Economy & Markets
The important economic and stock market news that advisors need to know.
Spanish Bond Yield Creeps Higher; Greece May Face Downgrade
By Marlene Y. SatterIn a Thursday bond auction, yields rose for Spain, Portugal and Italy as investors took on 2.4 billion euros in 10-year and 15-year bonds.
December 16, 2010
Merkel, Juncker Divisions Threaten EU MeetingAfter some public sparring matches among EU leaders over the best ways to tackle the debt crisis, those leaders claimed to have resolved their disagreements before their summit.
December 15, 2010
Obama Meets With Business LeadersPresident Barack Obama and 20 business leaders worked through lunch on Wednesday on ways to boost anemic U.S. job creation and improve their own testy relations amid rising anxiety over the slow economic recovery.
December 15, 2010
Outlook 2011, Finance Sector: KBW Eyes Bank Takeovers, Acquisitions by Big 4 BanksThe U.S. finance sector in 2011 will stop stockpiling money and start spending it, and that will include non-bank acquisitions among Big 4 banks, KBW forecast.
December 15, 2010
Ireland Passes EU-IMF Bailout PackageIreland’s Finance Minister Brian Lenihan pushed the bailout package through Parliament on Wednesday by a margin of only six votes, having some harsh words of his own for the protesters.
December 15, 2010
Factory Output Grows Again; CPI Is TameU.S. factory output grew for the fifth straight month in November, adding to evidence that manufacturing remains an engine of economic growth. Small increases in food and energy costs pushed the CPI up 0.1%.
December 15, 2010
FOMC’s Commitment to QE2 Is a Must for Markets, Analysts SayAnalysts weighed in on the Fed's decision to move ahead with its $600 billion QE2 plan, saying the need for U.S. job creation overrides any other economic concern, including inflation fears.
December 15, 2010
Moody’s May Downgrade Credit Rating of SpainMoody’s warned Spain on Wednesday that it might be in for a ratings downgrade, bringing that nation unwelcome attention before the start of a summit meeting of European Union (EU) leaders on Thursday.