Market Analysis
-
Crimsonwing pre-tax profits in first half reach €550,000
Crimsonwing plc last week published its financial statements for the six months ended September 30. Overall revenue across the group grew by 12 per cent to a record figure of €8.68 million. It stemmed mainly from new licence sales particularly...
-
European stocks rise despite grim news
European stock markets rose yesterday, unruffled by grim news on the eurozone and British economies. London’s FTSE 100 index of leading companies closed up 0.39 per cent to 5,892.08 points, while Frankfurt’s DAX 30 added 0.26 per cent to 7,454.55...
-
Shipping movements
These vessels are expected in Malta: The Mont Ventoux from Tunis to Tunis and the CMA CGM Rigoletto from Port Said to Genoa (Carmelo Caruana Co. Ltd) today. The Alexander Sibum from Pireaus to Varna, the VD Dubai from Algiers to Algiers, the CMA CGM...
-
€10bn Greek bond buy-back
On Monday, Greece announced that it will be spending €10 billion to buy back its sovereign bonds. The objective is to reduce its soaring debt burden and unblock further financial aid from its bail-out programme. Bond prices were higher following...
-
Euro shows resilience, holds on to 1.30 levels
Chinese data started off this current week positively. In the early hours of last Monday’s session Chinese PMI manufacturing data (essentially a health check of China’s manufacturing sector) showed a steadying pace with the actual figure out at...
-
Rizzo Farrugia MGS Index surpasses 1,000 points
The Rizzo Farrugia MGS Index was launched in December 2010 to enable market practitioners and investors to follow price trends in Malta Government Stocks. This index tracks movements in the bid prices of the Central Bank for all Malta Government...
-
European stocks fluctuate while oil prices drop
Europe’s stock markets advanced yesterday after a late bout of optimism that politicians would act to avoid the looming “fiscal cliff” of automatic tax rises and spending cuts which threatens to send the United States back into recession. After...
-
Shipping movements
These vessels are expected in Malta: The Marina from Durres to Taranto, the Rabat from El Khoms to Bejaia, the Stadt Schwerin from Misurata to Sfax, and the Soraya from Misurata to Khor Fakkan (all Carmelo Caruana Co Ltd), the Parsifal from...
-
Who should create money?
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” (Henry Ford) Revolution, or at least the potential for it, seemingly...
-
Greece’s lenders finally clinch a deal
Late last Monday, eurozone finance ministers finally struck a deal to cut Greece’s interest rates and redesigned their aid plan. After 12 hours of talks in the fourth Greek crisis meeting in two weeks, ministers convinced the International Monetary...
-
Listed companies issue their interim statements
The majority of the companies that have their equity listed on the Malta Stock Exchange have a December year-end. Therefore, according to the Listing Rules of the MFSA, they are required to publish their interim directors’ statement by mid-...
-
European stocks gain despite Greek deal failure
Europe’s main stock markets rose and the euro was steady against the dollar yesterday even though eurozone finance chiefs failed to strike a deal to unlock the latest batch of bailout cash for heavily-indebted Greece. The benchmark FTSE 100 index...
-
Shipping movements
These vessels are expected in Malta: The CMA CGM Lavender from Pireaus to Pireaus, the Taurus J from Algiers to Oran, and the Mont Ventoux from Tripoli to Tripoli (Carmelo Caruana Co Ltd) today. The Stadt Schwerin from El Khoms to Misurata, the...
-
Hollande’s Gallois Report
Last July, President Francois Hollande commissioned Louis Gallois, the former chief at aerospace company EADS NV and state-owned railway company SNCF, to prepare a report with the intention of reversing the languishing competitiveness of French...
-
Moody’s downgrade a blow to France
There are not many new issues on the table for investors this week, at least up to the time of writing. The main issues remain the ‘fiscal cliff’ for the US and the overall debt issues surrounding eurozone countries. The lack of new concerns helped...
-
Apple Inc shares enter bear market territory
When a particular share or a benchmark index loses more than 20 per cent of its value, it is described as having entered a bear market. Some readers may be surprised at the link between Apple and a bear market since the major financial headlines...
-
Stock markets drop as Europe strikes
Europe’s main stock markets dropped yesterday as workers across indebted eurozone nations took part in coordinated general strikes in protest at their governments’ deep austerity programmes. London’s FTSE 100 index of leading companies dropped 1.11...
-
Shipping movements
These vessels are expected in Malta: The Maersk Edison from Genoa to Port Said (Thomas Smith Shipping) today. The Mont Ventoux from Tripoli to Tripoli, the Mediterranean Sea from Antalya to Beirut, the Stadt Schwerin from El Khoms to Oran, the ...
-
Malta aiming for a first
The financial services sector has been one of the success stories of Malta in recent times. In years gone by, when travelling to Europe on business, counterparts from other financial institutions showed little, if any, interest in Malta. Some even...
-
Euro slips as IMF, EU spar over Greece
The euro was under pressure at the start of the week, weighed by concern over Greece as international lenders bumped heads over a longer-term target date to shrink the country’s debt pile. Despite agreeing to give Athens an additional two years to...
