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Market Analysis

  • Shipping movements

    These ships are expected in Malta: The MV Eurocargo Malta from Genoa to Civitavecchia (Sullivan Maritime), the Mediterranean Sea from Alexandria to Latakia and the Vega Aquila from Algeciras to Naples (both Carmelo Caruana Ltd) today. The BFP...

  • The Malta Troika: bright prospects

    The term Troika has recently become synonymous with (politically motivated) economic destruction and social hardship. I doubt that the average youth on the street sees the IMF/EU/ECB Troika as a force for the good. Nor would he comprehend the...

  • Fed leaves markets guessing; debt ceiling in focus

    With the Federal Reserve FOMC meeting out of the way, attention on financial markets was back on macroeconomic data as the guessing games begin once again. In a surprise decision, the Fed decided to stay put and not alter the pace of its asset...

  • Will ‘great rotation’ happen in Malta?

    The term “great rotation” was originally penned by an economist at Bank of America Merrill Lynch in an October 2012 research note titled The Bond Era Ends. It refers to the prediction that the record-low bond yields will prompt investors to rotate...

  • European shares hover close to five-year highs

    European shares hovered near five-year highs yesterday, staying within their weekly range as investors held fire expecting the US Fed to announce a first cut to its equity-friendly stimulus programme. The pan-European FTSEurofirst 300 closed up...

  • Shipping movements

    These ships are expected in Malta: The MV Eurocargo Venezia from Genoa to Civitavecchia (Sullivan Maritime), the Faust from Port Said to Genoa (Thomas Smith Shipping Ltd), the Nicola from Tunis to Algiers, the Westerburg from Mersin to Antalya and...

  • The direction of the eurozone

    The last couple of weeks have probably witnessed the widest gap ever between the eurozone bulls and bears. The former have been coming for a while but the numbers were few and the noise level was minimal given the lack of economic data to support...

  • Milestone agreement for RS2 Software plc

    On August 30, RS2 Software plc announced that the major European Bank referred to in their company announcements of May 16 and June 19, which had expressed an interest in acquiring a significant stake in RS2, was Barclays Bank plc. The company...

  • European shares hit two-year highs

    A key European equity index scaled fresh two-year highs yesterday, lifted by a rebound in beaten-down utility stocks and a surge in chip designer ARM . Traders also said increasing signs that Europe’s economy was recovering from the region’s euro...

  • Shipping movements

    These ships are expected in Malta: The MV Eurocargo Malta from Genoa to Civitavecchia (Sullivan Maritime), the BFP Galaxy from Izmir to Piraeus and the Vega Aquila from Durres to Naples (both Carmelo Caruana Ltd) today. The El Toro from Skikda,...

  • Rising US bond yields

    The US Treasury market has been experiencing volatility in recent days and weeks. The US Federal Reserve (“Fed”) announced in May that it may begin reducing quantitative easing, triggering months of losses in US government debt. Prices have been...

  • Risk appetite takes a breather

    We had a busy end of week last week; finally the ECB and the BoE, as was expected, left interest rates un­changed – both at 0.5 per cent. The BoE made no changes to its asset purchases target, and while EU President Mario Draghi took no additional...

  • Medserv taps the bond market

    Medserv plc obtained ap­proval of a €20 million debt issuance programme to finance its expansion plans. The programme enables the company to issue various tranches or series amounting to a maximum of €20 million over a 12-month period. Shortly...

  • European shares track US gains to end slightly higher

    European shares closed slightly firmer after choppy trading yesterday, helped by a rally in US technology stocks while geopolitical concerns kept gains in check. The FTSEurofirst 300 index of top European shares closed 0.2 per cent higher at...

  • Shipping movements

    These ships are expected in Malta in the coming days: The Sea Breeze from Annaba to El Khoms, the DS Accuracy from Algeciras to Naples, the Avonmoor from Skikda to Tunis, the Pagola from Ravenna to Ravenna (all Carmelo Caruana Ltd) and the MV...

  • Update on silver and gold

    Traditionally gold has been viewed as a safe-haven asset – on average, 40 per cent of new gold produced is used as an investment vehicle, 50 per cent to produce jewellery – which in part can also be considered a storage of wealth, and just 10 per...

  • Volatility expected to pick up on major data

    At the end of last week the US reported stronger than expected preliminary annualised GDP data for the second quarter, with data coming in at 2.5 per cent versus an expected 2.2 per cent and a previous 1.7 per cent. The US dollar rose to...

  • Lombard profits ease as impairments rise

    Lombard Bank Malta plc published its interim financial statements last week, revealing a 5.7 per cent increase in total operating income to €19.9 million but a 3.3 per cent decline in pre-tax profits to €4.2 million. The lower profitability...

  • European shares dragged lower by Syria strike threat

    The risk of an attack by Western powers on Syria contributed to falls in European shares yesterday, with travel stocks bearing the brunt of investor concerns, but a spike in oil prices boosted energy suppliers. The FTSEurofirst 300 was down 3.80...

  • Eurozone loan slump puts the onus on ECB to maintain low rates

    Lending to the eurozone’s private sector contracted further in July, dragging on the eurozone’s nascent economic recovery and keeping up pressure on the European Central Bank to maintain its expansive monetary policy. Private sector loans shrank...

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