Money Matters: Firstline Securities Blog

In the U.S: U.S. Stock Futures Fall On FedEx, Economic Reports

5 September 2012

“Barometer for the economy” shows signs of real sector decline.

“U.S. stock futures declined, signaling the Standard & Poor’s 500 Index may fall for a second day, as FedEx (FDX) Corp. cut its earnings forecast and reports showed economies are slowing more than anticipated. Read more…

In Europe: Euro, stocks rise to session highs on ECB report

5 September 2012

Who says the fun stops after summer? Look out, volatility ahead!

The euro and European stocks rose on Wednesday on media reports that the European Central Bank would, with broad support from its council members, unveil an unlimited, sterilised programme of bond purchases. Read more…

In T&T: Back to grind in St James/Woodbrook

4 September 2012

Without a proper stress test, how will we ever know if the plan was practical?

After a two-month reprieve, commuters were back to the usual rush- hour grind as school re-opened yesterday.

For those travelling through Woodbrook and St James, it was also the first working day since the experimental traffic plan—initiated July 16—was reversed, reinstating the original routes. The plan was reversed last Friday, the Independence Day holiday. Read more…

In the U.S.: U.S. Stock Futures Little Changed Before ISM Factory Data

4 September 2012

“People…trying to get their minds wrapped around the market again.” Tell me about it!

U.S. stock futures were little changed, following a two-week decline in the Standard & Poor’s 500 Index, before a report on American manufacturing and as European leaders prepared for talks to address the debt crisis. Read more…

In Europe: European shares fall, led by Swiss market after GDP

4 September 2012

Who will provide a solution as “I don’t think that they themselves necessarily know how to fix the crisis.”

European shares fell on Tuesday as investors turned cautious in the run-up to a European Central Bank (ECB) meeting, with the Swiss market lagging after figures showed an unexpected contraction in the country’s economy. Read more…

In T&T: Home mortgage rates going down

3 September 2012

As good a time as any to borrow? Lower reference rates say ‘Yes.’

Residential mortgage rates are continuing to trend downward, the Central Bank has said.

The Central Bank last year established mortgage rate guidelines to help real estate customers in Trinidad and Tobago. Read more…

In the U.S.: Obama Touts Financial Law As Romney Takes Bankers’ Checks

3 September 2012

With U.S. market closed, we examine the costs of (re)election.

President Barack Obama’s estrangement from Wall Street is costing him money in fewer campaign donations even as it is fueling his argument for re- election. Read more…

In Europe: Greek PM sings in tune, now must hit the hard notes

3 September 2012

Greece looking to make “first step is to regain credibility.”

When Jean-Claude Juncker, head of the euro zone’s finance ministers, arrived in Athens last week, Greek Prime Minister Antonis Samaras ran down red-carpeted steps to envelope him in a warm embrace. Read more…

In T&T: First Citizens cleared to buy Butterfield Bank

29 August 2012

Local bank (officially) set to makes waves just north of our shores…USD 45mm worth!

State banking group First Citizens announced yesterday that regulators in both Barbados and Trinidad and Tobago have approved the purchase of Butterfield Bank (Barbados) Ltd by the local Group and that payment has been made by First Citizens for 100 per cent of the shares of Butterfield Bank (Barbados) Ltd from the Bank of NT Butterfield & Son Ltd. Read more…

In the U.S.: U.S. Grew Faster Than First Estimated In Second Quarter

29 August 2012

As markets await Jackson Hole, 2nd quarter results are still unable to defy “slow-growth mode.”

The U.S. economy expanded more than previously estimated in the second quarter, reflecting an improvement in the trade deficit and a pickup in household spending on utilities. Read more…

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