Economy & Markets
The important economic and stock market news that advisors need to know.
EU to Investigate 16 Banks on CDS
By Marlene Y. SatterRegulators for the EU opened investigations into the credit default swap market on Friday, looking into whether 16 investment banks and Markit, the CDS market information provider, had abused a dominant market position or colluded in some way.
April 28, 2011
Bernanke Press Conference: The Message Was the Medium—News AnalysisThe Fed's Bernanke had something for everyone to hate in his first-ever press conference, but the main message of his moderate stance was the medium.
April 28, 2011
National Advisors Trust Announces 401(k), Fixed Income Agreements on Conference Second DayEPIC Advisors to provide private-label 401(k)s, AAM to provide fixed income options.
April 28, 2011
GDP Falters in Q1, Slowing to 1.8% Growth RateThe economy slowed sharply in the first three months of the year. High gas prices cut into consumer spending, bad weather delayed construction projects and the federal government slashed defense spending by the most in six years.
April 28, 2011
Eat Your Own Cooking? Pros and Cons of Investing With ClientsI’ve always been a proponent of investing in the same portfolios as clients.
April 27, 2011
Fed's Bernanke, in First Press Conference, Rules Out QE3Federal Reserve Board Chairman Ben Bernanke said during his first press conference that the economic recovery was “proceeding at a moderate pace and overall conditions in the labor market are improving gradually.” He also said the Fed was “looking carefully at inflation.”
April 27, 2011
Rate Shocks Could Hurt Peripheral Euro Zone States: Dutch Central BankThe Dutch central bank's concerns were voiced as the European Central Bank (ECB) said that it might further increase interest rates if inflation increases as the year goes on.
April 27, 2011
Japan's Outlook Cut on Earthquake CostsStandard & Poor's cut Japan's sovereign rating outlook on Wednesday from stable to negative, warning that a credit-rating cut will follow if the country cannot raise additional revenues.