Investor digest

Investor digest

Discover the latest insights on local and foreign investment markets with our Investor digest, including expert commentary on market trends and developments.

The content is for informational purposes only and updated monthly.

USA

S&P500 ⬆️ 13.9%
NASDAQ ⬆️ 17.7%
DJIA ⬆️ 2.54%

Year to Date (YTD)

Commentary: US economic growth waned even further as official number indicated that GDP grew at annualized rate of 1.3% in Q1, down from the previous estimate of 1.6%. The US inflation rate also showed a tick in numbers, with a sharply reduced jobs’ hiring market. Throughout the June meeting, the FED opted not to cut interest rates and indicating that it will only cut by just a single quarter-point this year. The US stock market maintained its positive performance with the S&P 500 index up 13.9% and the tech-focused NASDAQ index up 17.7% YTD.

Europe & UK

Eurostoxx 50 ⬆️ 9.2%
FTSE 100 ⬆️ 5.6%

Year to Date (YTD)

Commentary: The EU saw an economic growth of 0.3% during the first quarter of the year. In spite of such meagre growth rate, this number is better than provisional expectations. GDP growth is now expected to be at 1% for the EU area and at 0.8% for the Eurozone throughout 2024. Albeit projected growth is lower than that forecast in the US, the EuroStoxx 50 maintained its good performance with the index up 12.3% YTD, as at mid-May 2024.

Malta

MALTEX ⬇️ 6.08%

Year to Date (YTD)

Commentary: Malta’s economy maintained its very positive GDP growth rate throughout 2024 with the Total Debt : GDP now hovering around the 50% mark. Fiscal deficit figures remained on the high side with the unemployment rate ticking up to 3.1% as at the end of April. Listed Maltese companies kept on issuing generally positive earnings season yet the Malta based MALTEX is still down by -6.08% YTD.

Upcoming local bond Issues which APS Bank plc will be acting as an Authorised Financial Intermediary

  • Hili Finance Company p.l.c 5% per annum Unsecured Bonds 2029 –
    Offer Period; Between 08:30 CET on 19 June 2024 and 12:00 CET on 10 July 2024 during which the Bonds are available for subscription, which offer period may close earlier with respect to any one or more classes of Applicants depending on the total level of subscription in the Bond Issue.

Source: Bloomberg
Last update: 14 June 2024

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Approved and issued by APS Bank plc, APS Centre, Tower Street, B’Kara BKR 4012. APS Bank plc is regulated by the Malta Financial Services Authority to carry out Investment Services activities under the Investment Services Act 1994. This Information has been accurately reproduced and no facts have been omitted which would render the reproduced Information inaccurate or misleading. This information shall not be deemed as investment, tax, or any other form of professional advice.

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