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Market Analysis

  • 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...

  • 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...

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