Economy & Markets
The important economic and stock market news that advisors need to know.
CPI Jumped 0.5% in December, but Core Prices Are Tame
By Christopher S. RugaberConsumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation.
January 14, 2011
To Rein In Inflation, China Tightens Reserve RequirementsIn a continuing effort to reduce inflation and keep market bubbles from forming, China’s central bank on Friday raised required reserves for lenders for the fourth time in a bit over two months.
January 14, 2011
Euribor Rate Jumps on Inflation WarningIn the wake of warnings by the European Central Bank about inflation within the euro zone, the price of euro-based bank-to-bank lending rose by 1% on Friday.
January 13, 2011
German Economy Grows By 3.6%Strong domestic demand, rebound in exports cited as cause.
January 13, 2011
Goldman Sachs Predicts S&P Will Rise 18% in 2011A 'decent' year seen for Treasuries and 3.4% economic growth but moderate inflation
January 13, 2011
Jobless Claims Spike, but Trend Is Lower; PPI JumpsMore people applied for unemployment benefits last week after retailers shed temporary holiday employees, and the PPI jumped on the volatile food and energy sectors.
January 13, 2011
ECB, England Leave Rates Unchanged Despite Inflation PickupThe European Central Bank left its main interest rate unchanged on Thursday then warned that inflation may remain above its target for months to come.
January 13, 2011
Spain, Italy Sell Bonds to Strong DemandApparent confidence in the ability of the euro zone to combat its ongoing debt crisis marked the first auction for the year of Spanish and Italian bonds on Thursday.