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Market Analysis

  • MIA final dividend up 12.5%

    MIA final dividend up 12.5%

    Malta International Airport plc published its 2013 annual financial statements on March 5. The airport operator registered yet another record financial performance reflecting the record passenger numbers during the year. A total of 4.03 million...

  • British economy set to be fastest growing among G7

    Britain’s economy will grow faster than any other G7 nation in coming quarters, but the Bank of England will not raise interest rates until next year to avoid choking off the recovery, a Reuters poll showed yesterday. The poll of over 50...

  • Concern over China slowdown hits stocks

    Global stock indexes declined for a fourth day and copper dipped to near four-year lows before rebounding yesterday as increasing concern about China’s economic slowdown unnerved investors. The concerns over China also pressured the Chilean peso...

  • Shipping movements

    The following ships are expected in Malta: The Maersk Regensburg from Sfax to Misurata (Thomas Smith Shipping Ltd) and the OS Bodrum from Annaba to Tunis (Carmelo Caruana Co. Ltd) today. The Safmarine Bayete from Izmir to Algeciras, the Concordia...

  • A cold chill from the East

    A cold chill from the East

    While the current turmoil in Ukraine is having a sizeable impact on the most directly related financial markets, there has been no general sell-off in risk assets. The country’s sovereign Credit Default Swap (CDS) contract, which measures the cost...

  • US jobs data shows resilience despite bad weather

    Things got busy towards the end of last week. The outcome of the ECB policy meeting on Thursday proved to be a significant trigger, but it was not the only market mover. Much of the pre-ECB speculation was let down as the ECB in the end engaged in...

  • Costa Coffee internationalisation strategy

    Costa Coffee internationalisation strategy

    On February 19, Island Hotels Group Holdings plc announced that The Coffee Company Malta Ltd was recently awarded the Costa Coffee franchise in selected parts of Spain, namely the East Coast, the Balearic Islands and the Canary Islands. The Coffee...

  • Markets stabilise on reduced jitters

    World markets were calm yesterday after two days of wild swings, with the United States and Russia set to hold talks on easing East-West tension in Ukraine. An index of global equity markets clung to modest gains, currency and bond markets...

  • Shipping movements

    The following ships are expected in Malta: The Connorth from Algiers to Annaba, the CMA CGM Lavender from Tanger Med to Thessaloniki, the Eemsdijk from Annaba to El Khoms, the Coneast from Tunis to Tunis, the Violet from Aliaga to Tanger Med, the...

  • Malta government bond priced

    Malta government bond priced

    Last week and earlier this week, the government of Malta tapped the bond market for the first time this year out of a planned four to five issues in 2014. In so doing, the sovereign raised just under €160 million via three different maturities –...

  • Markets jittery on Ukraine tensions

    World shares, commodities and currencies went on a whiplash ride at the start of this week, as rising tensions in Ukraine over the weekend were dampened down abruptly on Tuesday after Russian President Vladimir Putin ordered troops involved in...

  • HSBC Malta dividends decline

    HSBC Malta dividends decline

    On Monday morning, HSBC Bank Malta plc kicked off the reporting season for those companies with a financial year to December 31, 2013. HSBC Bank Malta plc published its annual financial statements just before the start of Monday’s trading session...

  • World stocks dip, but Wall St up as ruble at low point

    World stocks markets edged lower yesterday, stung by growing worries over some emerging markets grew as escalating tensions in the Ukraine sent the Russian ruble to a five-year low, while equities on Wall Street rose. The drop in the ruble came a...

  • Shipping movements

    The following ships are expected in Malta: The OPS Hamburg from Algiers to Annaba, the CMA CGM Jules Verne from Le Havre to Khor Fakkan, the Erkan K from Varna to Avcilar, the Taurus J from Bejaia to Bejaia (all Carmelo Caruana Co Ltd) and the...

  • What are the ECB’s options?

    What are the ECB’s options?

    Last month I wrote about the risk of deflation in the eurozone. This has far from abated, however, looking at this issue in further detail may provide some much needed colour to this picture. Firstly, it is important to note that when speaking...

  • JPY benefitting from Chinese yuan speculation

    Taking equity performance as a broader gauge of overall market sentiment we see that initial negative sentiment at the start of the week improved on Tuesday. The overriding themes in the market were the softer US data and the turmoil in Ukraine.

  • Sterling’s upward move

    Sterling’s upward move

    The British pound has been among the more consistent positive performing currencies in the developed world part­icularly in the second half of 2013 as it became more evident that the UK economy had truly embarked on the road to recovery. In fact,...

  • Shares dip, gold loses little shine

    Stock markets around the world mostly dipped yesterday as investors held off from making big bets ahead of the release of minutes from the US Federal Reserve’s latest meeting, though they were not expected to deliver any policy surprises. The...

  • Shipping movements

    The following ships are expected in Malta: The Pelleas from Port Said to Genoa (Thomas Smith Shipping Ltd), the Stadt Schwerin from Annaba to Djen-Djen, the Soul of Luck (ex-Hansa Catalina) from Misurata to Misurata, the DS Accuracy from Ploce to...

  • Karlsruhe rules, ok?

    On January 1, 1999, the euro was launched. As so often in the history of the ‘European project’, political zeal overcame economic rationale. It was either that or blind stupidity – or perhaps an ungodly combination of both. In this case, the...

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