Economy & Markets
The important economic and stock market news that advisors need to know.
Greece Expected to Pass Austerity Despite Protests
By Marlene Y. SatterEven though protests erupted into violence, it looked likely that Greece's Parliament would pass the tough austerity measures demanded by the EU and IIMF in exchange for the next tranche of funding to ward off default.
June 27, 2011
Are Money Market Funds in Danger?At issue is whether the hefty exposure of money market funds to European debt securities, especially as Greece's economy wobbles under the weight of its problems, make those funds vulnerable to breaking the buck, which in turn could lead to a run on the funds.
June 27, 2011
S&P’s Stovall Predicts Weak Q2 for Stock EarningsS&P chief investment strategist Sam Stovall predicts that second-quarter stock earnings will show a weak performance across all U.S. sectors.
June 27, 2011
China Struggling to Curb Inflation: WenChina's goal of keeping inflation under 4% may be tough to reach even as it expects its economy to continue to grow, Premier Wen Jiabao said Monday.
June 27, 2011
PIMCO Expert on Inflation: ‘Goldilocks Days’ Are OverPortfolio manager shares ways to invest in a world with rising commodities and other prices.
June 27, 2011
Russia Is the Next Greece: World Bank EconomistBig infrastructure projects, including hosting the 2014 Winter Olympics in Sochi and 2018 World Cup, will create an additional burden for the budget, according to World Bank economist Sergei Ulatov.
June 27, 2011
PIMCO’s El-Erian: Europe at Risk Over Greek DebtMohamed El-Erian, head of PIMCO, says that a restructuring of Greek debt is inevitable and that failure to address the country's problems correctly could contaminate the rest of Europe.
June 27, 2011
Wall Street Optimism: S&P 500 Sales Forecast Doubles Amid Stagnant MarginsDespite a slew of negative economic reports in recent weeks, analysts are increasing sales forecasts for Standard & Poor’s 500 Index companies. Bloomberg reports the increase could be most in three years.