Money Matters: Firstline Securities Blog

In Europe: European stocks pause after rally, uptrend intact

17 September 2012

“There’s no need to wait for a pull-back because the trend is very strong…” Famous last words?

European stocks were down around midday on Monday as investors took a breather following a sharp two-week rally and a key index hit strong resistance, although the retreat could be short-lived as recent central bank moves boost risk appetite. Read more…

CAYMAN ISLANDS: Your Investment Home Away From Home?

6 September 2012

CAYMAN ISLANDS: Your Investment Home Away From Home?

No, this isn’t a vacation brochure by any means but I’m glad that I got your attention! This week we would like to highlight a credit that’s familiar to most financial institutions within the world of emerging markets.

Read more…

In T&T: T&T falls three spots Global Competitive ranking:

6 September 2012

“Poor work ethic…corruption; and access to financing,” all contributing to decline.

Trinidad and Tobago has fallen three spots in this year’s World Economic Forum’s Global Competitiveness ranking.

The country, which ranked 81 out of 142 countries last year, now ranks 84 out of 144. Read more…

In the U.S.: U.S. Stocks Rise As Draghi Announces Details Of Bond Plan

6 September 2012

Jobless claims at 1-month low, ECB’s agreement to “fully effective backstop”…risk on it is!

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for the first time in three days, as the European Central Bank announced specifics of its bond-buying plan and data boosted optimism in the labor market. Read more…

In Europe: Draghi Says Officials Agree On ECB Unlimited Bond-Buying

6 September 2012

You decide; necessary or bad precedent?

European Central Bank President Mario Draghi said policy makers agreed to an unlimited bond- purchase program to regain control of interest rates in the euro area and fight speculation of a currency breakup. Read more…

In T&T: Howai hints at ‘austerity’ in budget

5 September 2012

Finance Minister alludes to ‘belt- tightening’… quasi-austerity?

Trinidad and Tobago can expect some austere measures in the upcoming fiscal 2012-2013 Budget, Finance Minister Larry Howai has said. Read more…

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…

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