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Market Analysis

  • 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...

  • European stocks hit six-week lows

    European shares fell to six-week lows yesterday, breaking below technical support levels in the face of weak earnings and concerns that another trimming of US monetary stimulus may exacerbate the emerging markets rout. Emerging economies – key...

  • Shipping movements

    The following ships are expected in Malta: The MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime), the CMA CGM Titus from Tanger Med to Port Said, the Westerburg from Port Said to Antalya, the Fiona from Algiers to Skikda, the Meta from...

  • Trendspotting: winners and losers

    Trendspotting: winners and losers

    In this article we discuss a short selection of observed trends, which could stimulate some stock selection ideas. What’s going up • Smaller companies The FTSE 100 was up 14 per cent in 2013 – well above the long run average for equities as an...

  • Emerging market economies face turbulence

    Global financial markets were largely in a risk averse mood for most part of last week and through the first half of this week, ahead of the FOMC decision by the Federal Reserve. Global investors were largely in a risk-off frame of mind, and...

  • The negative performers of 2013

    The negative performers of 2013

    In my first article of the New Year, I reviewed the best performing equities listed on the Malta Stock Exchange during 2013. These were the three companies operating in the IT sector. In that article I also briefly mentioned that only three...

  • Tech firm bumps up Europe shares

    European shares edged up, led by robust results from Dutch technology firm ASML yesterday, but concerns about earnings across the broader market kept a lid on the day’s advance. ASML, the world’s leading provider of tools for making computer...

  • Shipping movements

    These ships are expected in Malta: The Stadt Schwerin from Algiers to Skikda, the Tyrusland from Tripoli to Tripoli, the South of Luck (ex-Hansa Catalina) from Bejaia to Djen Djen, the BFP Galaxy from Izmir to Piraeus, the AS Cypria from Tanger...

  • Where next for the euro?

    Where next for the euro?

    Currency risk in a global investment portfolio may be quite a headache for a portfolio manager. Although hedging such risk is generally straight-forward and relatively cheap (especially for major currencies), opting for the easy way out is a) not...

  • Central Banks in focus; dollar stays bid on policy divergence

    From the economic calendar front, data last week was predominantly in favour of further reduction of stimulus by the US Federal Reserve. Following a disappointing non-farm payroll reading at the start of the week, it was back to business as far as...

  • Ratio of return on equity

    The return on equity (ROE) is widely used by financial analysts worldwide to gauge a company’s performance. This profitability ratio is calculated by dividing profits (net income) by shareholders’ funds. Essentially, this ratio measures the amount...

  • European shares hitting five-and-a-half year highs

    European shares scaled fresh five-and-a-half year highs yesterday, buoyed by strong data and a brighter outlook for the global economy, as well as by easing regulatory concerns about euro zone banks. Financial stocks provided the biggest boost to...

  • Shipping movements

    These ships are expected in Malta: The BF Galaxy from Izmir to Piraeus, the Jork Valiant from Ambarli to Durres, the Saint Roch from Benghazi to Benghazi, the CMA CGM Titus from Port Said to Genoa, the CMA CGM Quartz from Damietta to Genoa (all...

  • NBM shareholders – the promised land

    NBM shareholders – the promised land

    How ironic the world seems to be at times. It was under a Labour government that this saga had its roots and it seems that it is under another Labour government that this wrong is to be put right. The Constitutional Court ruling of last week...

  • Softer payrolls data cast doubts over pace of tapering

    The US created 74k jobs in December, easing off the previous 241k jobs created last November, and the figure came short of the markets’ expectations that pointed towards a 200k reading. This was very much the highlight, that set the tone for much...

  • Japan and US outperform Europe

    Japan and US outperform Europe

    In last week’s article I reviewed the performance of the local equity market during 2013. Although Maltese equities generally performed positively with the MSE Share Index climbing by 14.75 per cent during the year, international markets...

  • Eurozone retail sales rebound but unemployment holds at record high

    Eurozone retail sales leapt in November even though unemployment remained at a record high, hinting at a pick-up in consumer demand that would ease deflation worries and relieve pressure on the ECB to loosen policy. Data yesterday showed the...

  • European share price pause, FTSEurofirst 300 index up by 0.1 %

    European stocks paused yesterday around five-and-a-half year highs, but rising confidence that peripheral euro zone economies are starting to recover from the region’s debt crisis helped markets there extend a rally. Trading volumes on Portugal’s...

  • Shipping movements

    These ships are expected in Malta: The CMA CGM Rossini from Le Havre to Port Said, the Fiona from Misurata to Algiers, the Erkan K from Durres to Avcilar (all Carmelo Caruana Ltd), the Eurocargo Venezia (Sullivan Maritime) from Genoa to Genoa and...

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