Economy & Markets
The important economic and stock market news that advisors need to know.
Portugal Might Seek Loan, Not Bailout; Bond Auction Bought Time
By Marlene Y. SatterContrary to reports over the weekend, a spokesman for Pedro Passos Coelho, leader of Portugal’s opposition Social Democrats, said that Passos Coelho had not indicated support for a bailout.
April 03, 2011
Interest Rates, Bernanke Speaks and Govt. Shutdown Looms—Advisor Briefing for the Week of April 4, 2011This week brings release of the March FOMC minutes and interest rate decisions by Japan, the ECB and the Bank of England.
April 01, 2011
Asset Allocation: April 2011If oil prices don’t go above $150 per barrel, it could be a good year, with mid- to high-single-digit growth in the S&P.
April 01, 2011
Boring No MoreOver the past couple of years, retail portfolio management has undergone a self-examination not seen since the mid-1980s.
April 01, 2011
First-Quarter Review: Equities Show Solid Gains, Bonds Have Mixed Results: Searching for Alpha for April 2011Little differentiation between the returns in growth and value stocks, but munis stage a comeback.
April 01, 2011
Unemployment Rate Fell to 8.8% on Gain of 216,000 Jobs in MarchThe Labor Department said Friday that factories, retailers, the education and health care sectors, and professional and financial services all expanded payrolls. Those job gains offset layoffs by local governments.
April 01, 2011
Portugal Bond Auction Buys TimePortugal held a snap auction of bonds on Friday to help it fund its second quarter. But while demand was strong, yields continued to rise, presenting a bleak outlook as Lisbon attempts to avoid the need to seek a bailout package.
April 01, 2011
Ireland Disappointed by ECB in Wake of Stress TestsIreland had hoped that the European Central Bank would announce a new funding plan on Thursday just after the results of stress tests on Ireland’s banks were made public.