Market Analysis
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Thursday, November 24, 2011 by
Travelex Global Business Payments Malta
Daily currency report
Sterling fell to six-week lows against the US dollar despite encouraging public borrowing figures. The move reflects concern the Bank of England may signal its intent to print yet more money in order to safeguard UK growth. With one eye on the...
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Thursday, November 24, 2011 by
Gollcher
Shipping movements
The following vessels are expected in Malta: The Nedlloyd Marita from Canakkale to Algeciras (Thomas Smith and Co Ltd) tomorrow. The MV Eurocargo Venezia from Livorno to Livorno (Sullivan Maritime) and the Suprema from Genoa to Genoa (Gollcher Co...
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Thursday, November 24, 2011 by
Karl Micallef
What is the endgame?
Looking at the past and commenting is always far easier than trying to look forward and forecasting some potential outcome. It has never been easier, or more difficult for that matter, than it is today. If we look at some of the European sovereign...
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Thursday, November 24, 2011 by
Rudolf Muscat
Super committee’s stalemate raises concerns over US debt
Earlier this week risk sentiment continued to worsen; eurozone debt issues remained dominant but with the US’s congressional super committee approaching a deadline set for mid week, focus at week start turned on the US’s share of outstanding...
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Thursday, November 17, 2011 by
Edward Rizzo
Investing in government bonds
Investing in government bonds has always been popular with local investors especially for the more cautious individual wishing to take on low risk. This trend was again very evident over the past days as many retail investors scrambled to take a...
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Thursday, November 17, 2011 by
AFP
Stocks hit hard
Global stock markets were under pressure yesterday as the eurozone debt crisis continued to push most European government borrowing costs dangerously higher. Dealers said there was some respite as Italy and Greece put in place new governments...
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Thursday, November 17, 2011 by
Travelex Global Business Payments Malta
Daily currency report
Volatile shifts in eurozone government bond yields continue to weigh on the euro as contagion spreads from Italy into other core nations. Despite strong demand for UK government bonds as a hedge against Europe’s crisis, sterling fell to three-week...
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Thursday, November 17, 2011 by
Gollcher
Shipping movements
The following vessels are expected in Malta: The CMA CGM Cortes from Livorno to Dakar, the VD Dubai from Annaba to Tunis, the Libra J from Tunis to Casablanca and the Olivia from Valencia to Dakar (all Carmelo Caruana) today. The Oued Eddahab from...
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Thursday, November 17, 2011 by
Vincent Micallef
Credit default swaps
Much has been written in the press in recent months on Greece and its contribution to the current debt crisis, including in this column. Market players concerned about a Greek default have been buying CDS, instruments which should protect them...
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Thursday, November 17, 2011 by
Rudolf Muscat
Eurozone remains in focus despite drastic changes
Over the weekend Italy followed in the footsteps of Greece; the Italian Chamber of Deputies passed the 2012 Budget law, the Senate had already given its approval late last week. Following Prime Minister Silvio Berlusconi’s resignation Italy...
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Thursday, November 10, 2011 by
Edward Rizzo
Malta’s strategic positioning as a superyacht homeport
Following the recent press release issued by Grand Harbour Marina plc that it successfully concluded the sale of a second superyacht berth, I interviewed a director of GHM, Nick Maris, to discuss the dynamics of the superyacht industry and Malta’s...
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Thursday, November 10, 2011 by
AFP
Euro tumbles after Berlusconi resignation announcement
European stocks closed sharply lower yesterday as any early optimism that the resignation of Italian Prime Minister Silvio Berlusconi would calm the markets disappeared in a wave of near panic. Dealers said investors first thought Mr Berlusconi’s...
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Thursday, November 10, 2011 by
Travelex Global Business Payments Malta
Daily currency report
Stock markets and the euro bounced as Italian Prime Minister, Silvio Berlusconi, finally agreed to resign after his government won a vote on a budget report, but failed to secure a majority as confidence in his leadership plummets. Despite the...
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Thursday, November 10, 2011 by
Gollcher
Shipping movements
The following vessels are expected in Malta: The CMA CGM Rose from Damietta to Genoa and the CMA CGM Andromeda from Le Havre to Khor Fakkan (both Carmelo Caruana) today. The Marguerite from Varna to Thessaloniki, the Susanne from Bejaia to Algiers...
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Thursday, November 10, 2011 by
David Curmi
No such thing as a free lunch!
The Government of Malta announced last week that it will be seeking to raise up to €168 million in new government stocks spread over three issues. The first is a 4.25 per cent November 2017 issue. There is already a similar issue trading on the MSE...
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Thursday, November 10, 2011 by
Emman Xuereb
Italian bond yields soar, euro resilient
With markets focused largely on Italy at the start of the week, after re-assuring news from Greece, the euro surprisingly held firm, and risky assets did not sell-off aggressively as one would imagine. Most major currencies spent most of the...
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Thursday, November 3, 2011 by
Edward Rizzo
BoV reports a two per cent increase in core profitability
For a number of weeks the local financial community and the investing public had been eagerly awaiting the publication of the financial results of Bank of Valletta plc for the year ended September 30, 2011. As was widely anticipated the performance...
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Thursday, November 3, 2011 by
Roland Jackson, AFP
European stocks steady
European stock markets closed higher yesterday after massive losses the previous day as investors waited for key meetings between EU and Greek leaders on Athens’ shock plan to put its latest debt rescue to a referendum. The referendum announcement...
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Thursday, November 3, 2011 by
Travelex Global Business Payments Malta
Daily currency report
Greek officials will hold emergency talks with France, Germany, the European Central Bank and the International Monetary Fund after announcing that it will be pressing ahead with its shocking call for a referendum on the EU’s hard-fought bailout...
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Thursday, November 3, 2011 by
Gollcher
Shipping movements
The following vessels are expected in Malta: The Burak Bayraktar from Tunis to Algiers, the Santa Monica from Aliaga to Abdijan, the Oued Eddahab from Casablanca to Skikda, the Eemsdijk from Tunis to Algiers, the AS Cypria (ex-CMA CGM Orchid) from...
