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Market Analysis

  • Update on silver and gold

    Traditionally gold has been viewed as a safe-haven asset – on average, 40 per cent of new gold produced is used as an investment vehicle, 50 per cent to produce jewellery – which in part can also be considered a storage of wealth, and just 10 per...

  • Volatility expected to pick up on major data

    At the end of last week the US reported stronger than expected preliminary annualised GDP data for the second quarter, with data coming in at 2.5 per cent versus an expected 2.2 per cent and a previous 1.7 per cent. The US dollar rose to...

  • Lombard profits ease as impairments rise

    Lombard Bank Malta plc published its interim financial statements last week, revealing a 5.7 per cent increase in total operating income to €19.9 million but a 3.3 per cent decline in pre-tax profits to €4.2 million. The lower profitability...

  • European shares dragged lower by Syria strike threat

    The risk of an attack by Western powers on Syria contributed to falls in European shares yesterday, with travel stocks bearing the brunt of investor concerns, but a spike in oil prices boosted energy suppliers. The FTSEurofirst 300 was down 3.80...

  • Eurozone loan slump puts the onus on ECB to maintain low rates

    Lending to the eurozone’s private sector contracted further in July, dragging on the eurozone’s nascent economic recovery and keeping up pressure on the European Central Bank to maintain its expansive monetary policy. Private sector loans shrank...

  • Shipping movements

    The following ships are expected in Malta. The Margretha Maersk from Port Said to Genoa (Thomas Smith Shipping Ltd), the MV Eurocargo Malta from Genoa to Civitavecchia (Sullivan Maritime), the Connorth from Gioia Tauro to Algiers, the Jork Valiant...

  • Syria tensions drive safe havens higher

    Risk aversion was the dominating sentiment at the start of the week as geopolitical tensions rose with the Western allies pondering military action against the Syrian Government. Tensions in Syria have escalated since President Bashar al-Assad’s...

  • Go’s minority shareholders await further developments on Forthnet

    Forthnet dominated the business headlines in Greece in recent weeks as a number of announcements and media reports were published regarding changes to the company’s shareholder structure. On July 23 Forthnet announced that the second-largest...

  • Stocks slide, dollar gains ahead of Fed minutes

    Global equity markets slid for a fifth day yesterday and the dollar strengthened ahead of a report from the latest Federal Reserve policy-setting meeting that is expected to hint, at the least, of a pullback of economic stimulus in September. Most...

  • ECB downplays talk of Greece’s third EU bailout

    The European Central Bank joined Germany yesterday in playing down talk of a third bail-out package for Greece, but reaffirmed the eurozone would help the country trim debt as long as it stuck to its latest aid programme. Speaking in Athens a day...

  • Shipping movements

    These ships are expected in Malta: The BFP Galaxy from Izmir to Piraeus, the Hansa Narvik from Gioia Tauro to Algiers, the Classica from Mersin to Antalya, the DS Accuracy from Algeciras to Naples, the CMA CGM Lyra from Fos Sur Mer to Port Said...

  • Gold rises to one-month highs

    The Aussie and the Kiwi started the week on a strong footing early into Monday’s session. The Kiwi reflected a stronger-than-expected reading for the New Zealand Performance Services Index, but gains for both currencies soon fizzled out as the...

  • MIA upgrades its passenger forecast after record H1 profits

    Given the regular announcements published by Malta International Airport plc disclosing the monthly traffic results, it should not have surprised shareholders that the company registered another record financial performance during the first half...

  • French market leads European shares up

    European shares rose back towards two-and-a-half-month highs yesterday, led by gains on the French stock exchange, as the region’s markets were buoyed by data showing the eurozone had emerged from recession. The pan-European FTSEurofirst 300 index...

  • BoE divided on forward guidance

    Bank of England policymakers were unexpectedly split on new Governor Mark Carney’s long-run commitment to keep interest rates low earlier this month, minutes of their August meeting showed on Wednesday. Martin Weale, an external member of the...

  • Shipping movements

    These ships are expected in Malta. The MV Eurocargo Malta from Genoa to Civitavecchia (Sullivan Maritime) and the Devon Strait from Annaba to El Khoms (Carmelo Caruana Ltd) today. The Tyrusland from Tripoli to Tripoli, the CMA CGM Fidelo from Port...

  • Europe’s economy shows signs of life

    Europe’s economy is finally picking up, demonstrated by stronger- than-expected economic data out of its largest economy. Strong data from Germany showed the region’s strongest economy was gaining traction, as the common currency area shows signs...

  • HSBC Bank Malta seeing gradual improvement in business pipeline

    HSBC Bank Malta plc, the largest company on the Malta Stock Exchange measured by market capitalisation, published its interim financial statements mid-way through last Monday’s trading session on the Borza. This happened concurrently with the...

  • Shares and dollar drop on Fed tapering unease

    US and European stocks dropped yesterday and the dollar fell for a fourth day in a row as investors grew more concerned over when the Federal Reserve will start to wind down its stimulus program. The greenback also fell steeply against the pound...

  • China fines milk powder makers $110 million for price fixing

    China fined six companies, including Mead Johnson Nutrition Co., Danone and New Zealand dairy giant Fonterra, a total of $110 million following an investigation into price fixing and anti-competitive practices by foreign baby formula makers. The...

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