Money Matters: Firstline Securities Blog

Weekly Report – Natural Gas Mid-Year Recap

2 July 2012

2012 has thus far proven to be eventful, with risk of war with Iran flaring up (and then dying down), continued banking and sovereign debt crises in Europe, and rapidly changing supply-demand dynamics across both oil and gas in the U.S. The remaining 6 months of the year are promising to be just as interesting, as the same factors mentioned above persist in the marketplace.

In this edition, we will focus our attention on natural gas, with a separate report on crude oil prices to follow shortly.

NATURAL GAS

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In T&T: Cadiz, London talk tourism

2 July 2012

The goal is to make “Tobago, a hugely successful tourism destination.”

The revival of tourism in Tobago is back on the agenda with the swearing in of a new government minister.

Tobago House of Assembly (THA) Chief Secretary Orville London and Tourism and Transportation Secretary Assemblyman Oswald Williams have raised, with recently appointed Minister of Tourism, Stephen Cadiz, several areas of concern which are critical to the development of tourism in Tobago. Read more…

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

2 July 2012

“We still believe in the bull market.” Hope springs eternal?

U.S. stock futures are little changed, following the biggest June (SPX) rally since 1999 for the Standard & Poor’s 500 Index, as investors awaited data that may show manufacturing expanded at the slowest pace in eight months. Read more…

In Europe: European Stocks Rise On Asian Economic Data; Vestas Gains

2 July 2012

Asian manufacturing data, Euro pact, give markets a boost to start the week.

European (SXXP) stocks rose, with the benchmark index extending its longest stretch of weekly gains since January, as better-than-forecast manufacturing data in Japan and China boosted optimism Asia will drive global growth. U.S. index futures fell, while Asian stocks advanced. Read more…

In T&T: Kumar: TT has low work ethic

29 June 2012

“ECLAC has rated the Caribbean very low on productivity “it does not mean that the people are lazy.””

Representatives of labour, employers and Government have committed themselves to a social dialogue process that could impact positively on increasing productivity in Trinidad and Tobago (TT) which has been ranked low on the 2011-2012 Global Competitiveness Index. Read more…

In the U.S.: U.S. Stock Futures Rise As Europe Leaders Reach Agreement

29 June 2012

Euro fears quietened. Bank rally set to lift markets this morning.

U.S. stock futures advanced, indicating the Standard & Poor’s 500 Index will trim its first quarterly decline since September, after European leaders reached an agreement that alleviated concern banks will fail. Read more…

In Europe: EU deal for Spain, Italy buoys markets but details sketchy

29 June 2012

Broad plan agreed upon, but the fine print still needs tweaking in Europe.

Under pressure to prevent a catastrophic breakup of their single currency, euro zone leaders agreed on Friday to let their rescue fund inject aid directly into stricken banks from next year and intervene on bond markets to support troubled member states. Read more…

In T&T: $40m could fix port problems DOMA to Govt:

28 June 2012

New Minister of Trade and Industry receives early request from DOMA, to the tune of $40mm.

The Downtown Owners and Merchants Association (DOMA) yesterday said that a $40 million Government injection could fix the current problems at the Port of Port of Spain and save thousands of directly related jobs. Read more…

In the U.S.: U.S. Stock-Index Futures Fall As JPMorgan Drops On Report

28 June 2012

Jobs, waning consumer spending, Euro-unrest and JPMorgan all set to sober up markets after yesterday’s rally.

U.S. stock futures declined, indicating the Standard & Poor’s 500 Index will snap a two-day rally, as JPMorgan Chase & Co. (JPM) tumbled on a report that the lender’s trading losses may total as much as $9 billion. Read more…

In Europe: European shares extend losses in choppy trading

28 June 2012

Be careful what you wish for! European stocks retreat as hopes for shared debt liability are dashed (for now).

European shares extended losses on Thursday after a press report that Germany would move sooner than expected towards shared debt liability was denied by a finance ministry spokesman. Read more…

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