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Market Analysis

  • 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...

  • Brighter outlook for eurozone, euro nudges higher

    The dollar was under pressure to start off the week, picking up where it had left off the previous week. Economic data published in recent weeks from the world’s largest economy has been somewhat disap-pointing, which has cast doubt on the pace of...

  • Is January a barometer for 2014?

    Is January a barometer for 2014?

    Statistical studies suggest that equity market returns in January are a precursor of the performance over the next 11 months of the year. Hence, the conventional market wisdom that “as goes January, so goes the year”. During the 64-year period...

  • World stock markets rise on Chinese data

    World stock markets edged up for a sixth straight session yesterday after upbeat trade data from China, while the British pound rose to a two-week high against the dollar. US stocks were little changed, with a decline in Procter & Gamble keeping...

  • Shipping movements

    The following ships are expected in Malta: The Taurus J from Sfax to Djen-Djen (Carmelo Caruana Co. Ltd) and the Maersk Regensburg from Sfax to Misurata (Thomas Smith Shipping Ltd) today. The Alexander Sibum from Algiers, the Saint Roch from...

  • Weaknesses emerging

    In recent weeks, global financial markets have been characterised by volatility and weakness in emerging markets (EM). Developing countries’ currencies, debt and equity markets are having the worst start in recent years, with investors withdrawing...

  • US payrolls data surprises

    At the time of writing, the euro had already managed four consecutive daily gains seen against the US dollar. Price action for the EUR/USD has pushed the currency pair +1.35 per cent higher, just short of 1.37 levels in this first part of February.

  • The AX Investments bond issue

    The AX Investments bond issue

    The AX Group is tapping the financial market again through its finance vehicle AX Investments plc. This is the fourth time that the group is using the capital market to finance its ongoing expansion. Initially, the AX Group launched an equity and...

  • Euroshares up following slide

    European stocks inched up yesterday after a steep, two-week sell-off, but concerns about global growth and emerging market currencies kept investors on edge. The FTSEurofirst 300 index of top European shares closed up 0.1 per cent at 1,271.84...

  • Shipping movements

    The following ships are expected in Malta: The MV Eurocargo Venezia from Genoa to Genoa (Sullivan Maritime), the Nicola from Tunis to El Khoms, the Sirius from Alexandria to Mersin, the Saint Roch from Benghazi to Benghazi (all Carmelo Caruana Co.

  • Update on euro periphery countries

    Update on euro periphery countries

    As I discussed in an article on this same paper last November, Ireland exited the EU/IMF bailout programme in December 2013. In this article we briefly report on the other four countries which most consider as the triggers to the eurozone crisis...

  • Softer EZ inflation pressures the euro

    Had we to sum up last week’s highlights, the limelight would certainly go to yesterday’s FOMC post-meeting announcement. In line with expectations the Fed delivered a second $10 billion cut in its asset purchases programme, trimmed equally between...

  • MIA forecasts mild growth after extraordinary 2013

    MIA forecasts mild growth after extraordinary 2013

    On January 23, Malta International Airport plc issued a company announcement and concurrently held a press conference announcing the 2013 traffic results and the forecast for this year. MIA’s CEO Markus Klaushofer delivered a presentation to the...

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