Advert

Market Analysis

  • Yet another acronym…AQR

    Yet another acronym…AQR

    The European Central Bank (ECB) recently announced the Asset Quality Review (AQR) programme which will commence shortly and is targeted to end by October 2014. The main scope of AQR is to assess the strength (or otherwise) of the significant...

  • Extended cheap money revives carry trades

    With the US largely recalibrating the timing of the unwind of its asset purchases based on the issues brought about by the recent government shutdown and the debt ceiling debate, it looks like the markets shall continue to enjoy cheap money at...

  • Farsons half-year results

    Farsons half-year results

    The Farsons Group results for the first half of their 2013/14 financial year covering the six-month period between February 1and July 3, 2013 shows a marginal improvement in revenue and profitability to €40.7 million and €3.8 million...

  • Bank slide halts winning run for European stocks

    European shares snapped a nine-day winning streak yesterday, hit by plans for a new, tougher stress test for euro zone banks, as well as by a crop of weak earnings numbers and forecast downgrades in other sectors. The STOXX Europe 600 Banks index...

  • Shipping movements

    These ships are expected in Malta: The MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime), the CMA CGM Laperouse from Le Havre to Khor Al Fakkan, the Jork Valiant from Leixoes to Naples, the Tyrusland from Tripoli to Tripoli, the OS Bodrum...

  • The ‘bright’ side of the US shutdown

    The ‘bright’ side of the US shutdown

    On October 16 an agreement was reached by the US Senate and Congress that should allow for the funding of the government until January 15, 2014, and the extension of the country’s borrowing authority through February 7, 2014. The US fiscal crisis...

  • Job growth slows in US, delays scope for Fed tapering

    The United States government bought itself more time after lawmakers in Washington struck an 11th hour deal to lift the debt ceiling and end a 16-day partial shutdown of the Federal government. In the end the deal averted what might have been a...

  • Excess liquidity in the local financial market

    Excess liquidity in the local financial market

    The extraordinary demand for the recent Medserv plc bond issue – amounting to over €55 million across more than 3,800 applicants during the public offering – is once again indicative of the excess liquidity within the local financial...

  • Britain’s FTSE 100 rallies on US deal

    Expectations of an imminent deal in Washington to avert a US debt default sparked a late turnaround on Britain’s top share index yesterday. London’s blue chip index rallied off a session low of 6,504.27 to close up 22.48 points, or 0.3 per cent at...

  • Shipping movements

    These ships are expected in Malta: The DS Accuracy from Leixoes to Naples, the Taurus J to Latakia (both Carmelo Caruana Ltd), the Pelleas from Port Said to Genoa (Thomas Smith Shipping Ltd) and the MV Eurocargo Venezia from Genoa to Genoa...

  • The troubles ahead

    The US shutdown and debt ceiling issues have been hogging economic and financial news headlines for the past few weeks. Our clients have asked us how the two are intertwined. The shutdown and the debt ceiling are in fact two separate issues, which...

  • GBP support eases, inflation remains tame

    We’re halfway through October and the US is still in shutdown, there has been a lot of speculation and expectation that the debt ceiling issue could be resolved ahead of the previous weekend, but early into the current week no tangible accord had...

  • Euro strength or US dollar weakness?

    Euro strength or US dollar weakness?

    The value of a currency is always quoted in terms of how much it can acquire of another currency. Therefore, movements in exchange rates are a reflection of the strength or weakness in one currency relative to another. Recently, the euro touched...

  • Short-term rates strain as US debt limit heats up

    Strains in short-term interest rates and funding markets rose yesterday as the US debt ceiling battle heats up, while the expected nomination of Janet Yellen as Federal Reserve chief boosted the dollar. Wall Street stocks began the day in positive...

  • Shipping movements

    These ships are expected in Malta: The Karina from Algiers to Algiers, the CMA CGM Rigoletto from Tanger Med to Port Said, the Mediterranean Sea from Alexandria to Latakia, the CMA CGM Cendrillon from Port Said to Genoa (all Carmelo Caruana Ltd)...

  • Seeds of change have been sown

    Seeds of change have been sown

    Just when it seemed that the economic and financial engines of the world were starting to stop spluttering and start to purr, with the economy of the US in positive territory and the EU economy forecasting a rebound of 1.1 per cent in GDP for...

  • US in Federal shutdown as the debt clock ticks

    As the Government of the US remains in shutdown and entered its eighth day on Tuesday, focus was predominantly shifted towards the Federal debt ceiling, which is currently at $16.7 trillion, and, unless raised, may lead to catastrophic...

  • Mixed performances in Q3

    Mixed performances in Q3

    The MSE Share Index is the local equity market benchmark tracking the performance of the companies that have their shares listed on the Official List of the Malta Stock Exchange. During the third quarter, which came to an end last Monday, the...

  • Stocks, dollar fall on US shutdown

    Global equity markets and the dollar fell yesterday as the US government shutdown entered its second day and as data showed US private employers added fewer jobs than expected last month. Although equities showed resilience on Tuesday on hopes the...

  • Sainsbury’s eclipses Tesco

    Sainsbury’s eclipses Tesco

    Sainsbury, Britain’s third-biggest grocer, met forecasts with a pick-up in quarterly sales driven by growth at local convenience stores and online. The group, which trails Tesco and No. 2 player Wal-Mart’s Asda by annual revenue, said yesterday...

Advert
Advert