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Market Analysis

  • More liquidity and less drama push markets higher

    Investors’ risk appetite increased yesterday after headlines on a ceasefire agreement in Ukraine provided markets with a respite and the Swedish Central Bank (Riksbank) cut its policy interest rate to -0.1% and introduced a bond buying program.

  • Managing trading losses – an important part of the game

    Larry Williams starts-off his benchmark contribution to trading, “Long-Term Secrets to Short-Term Trading”, with an immensely important concept that all too often is ignored by traders; managing your losses is more important than managing your...

  • The search for yield

    The search for yield

    While the European Central Bank reduced eurozone interest rates last summer on two occasions and in January 2015 announced a quantitative easing programme that will commence next month, two other major central banks have different circumstances to...

  • Shipping movements

    The following ships are expected in Malta: The MV Eurocargo Malta from Genoa to Catania (Sullivan Maritime) and the Maersk Sofia from Port Tangier to Port Said (Thomas Smith Shipping Ltd) today. The Antwerp from Bejaia to Skikda, the DS Patriot...

  • Positive US HY momentum overshadowed by Greece-Troika showdown

    Momentum has been slowly building up in the US high Yield market, particularly last week whereby the uptick in the price of oil resulted in energy names to be better bid, from 2-8 points overall, with the lower-quality less liquid names...

  • European companies announce share buybacks

    European equities started the year on a positive note. The Euro Stoxx 600 returned 7.30% to shareholders year-to-date. An excellent start to the year after the ECB announced Quantitative Easing. Whereas many investors question whether European...

  • The fixed income markets are gradually delivering on expectations

    The fixed income markets are gradually delivering on expectations

    The steady drop in European sovereign markets made the headlines this year as the anticipated Japanification of the European credit took hold of the markets. Specifically, the mix of persisting deflationary fears and the aggressive bond-buying...

  • The X Factor in US Equities

    The X Factor in US Equities

    What makes a good equity investment? The simple answer is making money. But what makes money? What gives a competitive edge? Or as Simon Cowell would say, what is the X-Factor? Own an Apple iPhone is about being cool Apple sold an incredible...

  • Has the oil price bottomed?

    Has the oil price bottomed?

    Many investors are questioning whether last Friday’s rally in the oil price is a turning point in the price of the commodity. On Friday, Brent (the international crude benchmark) posted the biggest one day gain since 2009. Brent rose almost eight...

  • January was positive, are anti-EU parties gaining ground?

    January was positive, are anti-EU parties gaining ground?

    2015 started on a strong foothold for fixed income markets as both investment grade and high yield, particularly investment grade, had a remarkable performance as expectations that a fresh wave of Quantitative Easing spurred demand for this asset...

  • Data rich day ahead

    Data rich day ahead

    Yesterday we had some swings in European equity markets which took cue from the US and then having to contend with the negative reading for the German inflation. The preliminary data for January showed a 0.5 per cent annual decline in prices in...

  • Implementation of Quantitative Easing in Malta

    Implementation of Quantitative Easing in Malta

    The feel good factor surrounding Quantitative Easing (QE) has been dampened this week as the political situation in Greece grabbed center stage. However, assuming that the euro will still be in existence till the end of 2016, QE offers a once in a...

  • The impact of the ECB’s QE on Maltese investors

    The impact of the ECB’s QE on Maltese investors

    Global markets had been speculating for several months about the timing, structure and size of the bond buying programme to be launched by the European Central Bank and as expected the ECB announced the launch of its quantitative easing (QE)...

  • Dollar and US stocks inch higher before Fed

    The dollar edged up against the euro yesterday as investor focus turned toward the Federal Reserve, which delivers a post-meeting statement later in the day, while US stocks climbed after strong earnings from Apple. Worries that Greece's new...

  • Shipping movements

    The following ships are expected in Malta: The Lesotho from Tanjung Pelepas to Valencia, the Maersk Sofia from Port Said to Genoa (both Thomas Smith Shipping Ltd), the Satie from Aliaga to Tanger Med (Carmelo Caruana Co. Ltd) and the MV Eurocargo...

  • Earnings and Federal Reserve become the key market drivers

    Yesterday’s mix of disappointing economic data and corporate earnings underpinned a risk off trading session which concluded with the European equities about 1.22% lower and the US market down by 1.34%.  Early during the day, it was the below...

  • It's all Greek

    Now that the markets are slowly (or rather quite fast by the way credit and government bond yields have moved) digesting last Thursday’s news that the European Central Bank will be injecting up to €60 billion of monthly asset purchases,...

  • The effect of quantitative easing on equities

    The effect of quantitative easing on equities

    Now that Mario Draghi announced quantitative easing (QE), investors want to know two things; the first being whether there is still upside in equity prices from these levels after the strong rebound and the second being what equities they should...

  • US earnings season overshadowed by historic ECB QE announcement

    US earnings season overshadowed by historic ECB QE announcement

    Yesterday it was all about the ECB’s much anticipated monetary policy meeting, whereby ECB President Mario Draghi delivered a jaw-dropping €60 billion monthly asset purchase programme, scheduled to start in March and targeting to end in September...

  • Inequality, wealth and shares

    Inequality, wealth and shares

    During his State of the Union address, President Obama focused on the widening gap between the ultra-wealthy and the rest. Beyond the politics, the fact that the top one percent possesses nearly 50 per cent of the world’s wealth is cause for...

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