterday as global growth concerns continued to take a heavy toll on investor sentiment and disappointing earnings reports weighed on Wall Street stocks. Copper, which is considered a barometer for...
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Shipping movements
These vessels are expected in Malta: The Thebeland from Tripoli to Tunis, the Annamarie from Tunis to Livorno, and the Furth from Varna to Constanta (Carmelo Caruana Co Ltd), and the Parsifal from Port Said to Genoa (Thomas Smith Shipping)...
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Test your knowledge
This week we invite readers to test their knowledge of some topical subjects. We hope you enjoy the light-hearted quiz. 1. What is a nodding donkey? A. A normally intransigent animal which is appreciative of the carrot it has just received. B. A...
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Gold rout overwhelms investors
The price of gold tumbled sharply on Monday, recording its biggest daily drop on record in terms of its price in US dollars. Markets were at a loss over the precise drivers of the sharp fall in commodity prices, but the nine per cent plunge was...
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MSE Share Index rises on surge in volumes
During the first three months of the year, the local equity market measured by the MSE Share Index closed in positive territory for the fourth consecutive quarter. The Index gained 3.45 per cent as the large majority of shares performed positively...
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European shares post huge one-day gains
European shares hit a one-week closing high yesterday and posted their biggest daily rise in three months, after encouraging Chinese economic data and a record high on a leading US equity index. Sectors that generally perform better on signs of...
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Shipping movements
These vessels are expected in Malta: The CMA CGM Centaurus from Le Havre to Khor Fakkan, the Erkan K from Aliaga to Mersin, the Fas Dammam from Bejaia to Bejaia, and the Tyrusland from Benghazi to Benghazi (Carmelo Caruana Co Ltd) and the Margrethe...
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Depositors versus investors
In the investment world, the rule of law starts from the very simple concept of risk and return – no pain, no gain. When investors are making investment decisions, they are trying to assess whether the investment return is commensurate with the...
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US payrolls data dents anticipations
We had a busy end of session last week, where we had the Bank of England and the European Central Bank leave rates unchanged at 0.5 per cent and 0.75 per cent respectively. The BOE made no changes to its asset purchases target while the ECB...
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Public share offering of The Point
Tigné Mall plc, owner and operator of The Point shopping complex, will soon be among the companies listed on the Malta Stock Exchange’s Official List. The share offering’s details were made available on March 25, but the market was informed on...
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Shares slip and oil down two per cent
Major stock markets and the dollar fell yesterday after unexpectedly weak growth in US private-sector jobs and services dented optimism about the world’s largest economy. Crude prices slumped more than two per cent as oil stockpiles swelled in the...
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Shipping movements
These vessels are expected in Malta: The Alkin Kalkavan from Aliaga to Varna, the CMA CGM Titus from Port Said to Genoa, the Karina from Algiers to Algiers, and the CMA CGM Quartz from Damietta to Tilburry (Carmelo Caruana Co Ltd) today. The...
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Cyprus bailout aftermath
The Cyprus crisis and bailout drove European credit, equities, and the euro currency lower. Borrowing costs for other periphery countries such as Italy, Spain and Slovenia rose. Italy had a weaker than expected sovereign bond auction (even though...
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Dollar pauses as economic momentum slows
At the start of a week which is set to be characterised by key Central Bank meetings and the labour market report from the United States, the US dollar took a breather relinquishing some of its recent gains against the euro and the yen. After a...
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