Economy & Markets
The important economic and stock market news that advisors need to know.
Moody’s Slashes Ireland’s Rating 5 Notches as EU Leaders Meet
By Marlene Y. SatterIn the wake of the approval of the EU-IMF rescue package for Ireland on Thursday, Moody’s on Friday slashed Ireland’s credit rating—not by an expected position or two but by five levels, from Aa2 to Baa1.
December 16, 2010
SIFMA Forecasts Municipal Bond Issuance to ClimbSurvey projects total $502 billion in new munis for 2011, up 16%.
December 16, 2010
Spanish Bond Yield Creeps Higher; Greece May Face DowngradeIn 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
Jobless Claims Lower; Philly Fed Saw Manufacturing Up in NovemberU.S. job creation inched forward last week, as unemployment claims were reported to be lower, while positive economic news out of Philadelphia showed more manufacturing demand.
December 16, 2010
Jobless Claims Lower; Philly Fed Saw Manufacturing Up in NovemberU.S. job creation inched forward last week, as unemployment claims were reported to be lower, while positive economic news out of Philadelphia showed more manufacturing demand.
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.