Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s El-Erian: Portugal Actions Represent ‘New Phase’ in European Debt Crisis
By John SullivanPortugal’s decision to follow Greece and Ireland in seeking a European Union-led bailout may mark a watershed in the region’s debt crisis, according to PIMCO chief Mohamed El-Erian.
April 08, 2011
Portugal Must Accept Tough Conditions for Aid: Euro Zone MinistersDespite the fact that its parliament voted against new austerity measures, Portugal must accept reforms that go even further than the ones it just rejected as conditions for its bailout package, euro zone ministers said Friday following Portugal’s request for a bailout.
April 07, 2011
The Marketing Alliance releases third-quarter resultsThe Marketing Alliance, headed by President Timothy M. Klusas (pictured), recently announced financial results for its fiscal third quarter, ended Dec. 31, 2010. Click the headline for more information.
April 07, 2011
Flash Crash Update: FINRA, Exchanges Give SEC a ‘Limit Up-Limit Down’ PlanFINRA and national securities exchanges have filed a proposal with the SEC for a “limit up-limit down” mechanism to address flash-crash volatility.
April 07, 2011
CBO Says Ryan Budget to Raise Deficit in Short Term, Cut It in Long TermAn analysis by the CBO found on Tuesday that the long-term budget plan unveiled by Rep. Paul Ryan (R-Wisc.), chairman of the House Budget Committee, would increase the deficit relative to the GDP in the first 10 years, then would reduce it significantly after that.
April 07, 2011
Gold, Silver ETFs Pull Back as Copper Moves HigherThe iPath DJ-UBS Copper Total Return Sub-Index ETN rises nearly 1% on Thursday.
April 07, 2011
Russell Finds Money Managers Now Less Bullish on Emerging MarketsUnrest, inflation lead to decreased ardor for EM, according to Russell quarterly survey of money managers
April 07, 2011
ECB Hikes Rates; Bank of England Holds SteadyThe European Central Bank on Thursday raised interest rates by 0.25% to 1.25%, which had been expected for some time, while the Bank of England maintained interest rates at a record-low 0.5%.