Economy & Markets
The important economic and stock market news that advisors need to know.
Interest Rates, Bank Reserves Set to Rise Further, as China Experiments With Deposit Rates
By Staff WriterAccording to a report from China’s think-tank State Information Center, under the National Development and Reform Commission, Beijing may increase banks’ required deposit reserve ratios from the present level of 19.5% to 23%
February 14, 2011
S&P/Harel Rolling Out Sector Indices for Israeli EquitiesHarel plans to issue two investment products, the S&P/ Harel TA Energy Index and the S&P/ Harel TA Telecommunication Index on Feb. 23.
February 14, 2011
Budget Cuts and Bernanke Speaks: Advisor Briefing for the Week of Feb. 14, 2011Hearings scheduled on the budget and Dodd-Frank implementation, and inflation reports on the PPI and CPI, highlight the likely market-moving news of the week.
February 14, 2011
Muni Bonds Fall for 13th Straight WeekMuni bond outflows reached $1.2 billion in the week ending Feb. 9, compared with $1.1 billion in the prior period. Net outflows since mid-November are at $21.67 billion.
February 14, 2011
Obama's 2012 Budget Gives Big Boost to SEC, CFTCPresident Barack Obama unveiled his $3.73 trillion budget for FY 2012, which includes significant cuts to federal spending and investments but provides substantial budget boosts to the SEC and the CFTC.
February 14, 2011
The Interest Rate Question and Municipal Bonds, Part III: Is Now the Time to Buy?It’s likely, argues Ben Warwick after digesting the insights of PIMCO and James Grant, that the tax-free sector will get even more attractive.
February 14, 2011
China Passes Japan to Become 2nd Largest EconomyJapan confirmed Monday that China's economy surpassed its own as the world's second largest in 2010 and said a late-year downturn was its first quarterly contraction in more than a year.
February 14, 2011
Egypt Protest Spreads to Banks, State OfficesProtests haven’t stopped, instead changing their focus on Sunday to state-run offices.