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Market Analysis

  • 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...

  • Analysing the Fimbank takeover bid

    On December 9, 2013, Fimbank announced that it had received a joint voluntary bid, from Burgan Bank (BB) and United Gulf Bank (UGB), with the intention of acquiring a controlling stake in the company. This is the latest step in a multi step...

  • Markets regain lustre but traders wait for NFP

    With the festive season be­hind us, it was back to business on the forex market on Monday. With very low volatility characterising markets over the past couple of weeks, we witnessed some interesting breakouts to reach new highs and lows. As...

  • 2013: The year of the IT companies

    2013: The year of the IT companies

    2013 turned out to be a very positive year for local equities with the local benchmark index registering its best annual performance since 2005. The MSE Share Index advanced by 14.75 per cent as the majority of the companies listed on the Malta...

  • Shipping movements

    These ships are expected in Malta: The Maersk Brooklyn from Izmir to Malaga (Thomas Smith & Co. Ltd) tomorrow. The Allegro from Tunis to Valencia and the Don Pascuale from Port Said to Genoa (both Thomas Smith & Co. Ltd) on Saturday. The Maersk...

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