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Market Analysis

  • Forex market braced for the FOMC decision

    Before the Federal Reserve’s highly anticipated December FOMC meeting, which came to a conclusion on Wednesday, the dollar traded cautiously against its peers but still managed to hover within one per cent of a five-year high against the...

  • Palm City not affected by instability

    Palm City not affected by instability

    The brief kidnapping of the Libyan Prime Minister Ali Zeidan on October 10 and the difficulties experienced by the Libyan Government to restore order in the face of the unrest by militias and other gangs created renewed tension in Libya in recent...

  • European shares ease over Wall St

    European shares eased in late trade yesterday, as increased certainty over US government spending following a budget deal there was overshadowed by growing expectations that a scaling back of Federal Reserve stimulus is imminent. US-exposed stocks...

  • Shipping movements

    These ships are expected in Malta: The Vega Aquila from Leixoes to Taranto, the Hansa Narvik from Misurata to Misurata, the BFP Galaxy from Izmir to Piraeus, the Oued Ziz from Tunis to Tunis, the Vega Sigma from Algiers to Annaba (all Carmelo...

  • Money train stuck in transit

    Money train stuck in transit

    We are told the world is awash with money. I must admit I have not been able to observe this phenomenon by reference to my statistically (as well as monetarily) irrelevant bank account. However, it appears I am not alone in this. In a recent...

  • Is December taper still possible?

    Throughout the course of last week as customary (since it was the first week of the current month) we got a considerable amount of important economic data. Apart from the manufacturing data out of Europe and the US, the week got busier towards the...

  • Crimsonwing’s improved outlook and performance

    Crimsonwing’s improved outlook and performance

    Last Thursday, Crimsonwing plc published its interim results covering the six months ended September 30, 2013. The interim financial statements revealed a record performance for the group with revenues up 13.7 per cent to €9.86 million, earnings...

  • Europe shares fall again on US data

    European shares fell for a third consecutive session yesterday in response to evidence of growing momentum in the US economic recovery that could mean a scaling-back of stimulus by the Federal Reserve. Standard Chartered was a stand-out faller,...

  • Shipping movements

    These ships are expected in Malta: The Ecem Kalkavan from Leixoes to Naples, the Northern Dexterity from Colombo to Southampton, the CMA CGM Jasper from Damietta to Tilbury (all Carmelo Caruana Ltd) and the MV Eurocargo Malta from Genoa to Genoa...

  • Pension reforms: one step closer

    Pension reforms: one step closer

    Almost six months ago I wrote an article about the local pension system which followed a country report issued by the International Monetary Fund (IMF) within which, among other, the pension and health care reforms were strongly critised. Only a...

  • Bright outlook for dollar as Fed, BoJ & ECB policies diverge

    The euro stalled at the start of the week against the dollar, after failing to sustain gains above the 1.3600 level. EUR/USD slipped at the end of last week following a relatively quiet week where it flirted with the above key handle. The...

  • RS2 CEO: Listing important for deal on Barclays shareholding

    RS2 CEO: Listing important for deal on Barclays shareholding

    The CEO of RS2 Software plc Radi El Haj claimed that the company’s Stock Exchange listing was an important factor for expediting the due diligence exercise that was conducted by Barclays Bank plc in connection with the licensing and the...

  • German deal drives euro, boosts stocks

    An agreement to form a German coalition government lifted the euro to a four-year high against the yen yesterday and helped buoy stocks around the world, already well bid on signs of more central bank liquidity. The long-awaited coalition pact...

  • Shipping movements

    These ships are expected in Malta: The Stadt Flensburg from Benghazi to Al Khoms, the Maersk Evora from Genoa to Port Said, the Faust from Port Said to Genoa (all Thomas Smith Shipping Ltd), the Sena Kalkavan from Leixoes to Naples (Carmelo...

  • Fears of US tapering

    Throughout recent months, gyrations in debt markets have been considerably driven by expectations that relate to the plan of the US Federal Reserve to cut back its bond purchases – so-called tapering. When tapering was originally mentioned in May...

  • EUR/USD price action exposing a pullback?

    EUR/USD price action exposing a pullback?

    As we approach month’s end, up to the time of writing, the EUR/USD is still trading around 1.3550 levels only just marginally off from where we officially started the current month at 1.3588. Throughout the course of the past week, from the...

  • Important developments disclosed in recent Interim Directors’ Statements

    Important developments disclosed in recent Interim Directors’ Statements

    The second week of November is an important time in the local financial calendar as the majority of companies publish their Interim Directors’ Statements in accordance with Chapter 5 of the Listing Rules issued by the Malta Financial Services...

  • Talk of negative ECB rates boosts shares

    European shares inched higher yesterday, recovering some of their poise after weakness in the previous session, with traders citing a report that the European Central Bank was mulling setting negative deposit rates. The FTSEurofirst 300 ended up...

  • Shipping movements

    These ships are expected in Malta: The the VD Dubai from Algiers to El Khoms, the Ecem Kalkavan from Leixoes to Naples, the Saint Roch from Benghazi to Benghazi, the Vega Aquila from Venice to Taranto, the Alkin Kalkavan from Varna to Constanta...

  • Ireland, Spain exiting bailout

    Ireland, Spain exiting bailout

    Last Thursday, Irish Prime Minister Enda Kenny confirmed that the country will be exiting its three-year €78 billion EU/IMF bailout programme next month, without requesting any transition help – having sought international funding in November...

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