Money Matters: Firstline Securities Blog

In T&T: We need US$300m for tourism, says Cadiz

4 July 2012

“Lack of coordinated marketing for Tobago will soon be a thing of the past.” Music to your ears?

Trinidad and Tobago needs US$300 million to promote its tourism product.

This was disclosed yesterday by recently appointed Tourism Minister Stephen Cadiz. Read more…

In the U.S.: Auto Sales In June Provided Bright Spot For U.S. Economy

4 July 2012

An ample helping of positive news to go along with your 4th of July BBQ!

The U.S. auto industry shrugged off a weakening labor market and waning consumer confidence in June, surpassing analysts’ estimates and completing the best first half for vehicle sales since 2008. Read more…

In Europe: European Stocks Decline From Two-Month High; HSBC Falls

4 July 2012

Back to reality? Seems as though “common sense is returning to the market.”

European stocks declined, dragging the Stoxx Europe 600 Index from a two-month high, as service- industry measures in the U.K. and Germany missed forecasts. U.S. index futures fell, while Asian shares advanced. Read more…

In T&T: TSTT names new acting chief executive officer

3 July 2012

New Acting CEO to steady the ship until Peon’s successor is appointed.

TSTT Chairman Mr Everald Snaggs yesterday announced the appointment of TSTT senior executive Dianna De Sousa, as the acting CEO of the majority state-owned telecommunications provider. Read more…

In the U.S.: U.S. Stock Futures Are Little Changed; Microsoft Falls

3 July 2012

Today’s shortened trading period looks to be a quiet one…factory data pending.

U.S. stock-index futures were little changed, indicating equities will halt a two-day rally that took the benchmark Standard & Poor’s 500 Index to an almost two-month high, as investors awaited a report on factory orders. Read more…

In Europe: Global shares rise as hopes of policy easing grow

3 July 2012

“Stimulus hopes” boost sentiment across global markets, but real sectors widely underperform.

Global shares rose on Tuesday as expectations rose that major central banks will take more action to support the world economy, after factory data highlighted the drag on growth from the euro zone debt crisis. Read more…

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.


Read more…

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…

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