Economy & Markets
The important economic and stock market news that advisors need to know.
ECB Official Espouses Low Rates, Says Funding Limits Reached
By Marlene Y. SatterJuergen Stark, a member of the European Central Bank's (ECB) executive board, said in an interview with the Portuguese newspaper Publico that despite the recent increase in interest rates that the ECB put into effect, rates were still very low and encouraging to growth.
April 18, 2011
Lifecycle of an SMA: Kirk Barneby and Interest Rate Risk InvestingA Rydex mutual fund--the Rydex/SGI Long Short Interest Rate Strategy Fund--launched last July, but its roots go back to the 1970s.
April 18, 2011
White House, Treasury Criticize S&P's Negative OutlookWhite House economic advisor Austan Goolsbee calls S&P's move a ‘political judgment that doesn’t deserve much weight.’
April 18, 2011
2011 Q1 Earnings: Citi Reports Lower Profits, SalesNet income drops 32%, but EPS are $0.01 ahead of analysts’ expectations.
April 18, 2011
Saudis Cut Oil Production, Say Market Is OversuppliedAli al-Naimi, the Saudi Arabian oil minister, said Sunday that the kingdom had sliced its oil output by some 800,000 barrels per day in response to what he said was an oversupply, despite soaring prices.
April 18, 2011
Finland Election Could Doom Portugal BailoutThe anti-euro True Finns, a populist party opposed to the terms of the EU bailout agreed upon for Portugal, swept into third place in the country's government, quadrupling its share of the popular vote to do so. Its leader Timo Soini has called for changes in Portugal's bailout plan.
April 18, 2011
Geithner, Ryan Clash Over Government Debt LimitTreasury Secretary Timothy Geithner said Sunday that Republicans had assured the president that they would raise the debt limit, but Rep. Paul Ryan, R-Wis., said that no such deal had been made and an increase in the debt limit would have to come as part of a deal on spending.
April 18, 2011
Earnings, Housing, Taxes and Oil—Advisor Briefing for the Week of April 18, 2011Earnings season is in full swing and we get readings on the housing market as many watch oil prices.