Economy & Markets
The important economic and stock market news that advisors need to know.
Flash Crash Update: FINRA, Exchanges Give SEC a ‘Limit Up-Limit Down’ Plan
By Joyce HansonFINRA and national securities exchanges have filed a proposal with the SEC for a “limit up-limit down” mechanism to address flash-crash volatility.
April 07, 2011
Russell Finds Money Managers Now Less Bullish on Emerging MarketsUnrest, inflation lead to decreased ardor for EM, according to Russell quarterly survey of money managers
April 07, 2011
ECB Hikes Rates; Bank of England Holds SteadyThe European Central Bank on Thursday raised interest rates by 0.25% to 1.25%, which had been expected for some time, while the Bank of England maintained interest rates at a record-low 0.5%.
April 07, 2011
Moody's Threatens Ratings Cuts to Small U.K. BanksSaying that it was reassessing smaller U.K. banks that might not be able to seek bailouts from the government in case of trouble, Moody's Investors Service on Thursday said that as many as 18 of those institutions might find their ratings on the chopping block.
April 07, 2011
Portugal Relents, Asking EU, IMF for Aidn a reversal of his previous position, Jose Socrates, caretaker prime minister of Portugal, asked for financial help for the country on Wednesday.
April 06, 2011
Govt. Shutdown Scenarios: SEC Enforcement to Slow, IRS Refunds to StopAs Democrats and Republicans dig in their heels on the budget under threat of impending doom, neither looks likely to budge and a government shutdown looks more and more inevitable.
April 06, 2011
2011 Q1 Earnings Preview: Asset Manager Outlook Overshadows Big BanksAs Q1 2011 earnings season begins, portfolio manager Richard Levine of Neuberger Berman Income Equity Fund expects good news from the finance sector.
April 06, 2011
Service Sector Expanded in March at Slower PaceThe U.S. service sector expanded in March for the 16th straight month, although growth slowed from the previous month's pace, which was the fastest in more than five years.