Economy & Markets
The important economic and stock market news that advisors need to know.
NASDAQ Tracks Liquidity With Four New Water Indexes
By Danielle AndrusNASDAQ will roll out for new indexes on July 27 to track water industry companies.
July 21, 2011
Top 3 Reasons Investors Avoid Emerging MarketsSome investors even think the U.S. is an emerging market, which is why advisors need to offer better assistance on diversifying, a survey by The Hartford finds.
July 21, 2011
Greek Rescue Plan Sends European Bank Stocks SkyrocketingEuropean bank stocks skyrocketed Thursday on news that an EU emergency summit meeting has crafted a plan to aid Greece without any new taxes on banks.
July 20, 2011
Fiscal Q3 Earnings: TD Ameritrade's Decline Versus Prior QuarterTD Ameritrade announced quarterly earnings on Tuesday, reporting EPS of $0.27 on profits of $157.4 million compared with EPS of $0.30 on profits of $171.7 million in the prior quarter.
July 20, 2011
S&P Sees Deeper Europe Bank Crisis on Fears of Sovereign DefaultAhead of summit meeting, credit agency S&P raps stress tests; European Commissioner raps credit agencies.
July 20, 2011
Bond Experts Warn of Danger of Debt Ceiling ‘Turmoil’Failure to raise the U.S. debt ceiling, warn fixed-income experts, including Chris Shayne of BondDesk, could mean catastrophes including a sudden rise in interest rates and a crisis among institutional investors who are mandated to invest in triple-A rated bonds.
July 20, 2011
China Pushes U.S. to Resolve Debt Ceiling DisputeChina's currency regulator on Wednesday urged the U.S. to take steps to keep confidence in the dollar and avoid default. The message, posted on the regulator's website, was a response to questions about whether Beijing would be unloading Treasuries in the event of a downgrade of U.S. Treasuries.
July 20, 2011
EU Says Banks Must Boost Capital or Be FinedThe head of financial services for the European Union said Wednesday that banks failing to abide by new and stronger rules regarding liquidity and capital will be subject to fines of as much as 10% of turnover.