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Market Analysis

  • Tigné Mall announces maiden dividend

    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

    ‘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

    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

    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...

  • Go’s strategy effective as customers increase

    The intensifying competition across the local telecoms industry has been very evident in recent years, with three operators seeking to offer better value to customers to win market share. The quarterly statistics published by the Malta...

  • Shares in Europe continue recovery on positive US data

    European stocks rose yesterday as easing tensions over Ukraine and positive US economic data helped the market extend the recovery rally that started in mid-March. Spanish stocks outperformed the broader market, with lenders Banco Santander and...

  • Shipping movements

    The following ships are expected in Malta: The Merito from Bejaia to Skikda, the BFP Galaxy from Aliaga to Piraeus, the Stadt Schwerin from Iskenderun to Bejaia and the Fas Dammam from Algiers to Algiers (all Carmelo Caruana Co. Ltd) today. The...

  • Enhancing the value of auditor reporting – KPMG

    Following the global financial crisis, users of audited financial statements want more insight into audited entities and their financial statements. Many feel that, although the auditor’s opinion is valuable, the auditor’s report could provide...

  • Will the ‘Yellen Effect’ dent euro’s resilience?

    Will the ‘Yellen Effect’ dent euro’s resilience?

    Last week the EUR/USD’s seemingly-unstoppable six-week advance was interrupted by what the markets have dubbed as the ‘Yellen Effect’. After its six-week rally, that gave the euro over 3 per cent of gains when seen against the US dollar, last week...

  • Malita Investments meets dividend expectations

    Malita Investments meets dividend expectations

    The financial reporting season is now in full swing. Various companies with a December year-end have already published their annual financial statements and many others will follow in the coming weeks until the deadline of April 30. One of the...

  • Euro shares steady, Italian stocks down

    European shares held steady yesterday, although Italian stocks slipped in strong volumes as Prime Minister Matteo Renzi said the European Union’s budget deficit limit of three per cent of economic output was outdated. Shares in UK insurers also...

  • Shipping movements

    The following ships are expected in Malta: The Eemsdijk from Algiers to Misurata, the CMA CGM Almaviva from Port Said to Genoa, the CMA CGM Effingham from Genoa to Port Said and the Saint Roch from Benghazi to Benghazi (all Carmelo Caruana co Ltd)...

  • Can gold rally continue?

    Can gold rally continue?

    The year so far has seen the price of gold curb some of the losses of 2013. Gold at $1371.52/ounce has rallied by 14 per cent year to date (price as at March 17), versus last year’s loss of circa 28 per cent. The drivers? Most prominently, tension...

  • Concerns over China, Crimea keep safe haven currencies bid

    Safe haven currencies enjoyed solid demand over the past week as the standoff over the Crimea region remained in focus. Concerns over China’s slowing economy are also one of the major focal points of the year so far, with surging debts in the...

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