Economy & Markets
The important economic and stock market news that advisors need to know.
Banks Set for Better Year?
By Janet LevauxThe KBW Bank Index fell 25% in 2011, while the KBW Regional Banking Index lost 7%.
January 02, 2012
EU Expected to Nix NYSE-Deutsche Boerse MergerAlthough the decision is neither official nor public yet, the European Union is expected to recommend against allowing a Deutsche Boerse takeover of NYSE's Euronext as early as next week.
January 02, 2012
ECB Gets Two New MembersThe European Central Bank gained two new members on Jan. 1, and which of them will accede to the position of chief economist, vacated by Juergen Stark in 2011, remains to be seen.
January 02, 2012
Britain’s Cameron Promises to ‘Tackle’ Level of Finance PayIn his New Year speech, British Prime Minister David Cameron sought to offer encouragement to those having a difficult time getting by, and warned those who apparently were getting by too well in the financial industry that he would tackle excess in the City.
December 30, 2011
Spain to Raise Taxes, Cut SpendingSpains new Prime Minister Mariano Rajoy is taking tough steps to combat his countrys debt crisis, and has announced that while taxes will rise substantially, spending will be cut even more.
December 30, 2011
Euro Set to Record Second Annual Fall Against DollarAfter a year of battering, and on the verge of another anniversary, the euro is shrouded in doubt. As 2011 draws to a close it looks likely that the joint currency will record its second annual drop in value, something it has not done in 10 years.
December 30, 2011
Gold Headed for Bear Market: SorosAnalysts might be bullish on gold for 2012, but George Soros isn't so sure.
December 30, 2011
Factory Activity Slows in ChinaFalling factory activity in China, mirroring lower demand both among domestic and foreign customers, may force Beijing to turn to growth policies to keep its economy revved up.