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Market Analysis

  • All eyes on December FOMC Meeting

    As had been widely expected, the US Federal Reserve’s Open Market Committee kept interest rates unchanged yesterday. In all fairness, it was never really on the cards as the market was only pricing in a 16% change of a rate hike as at last...

  • What importance do we give to our overall wealth?

    The role of asset managers is quite vast, but, put simply, can be split into three distinct roles. Firstly, asset managers need to grasp and decipher market direction by taking a close look at the way the global economy is developing and evolving,...

  • Fixed income-differing momentum in Europe and the US

    Fixed-income investors should be more than satisfied in terms of performance, as till date the income generating asset class proved to be one of the top performers. In Europe the performance is primarily attributed to the fuelled monetary policy...

  • Where’s the EURUSD heading?

    Do not disregard the impact forex can have on the performance of your portfolio. Currency exposure is as much as investment decision as any other asset class you hold in your portfolio. To prove my point, take a look at the performance of the FTSE...

  • RS2 share price drops to a near 1-year low

    RS2 share price drops to a near 1-year low

    The MSE Share Index moved minimally higher to 4,550.124 points (+0.02 per cent) as the gains registered in the share prices of MIA and Mapfre Middlesea outweighed the declines in RS2 and Malta Properties. Trading volumes advanced to a three-week...

  • Could complacency kick in once again?

    Let’s face it. 2016 has been more than benign for international bond markets. Ok, the first six weeks of the year were nothing to ride home about, but the rally which ensued beat analysts and investors’ expectations and forecasts. In my previous...

  • LVMH Moet Hennessy Louis Vuitton – company going strong

    We increased our price target on LVMH from €167/share to €181.50 following the third quarter sales and revenue release. This represents a 10% upside to the current price.  The increase in price target is a result of an increase in the forward...

  • Fed rate hike - December in the loop

    Fed rate hike - December in the loop

    Over the past months market participants were anxious awaiting any form of communication of when the Federal Reserve (Fed) will act and hike interest rates for the second time, following the first rate hike since 2008 which occurred in December...

  • Oil: friend or foe?

    Oil: friend or foe?

    Oil prices in the third quarter were eight per cent below the average price last year. When OPEC caught the market off guard by agreeing to cap output for the first time in eight years West Texas Intermediate crude jumped to over $50 per...

  • Credit – where do we go from here?

    Credit – where do we go from here?

    Believe it or not, we’re already almost in the mid-way mark in October and we’ve entered the final stretch of 2016, with credit markets having had their better share of what was a rollercoaster ride in the first few months of the year. The rally...

  • Google dominating our lifestyle

    A few months back, during an interview on artificial intelligence, Elan Musk said that of all the companies working on self-aware computers only ‘one certain firm’ worried him. It does not take much imagination to conclude that in all probability...

  • Avoiding Red October and beyond

    September has seen two central bank meetings, an oil agreement struck and persistent uncertainty surrounding Brexit and the upcoming US elections. Throughout the month, the bond market generated mixed returns across the board, with the BOFA ML...

  • Bonds funds, the duration concept and the current scenario

    Bonds funds, the duration concept and the current scenario

    Unfortunately, few investors give the necessary importance to the duration concept. Initially investors should make a clear distinction between ‘duration’ and ‘modified duration’. The former is basically the duration of the bond, i.e. years to...

  • NXP Semiconductors pushing the boundary of the internet of things

    NXP Semiconductors pushing the boundary of the internet of things

    The roller coaster ride in equity markets experienced in the past few years has led many to believe that somehow industrial innovation has stood still. This is far from the truth; the boundary that limits everyday life is being pushed aggressively...

  • Have markets had enough of central banks?

    Have markets had enough of central banks?

    I think the markets have had enough of central banks, for the time being. Undoubtedly, the world’s leading central banks have taken the limelight this month and have driven both sentiment and dictated market direction in the run up to each...

  • Portfolio risk vs asset risk

    Portfolios of retail investors are generally composed of a number of diverse asset types. The level or tolerance to risk between one investor and another differs and hence, not only the composition of portfolios but also the diversity in terms of...

  • ETFs with a different geographical focus

    Many investors do not take advantage of diversified Exchange Traded Funds (ETFs) when they create a strategic asset allocation for their portfolio and the need for diversification. Below is an explanation of what an ETF is and also five ETFs with...

  • MSE Share Index halts 3-day negative streak

    After closing lower for the last three trading sessions, the MSE Share Index edged up by 0.22 per cent to 4,424.942 points today, reflecting the gains in the share prices of MIA, BOV, GO and MPC. Meanwhile, the three other active equities all...

  • Growing monopolisation in agriculture

    Growing monopolisation in agriculture

    The latest merger announcement between the pharmaceutical and agricultural giants, Bayer and Monsanto, represents the growing trend towards monopoly and overall market dominance. The prospect of this merger, compounded in significance by the...

  • Monsanto accept Bayer deal

    Monsanto accept Bayer deal

    Bayer first made an unsolicited offer for Monsanto of $122 a share in May this year. At the time Monsanto was trading in the high 80s; following the announcement the share price shot to over $110 per share. Monsanto rejected the deal though adding...

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