Money Matters: Firstline Securities Blog

In T&T: Budget of deception

8 October 2012

Strong words, as concerns on Heritage and Stabilisation Fund (among other items) are expressed.

ENERGY expert Gregory McGuire has warned that the country is living beyond its means and will face disaster should oil prices plummet for an extended period. Read more…

In the U.S.: U.S. Stock Futures Fall Before European Officials Meets

8 October 2012

Spain, Greece, Chavez victory, earnings season…a lot to digest during Columbus Day.

U.S. stock futures fell, following last week’s rally in benchmark indexes, as European finance ministers prepared to meet to discuss the region’s debt crisis. Read more…

In Europe: European shares fall as market braces for weak profits

8 October 2012

“We’re still quite cautious about the market,” just as you should be!

European shares fell early on Monday as investors braced for a weak third-quarter earnings season and the prospect of a greater-than-expected economic slowdown in parts of Asia. Read more…

In T&T: Car dealers watching sales

5 October 2012

Furore over gas price hike continues, affects those other than users of “higher-end models.”

New car dealers operating in Trinidad and Tobago say they will be watching sales in the coming months to determine if the price hike in premium gasoline affects what models of vehicles motorists buy. Read more…

In the U.S.: U.S. Stock Futures Rise as Jobless Rate Declines

5 October 2012

Turning point in Presidential race? “Today’s employment report is the penultimate before the November elections.”

U.S. stock futures rose, with the Standard & Poor’s 500 Index heading for the first weekly gain in three, after data showed the nation added 114,000 jobs last month and the unemployment rate unexpectedly fell. Read more…

In Europe: European shares spike higher ahead of U.S. data

5 October 2012

“Markets have been positioning for a possible upside surprise.”

European equity markets extended gains in mid-session trade on Friday, with investors squaring positions ahead of a key U.S. jobs report later in the session, where risks are seen skewed to the upside. Read more…

In T&T: Economist: Real jobless rate 16-20%

4 October 2012

Private sector employment…true driver of economic growth?

The unemployment rate in Trinidad and Tobago is deflated because State programmes soak up excess labour, giving the impression the economy is in full employment when it really is not, economist Indera Sagewan-Alli has said. Read more…

In the U.S.: U.S. Stock Futures Gain on Better-Than-Forecast Jobs Data

4 October 2012

No reaction to last night’s Presidential Debate? Better jobs numbers rule proceedings thus far.

U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will climb for a fourth day, as jobless claims increased less than economists forecast and European policy makers held borrowing costs at record lows. Read more…

In Europe: Exclusive: Euro zone considering bond insurance for Spain – sources

4 October 2012

Market likely to be optimistic with “growing expectations that Madrid will apply for assistance.”

The euro zone is considering aiding Spain by providing insurance for investors who buy government bonds in a move designed to maintain Spanish access to capital markets and minimize the cost to European taxpayers, European sources said. Read more…

In T&T: 44% GAS HIKE

2 October 2012

Super + gas treatment time? Gov’t seeks to enhance competitiveness and revenue stream by phasing out fuel subsidy.

Motorists who use premium gas will be the main persons to feel the pinch from Minister of Finance Larry Howai’s first budget, presented yesterday in the Parliament. Read more…
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