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Market Analysis

  • 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.

  • Robust earnings keep European shares on a high

    Pan-European equities settled near five-year highs yesterday, supported by robust trading updates from carmaker Volkswagen and Norwegian conglomerate Orkla, among others. The pan-European FTSEurofirst 300 index initially rose 0.6 per cent to hit a...

  • Shipping movements

    These ships are expected in Malta: The Taurus J from Alexandria to Latakia, the DS Accuracy from Leixoes to Naples, the OS Bodrum to Skikda, the Fiona from Algiers to Skikda, the Oued Ziz from Tanger Med to Tunis, the CMA CGM Titus from Port Said...

  • 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...

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