Economy & Markets
The important economic and stock market news that advisors need to know.
Ireland Slashed to Junk; EU Considers Greek Default
By Marlene Y. SatterMoody's downgraded Ireland's debt to junk status as the EU pondered options to deal with the crisis in Greece.
July 12, 2011
Chinese Lending Gains MomentumEfforts by China failed to slow down loans given by banks in the second quarter.
July 12, 2011
Euro Zone Pledges Help for Greece, But Sets No TimetableEuro zone ministers discuss ways to help Greece out of its debt crisis as fears mount of the spread of problems to Italy and Spain.
July 11, 2011
Top Portfolio Products: First Trust ISE Cloud Computing Index Fund; Goldman India and Korea FundsThis week in new products, ISE announced a First Trust cloud computing ETF while Goldman Sachs launched funds focused on India and Korea.
July 11, 2011
Debt Talks Collapse on TaxesLed by House Speaker John Boehner, Republicans say they won't allow for any tax increases to offset spending in the $4 trillion "grand bargain" proposed by President Obama.
July 11, 2011
EU Calls Emergency Meeting Over Italy DebtConcerns mount over third largest economy in euro zone's sovereign debt while Greece still totters.
July 08, 2011
Falling Employment Can’t Faze MarketsThe private sector only created 18,000 jobs last month, short of even the most pessimistic forecast.
July 08, 2011
South Korean Olympics Offer Opportunity for InvestorsIn the wake of Wednesday’s news that Pyeongchang, South Korea has been awarded the 2018 Winter Olympics, IndexIQ on Thursday presented reasons for investors to watch for potential growth in the South Korean economy.