Economy & Markets
The important economic and stock market news that advisors need to know.
LPL Financial’s Kleintop Says Beige Book Economic Outlook Brighter
By John SullivanThe Beige Book economic report, a compilation of the 12 Federal Reserve districts, indicated Wednesday that the economy continued to improve.
December 01, 2010
Dollar Weakens After Month of Strong GainsVolker says the U.S. currency faces an uncertain future.
December 01, 2010
Strong Portugal Bond Sale Fuels Europe Market SurgeEuropean markets soared as Portuguese bonds made a strong showing at Wednesday's sale, despite euro zone concerns for the nation's financial stability.
December 01, 2010
ISM Manufacturing Report for November Shows 16th Month of GrowthU.S. manufacturing grew in November for the 16th consecutive month, the Institute for Supply Management (ISM) reported Wednesday.
December 01, 2010
With Profits Taken, Where Will Stock Prices Head in December?: Searching for Alpha for December 2010Looking back at the performance of the major market indexes in November and YTD, we discern the most likely direction for the stock and bond markets in December.
December 01, 2010
ADP, Challenger Reports Show Employment Growth Outpacing Job CutsPrivate-sector jobs rose by 93,000 in November, the ADP National Employment Report said Wednesday, while planned job cuts surged by 48,71, Challenger, Gray & Christmas reported.
December 01, 2010
Obama Deficit Reduction Panel Releases Revised Report; Final Vote DelayedThe co-chairs of President Barack Obama's deficit reduction commission released Wednesday a revised version of their plan to reduce the burgeoning deficit by $3.8 trillion through 2020, and also delayed the final vote until Friday.
December 01, 2010
Concern Spreads in Euro Zone as German Skepticism on Aid GrowsWorries over the state of the euro zone and its debt load continued to affect markets on Wednesday, as German skepticism on aid grows.