Economy & Markets
The important economic and stock market news that advisors need to know.
German High Court Clears European Stability Mechanism
By Marlene Y. SatterThe court turned back several challenges to the ESM, although it did attach conditions to the move.
September 11, 2012
PIMCO’s Gross Sees Lower Short-Term Rates, Higher Long-Term RatesMore wisdom from Bill Gross in 140 characters.
September 11, 2012
The barrier to breaking up the banksUsing federally insured deposits is one way big banks can keep their borrowing costs down, which is one of the big reasons they don't want to talk break-up.
September 11, 2012
Japanese Banking Minister DiesFinancial Services Minister Tadahiro Matsushita of Japan, who was at the helm of the insider trading crackdown that brought down Nomura Holdings' top to executives, has died. His death was ruled a suicide by police.
September 11, 2012
Moody’s Still Negative on U.K. Banks, but Exports IncreaseMoodys retained its negative outlook on U.K. banks, and luxury goods maker Burberry said it would disappoint on full-year earnings on slowing global sales. But the pound rose on news that the U.K.s trade deficit fell in July.
September 10, 2012
S&P 500 Should Soon Surpass 1,500 if History Is a GuideNearly seven decades of history foretell an immediate stock price surge following significant market drops, thus signaling a rally in the waning months of the year, S&P Capital IQ's Sam Stovall says in a new equity research report.
September 10, 2012
Greek Opposition Holds Out on Spending CutsPrime Minister Antonis Samaras ound the going tough over the weekend as he failed to convince all members of his coalition that additional austerity measures must be enacted to obtain the next tranche of rescue funding.
September 10, 2012
Hollande Calls for ‘Patriotism’ From Luxury CEOLVMH CEO Bernard Arnault, for his part, said he would continue to pay French taxes after filing for Belgian citizenship.