Economy & Markets
The important economic and stock market news that advisors need to know.
London Could Lose Out Over Eurozone Banking Union
By Marlene Y. SatterOpposition to an EU budget freeze and to Britains joining a eurozone banking union could cost the City of London its position at the top of the worlds financial centers.
October 31, 2012
Affluent Investors More Confident but Still on the SidelinesResults of a monthly survey show that affluent investors are a happier lot than they have been in the past half year, though they still have a way to go toward fairly being described as confident.
October 31, 2012
House Subcommittee to Release Review of MF Global CollapseThe House Financial Services Subcommittee on Oversight and Investigations said Wednesday that it expects to report the results of its yearlong investigation into the collapse of MF Global in the next few weeks.
October 31, 2012
PIMCO’s El-Erian Warns on Small-Business Hit From Hurricane SandyEl-Erian pinpoints four Frankenstorm outcomessome of them positive, some of them negative, and with one big question mark from Congress.
October 31, 2012
U.S. stocks to open after longest storm outage since 1888The last storm that knocked out the NYSE for two days dropped 21 inches of snow.
October 31, 2012
Anti-EU British Lawmakers Demand EU Budget CutRebels within Prime Minister David Cameron's own party have backed a Tory amendment introduced to make him negotiate a budget cut from the EU.
October 31, 2012
Leadership Change in China Expected to Boost Luxury Goods SalesOnce the political changeover is complete, expectations are that the funds will once again flow freely in acquisition of jewelry, gold bars and other tempting treasures bought as conspicuous business gifts.
October 30, 2012
UBS Reports Q3 Loss; Improves Advisor HeadcountProfits are up for UBS' U.S.-based wealth operations as the number of advisors tops 7,030 and net new money has improved.