Economy & Markets
The important economic and stock market news that advisors need to know.
China Cuts Portugal’s Credit Rating
By Marlene Y. SatterChina was once reported to be ready to purchase a substantial amount of sovereign debt from Portugal, but may now be rethinking that option, as its domestic credit rating agency, Dagong Global Credit Rating, cut Lisbon’s sovereign rating on Wednesday.
March 08, 2011
Senator Shelby Not Swayed by Fed Nominee's Nobel PrizeSen. Richard Shelby, the highest-ranking Republican on the Senate Banking Committee, said he plans to oppose the Massachusetts Institute of Technology professor's nomination to the Fed for a third time.
March 08, 2011
The rise of anti-financial populismResearch Senior Editor Ken Silber discussed the history of negative public attitudes toward the financial sector, on the Gabe Wisdom Show, Business Talk Radio, on 3/1/11.
March 08, 2011
Edward Jones Survey: Investors Upbeat, Divided by Gender on Sector FocusWomen say that technology will be the top-performing investment group in 2011, while men say its gold.
March 08, 2011
Spain Syndicates Bonds; Pressure Put on Portugal, Other PeripheralsThe announcement on Tuesday of a syndicated offering of a 15-year bond by Spain sent markets off with unease, driving yields up and putting pressure on other peripheral markets such as Portugal, which plans a bond auction of its own on Wednesday.
March 08, 2011
Gold, Oil Drop as OPEC Mulls Production IncreaseTuesday morning saw gold falling from record territory set Monday as OPEC said it would consider increasing production.
March 08, 2011
Strengthen Euro Bailout Fund: German Employers GroupGermany’s opposition to strengthening the European Financial Stability Facility, the rescue vehicle of the euro zone, has to end, while the country’s insistence on a euro zone competitiveness pact is “necessary and politically clever.”
March 07, 2011
Bad News, A Bullish Wall of Worry and Sell SignalsA VIX below 20 does not build a wall of worry.