Money Matters: Firstline Securities Blog

In Europe: European shares slip on China slowdown, Spain worries

20 September 2012

Modest day of trading ahead as “stimulus… takes a while to kick in.”

European shares fell in thin trade on Thursday as disappointing Chinese manufacturing data weighed on cyclical stocks and euro zone banks continued to retreat on uncertainty about if and when Spain would apply for a bailout. Read more…

In T&T: Distributor calls for food tax break

18 September 2012

A way to (partially) relieve the high incidence of tax on local food consumers?

Removing import duties and value added tax (VAT) on certain staple goods would help reduce food costs, a prominent food distributor has said. Read more…

In the U.S.: U.S. Stocks Fall on Concern Over Europe as FedEx Slump

18 September 2012

Is 1500 still likely with all this uncertainty?

U.S. stocks fell, after the Standard & Poor’s 500 Index rose to the highest level since 2007 last week, as FedEx Corp. (FDX) slumped and concern grew that Europe’s leaders will struggle to resolve their debt crisis. Read more…

In Europe: European shares fall as valuation concerns weigh

18 September 2012

Bottom line: “the economy is weak in Europe and not very strong in the U.S.”

European shares were ebbing further away from 14-month highs around midday on Tuesday, as doubts about the wider economy heightened valuation worries. Read more…

In T&T: Clico bond update

17 September 2012

New (but not specific) deadline for NEL2 setup…expected “pick-up in acceptance and trading” toward the end of September.

Last week, Finance Minister Larry Howai promised that by year’s end there would be a resolution to the Government’s Enhanced Payoff Regime geared towards CLICO/BAT policyholders.

Read more…

In the U.S.: U.S. Stock-Index Futures Fall After Last Week’s Rally

17 September 2012

“You have to wonder if markets have not got slightly ahead of themselves…” A good time to be cautious I’d say.

U.S. stock-index futures fell, after the benchmark Standard & Poor’s 500 Index rallied last week to its highest level since 2007, as manufacturing in the New York region contracted more than forecast in September. Read more…

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…

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