Economy & Markets
The important economic and stock market news that advisors need to know.
IMF to Call on EU for Increase in Bailout Fund, Bond Purchases
By Marlene Y. SatterThe International Monetary Fund will urge governments in the European Union to increase the size of their rescue fund, and will also call for additional purchases of bonds by the European Central Bank.
December 03, 2010
The S&P 500 Will Rise 17% in 2011, Cambiar’s Barish PredictsEnergy and agriculture will fuel a “multi-speed recovery,” causing a 17% increase in the S&P 500 in 2011, according to Cambiar Investors’…
December 03, 2010
ECB’s Bond Purchases Steady MarketsThe European Central Bank (ECB) continued its existing bond-buying strategy throughout the week, and on Friday, Ewald Nowotny, an ECB governing council member, said it had so far purchased 67 billion euros’ worth.
December 03, 2010
CBO Chief Elmendorf Testifies on Tax and Deficit ProjectionsDoug Elmendorf's testimony before the Senate took a look at federal tax rates, tax bracket percentages and federal spending as a percentage of GDP in the recent past, as well as how these issues are trending for the near future.
December 02, 2010
RBC Consumer Outlook Index Highest Since Sept. 2008Most Americans believe spending cuts, tax increases are necessary to balance budget
December 02, 2010
First AIG Bond Sale Brings $2 BillionWednesday brought American International Group (AIG) one step closer to paying off its debt to the federal government after a bond sale that brought in $2 billion.
December 02, 2010
Chain-Store Retail Sales Soared in November; Weekly Jobless Claims RoseThursday's chain-store sales data confirmed initial reports of a shopping frenzy over the Black Friday weekend, despite the rise in jobless claims for the week of Nov. 27.
December 02, 2010
Eurozone Bank Crisis: ECB’s Trichet Will Not Expand Bond ProgramAnalysts were disappointed Thursday when the European Central Bank (ECB) announced it would not take any new action to ease concerns over contagion in the European Union (EU).