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Market Analysis

  • 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...

  • Tapering remains market’s obsession

    The euro was among the strongest performers last week, riding on stronger risk appetite as Federal Reserve officials continue to play down any tapering of its record stimulus this year. At the start of the week, we saw continued strength by the...

  • Share splits explained

    Share splits explained

    The recent announ­ce­ment by Medserv plc that it is convening an Extraordinary General Meeting on November 21 to approve a number of resolutions in connection with the re-denomination of its nominal value as well as a 2.5-for-1 share split,...

  • European shares sag on uncertainty

    European stocks dropped yesterday, with a broad benchmark hitting a three-week low, as uncertainty over the outlook for central banks’ stimulus policies prompted investors to book recent profits. Data showing a faster-than-anticipated recovery in...

  • Shipping movements

    These ships are expected in Malta: The CMA CGM Alexander Von Humboldt from Le Havre to Khor Fakkan, the Sena Kalkavan from Durres to Naples, the Westerburg from Mersin to Antalya, the CMA CGM Titus from Tanger Med to Port Said, the CMA CGM Onyx...

  • Going down, next level zero!

    Last week the Governing Council of the ECB, led by Mario Draghi, decided to cut interest rates by 25 basis points to 0.25 per cent. At the press conference announcing this cut, Draghi referred to “diminishing price pressures in the euro area” and...

  • High-impact data drives EUR/USD lower

    Currency traders longing for moves to capitalise on must have welcomed the market moving data coming out of the world’s largest economy towards the end of last week. Last Thursday, the US published its annualised GDP figure for the third quarter...

  • BOV share price reaches five-and-a-half-year high

    BOV share price reaches five-and-a-half-year high

    The share price of Bank of Valletta plc has climbed by over 19.5 per cent so far during 2013, approach­ing its highest level in over five-and-a-half years. Few shareholders and market participants may realise this because of the price adjustments...

  • Wall Street climbs on strong economic data from Europek

    US stocks rose yesterday buoyed by strong economic data from Europe, while investors bought a flurry of new public offerings one day ahead of Twitter’s much-anticipated IPO. German industrial orders rose by more than expected, which is significant...

  • Shipping movements

    These ships are expected in Malta: The Jork Valiant from Leixoes, the CMA CGM Alabama from Mersin to Antalya, the Saint Roch from Benghazi to Benghazi, the CMA CGM Magellan frm Le Havre to Khor Fakkan (all Carmelo Caruana Ltd) and the MV Eurocargo...

  • Captain Mainwaring banking

    Bank of Valletta recently published their results for FY 2013. The locally quoted banks have sometimes struck some observers as being somewhat quaint, seemingly at odds with the more “progressive” and “sophisticated” banking models being developed...

  • Euro softens amid ECB easing speculation

    With investors focused on key macroeconomic data at the tail end of the week, volatility on currency markets was low at the start, with no major moves recorded on the major currency pairs. Last week, the euro was the biggest loser, falling...

  • 6th bond issue by Gasan Finance Company plc

    The last week of October proved to be a very hectic one for the investing public. Within the space of a few hours on Monday October 21, both International Hotel Investments plc and Gasan Finance Company plc announced details of their new bond issues.

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