Economy & Markets
The important economic and stock market news that advisors need to know.
Spain Gets Extension as Bonds Suffer; Germany Denies Plans for Joint Bonds
By Marlene Y. SatterSpain, thought to be in danger of needing a bailout if Portugal was rescued, was granted a reprieve on its bank support system.
November 29, 2010
Ireland Bailout Fails to Reassure; Portugal Thought Next to FailInvestors were not reassured Monday by Ireland's bailout package, fearing that the contagion will spread debt troubles further in the European Union (EU), starting with Portugal.
November 29, 2010
Euro Still in Trouble, Ireland May Even Default, Says TEAM’s DaileyJames Dailey, CIO of TEAM Financial Managers in Harrisburg, Pa., said his opinion on the dire outlook for the euro and the European Union itself hasn't changed a whit despite the recent developments in Europe.
November 29, 2010
Cyber Monday Shoppers to Buy in Record Numbers; Black Friday ImpressesShoppers will hit online retail stores in record numbers this Cyber Monday after flooding the malls of America on Black Friday, according to the National Retail Federation.
November 28, 2010
BlackRock Issues Russia ETFThe benchmark index is a customized variation of the MSCI Russia Index
November 28, 2010
Debunking Myths about QE2There's much that QE2 is supposed to do for you. But will it?
November 28, 2010
Cyber Monday Trend GrowsCyber Monday is rivaling Black Friday for the volume of sales it stimulates online with 88.2% of retailers planning on offering special promotions.
November 28, 2010
Government Bond Yields of Greece, Ireland, Portugal, Spain Continue to RiseThe bond markets, worried that Ireland's political situation could upset bailout plans and fearing contagion to other euro zone countries, widened bond spreads and demand for U.S. 10-year Treasuries and the German bund rising on Friday.