Economy & Markets
The important economic and stock market news that advisors need to know.
GDP and the Euro, Housing and Retail Sales—and Tryptophan: Advisor Briefing for the Week of Nov. 22, 2010
By James J. GreenIn a Thanksgiving holiday-shortened week, some economic reports have been moved up on the schedule, but in addition to closely watching retail sales on Black Friday, the markets will digest reports on third-quarter GDP and a host of measures of housing's health.
November 21, 2010
Ireland Accepts Bailout From EUIreland formally accepted the need for a bailout, requesting help from the European Union and International Monetary Fund on Sunday.
November 19, 2010
Markets, LPL Trade Up Slightly for Day, WeekIPOs rise for a second day and other shares recover after falling 1.6% on Wednesday. LPL Financial moved up on its second day of trading by 1.46% to 32.60.
November 19, 2010
Bonds Still Spell Trouble for Ireland, GreeceIrish bonds fell Friday when Allied Irish Banks PLC announced that deposits had dropped 17% during the crisis. As the European Union (EU), International Monetary Fund...
November 19, 2010
Fed’s Bernanke Defends QE2, Slams China in Frankfurt SpeechChina came in for plenty of criticism in a speech by Fed Chairman Ben Bernanke at a European Central Bank conference in Germany.
November 18, 2010
New Greek Budget Cuts Deep; Strikes ThreatenedTaking draconian measures that include slashing from already austere public spending and raising taxes, Greece unveiled its new proposed budget on Thursday.
November 18, 2010
Jobless Claims Rose in Week; Philly Fed Index Up in NovemberA small rise in jobless claims, accompanied by positive news from the Philly Fed and the Conference Board, signaled Thursday that the U.S. economy continues its modest recovery.
November 18, 2010
Outlook 2011, Investing: Big Payoff From High-Dividend Stocks, MFS SaysU.S. stocks will rally in 2011, with an especially strong performance among high dividend-payers, a group of MFS Investment Management strategists predicted.