Economy & Markets
The important economic and stock market news that advisors need to know.
Confidence Levels Higher for Advisors, Investors and Consumers
By Joyce HansonAdvisors, investors and consumers expressed a boost in confidence in November, with major indexes measuring their attitudes all reporting increased levels in the last month.
November 30, 2010
Portugal’s Banks in Danger; Euro Zone Bonds HammeredTuesday morning the Bank of Portugal issued a financial stability report that warned the government to bring its public spending under control.
November 29, 2010
Spain Gets Extension as Bonds Suffer; Germany Denies Plans for Joint BondsSpain, 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
Shariah-Compliant Indexes Struggle in NovemberDow Jones reported Nov. 24 that several indexes tracking Shariah-compliant stocks fell in November.
November 29, 2010
President Obama Proposes Pay Freeze for Federal WorkersPresident Obama proposed a two-year pay freeze on federal workers and vowed to work to cut the ballooning budget deficit.
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.