Economy & Markets
The important economic and stock market news that advisors need to know.
Weber Not Candidate to Head ECB; Euro Falls on News, Euribor Rises
By Marlene Y. SatterEuropean sources said in a Reuters report on Wednesday that Axel Weber, head of the Bundesbank, Germany’s central bank, will not seek the top post at the European Central Bank when Jean-Claude Trichet’s term expires in October.
February 09, 2011
Republicans Grill Bernanke Over Inflation ThreatNew House Budget Committee Chairman Paul Ryan, R-Wis., sharply questioned Federal Reserve Chairman Ben Bernanke on Wednesday over whether the Fed's policies are raising the risk of rising inflation in the months ahead.
February 09, 2011
BondDesk Launches Its First Muni Report as Market Turmoil RisesFixed-income technology firm BondDesk has launched a free monthly municipal market report, written by Chris Shayne, which focuses on bond trading activity among retail investors.
February 09, 2011
Egypt’s Central Bank May Intervene Again; SocGen Could Take HitOn Wednesday, Egypt’s central bank, which intervened successfully on behalf of the pound on Tuesday, said that it might do so again if the need arose.
February 08, 2011
Rising Rates Should Accelerate Equity, Commodity Price DivergenceChina’s recent decision to raise the one year Yuan lending rate 25 basis points to 6.06% last night, most likely to fight increases in consumer…
February 08, 2011
JPMorgan Chase to Accept Gold as CollateralJPMorgan Chase announced Monday that it would begin accepting physical gold as collateral from counterparties, since an increasing number of its clients are using the precious metal as a hedge against inflation.
February 08, 2011
Egypt Scales Back Debt Sale, Supports PoundThe debt sale scheduled for Monday in Egypt that had been postponed from last week took place, but on a smaller scale than originally anticipated due to low demand.
February 08, 2011
China Boosts Interest Rates AgainFor the second time in less than six weeks, China raised its interest rates in its continuing battle against inflation at home.