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Market Analysis

  • Has the oil price bottomed?

    Has the oil price bottomed?

    Many investors are questioning whether last Friday’s rally in the oil price is a turning point in the price of the commodity. On Friday, Brent (the international crude benchmark) posted the biggest one day gain since 2009. Brent rose almost eight...

  • January was positive, are anti-EU parties gaining ground?

    January was positive, are anti-EU parties gaining ground?

    2015 started on a strong foothold for fixed income markets as both investment grade and high yield, particularly investment grade, had a remarkable performance as expectations that a fresh wave of Quantitative Easing spurred demand for this asset...

  • Data rich day ahead

    Data rich day ahead

    Yesterday we had some swings in European equity markets which took cue from the US and then having to contend with the negative reading for the German inflation. The preliminary data for January showed a 0.5 per cent annual decline in prices in...

  • Implementation of Quantitative Easing in Malta

    Implementation of Quantitative Easing in Malta

    The feel good factor surrounding Quantitative Easing (QE) has been dampened this week as the political situation in Greece grabbed center stage. However, assuming that the euro will still be in existence till the end of 2016, QE offers a once in a...

  • The impact of the ECB’s QE on Maltese investors

    The impact of the ECB’s QE on Maltese investors

    Global markets had been speculating for several months about the timing, structure and size of the bond buying programme to be launched by the European Central Bank and as expected the ECB announced the launch of its quantitative easing (QE)...

  • Dollar and US stocks inch higher before Fed

    The dollar edged up against the euro yesterday as investor focus turned toward the Federal Reserve, which delivers a post-meeting statement later in the day, while US stocks climbed after strong earnings from Apple. Worries that Greece's new...

  • Shipping movements

    The following ships are expected in Malta: The Lesotho from Tanjung Pelepas to Valencia, the Maersk Sofia from Port Said to Genoa (both Thomas Smith Shipping Ltd), the Satie from Aliaga to Tanger Med (Carmelo Caruana Co. Ltd) and the MV Eurocargo...

  • Earnings and Federal Reserve become the key market drivers

    Yesterday’s mix of disappointing economic data and corporate earnings underpinned a risk off trading session which concluded with the European equities about 1.22% lower and the US market down by 1.34%.  Early during the day, it was the below...

  • It's all Greek

    Now that the markets are slowly (or rather quite fast by the way credit and government bond yields have moved) digesting last Thursday’s news that the European Central Bank will be injecting up to €60 billion of monthly asset purchases,...

  • The effect of quantitative easing on equities

    The effect of quantitative easing on equities

    Now that Mario Draghi announced quantitative easing (QE), investors want to know two things; the first being whether there is still upside in equity prices from these levels after the strong rebound and the second being what equities they should...

  • US earnings season overshadowed by historic ECB QE announcement

    US earnings season overshadowed by historic ECB QE announcement

    Yesterday it was all about the ECB’s much anticipated monetary policy meeting, whereby ECB President Mario Draghi delivered a jaw-dropping €60 billion monthly asset purchase programme, scheduled to start in March and targeting to end in September...

  • Inequality, wealth and shares

    Inequality, wealth and shares

    During his State of the Union address, President Obama focused on the widening gap between the ultra-wealthy and the rest. Beyond the politics, the fact that the top one percent possesses nearly 50 per cent of the world’s wealth is cause for...

  • Quantitive easing and the European Equity Market

    Quantitive easing and the European Equity Market

    Predictions of a Quantitive Easing programme by the European Central Bank will probably materialise tomorrow. Many will question what the fuss is all about, however, for market participants QE is akin to antibiotics for a sick person. In this...

  • Eurozone takes centre stage as markets await QE announcement

    Eurozone takes centre stage as markets await QE announcement

    Last week was an eventful one for the markets to say the least. Quite a handful of events to digest; from key central bank decisions; to earnings season kicking in, to mixed incoming economic data and political developments taking place, not to...

  • How to benefit from commodities in 2015

    Probably every investor knows that the worst performing commodity in 2014 was Brent which lost 48.08% of its value. However, what many investors do not know is that the best performing commodity last year was coffee which returned 37.74%. The...

  • Why is the price of oil falling?

    This week the price of West Texas Intermediate (better known as WTI) fell below $45 bbl. Has the price of oil reached the bottom? In this short article, I will attempt to answer this and other questions related to the price of oil mainly from an...

  • An exceptional year for Malta Government Stocks

    An exceptional year for Malta Government Stocks

    After analysing the 2014 performance of the equity market in last week’s column, it is also worth looking into the developments across the bond market. The Rizzo Farrugia MGS Index, which tracks movements in the bid prices of the Central Bank of...

  • Stocks fall on world growth concerns, as copper plunges

    Securities around the world fell yesterday after the World Bank cut its economic growth forecasts for 2015 and 2016, with stocks lower across regions and copper suffering its biggest one-day drop in more than three years. The outlook fueled fears...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Quartz from Damietta to Genoa (Carmelo Caruana Co. Ltd), the MV Euroferry Malta from Salerno to Salerno and the MV Eurocargo Malta from Genoa to Genoa (both Sullivan Maritime), today. The...

  • Primary bond market in full swing ahead of QE

    As we highlighted in one of our end of year commentaries for 2014 (please visit the Trader Talk section at www.cc.com.mt for further reference) we indicated that the volatility which characterised the last 6 weeks of 2014 could well be a taste of...

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