Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Says Economic Recovery on Firmer Footing
By Associated PressThe Federal Reserve offered its most optimistic view of the U.S. economy since the recession ended, even as Japan's nuclear crisis stoked new worries around the globe.
March 15, 2011
Japanese Market Fears Appear OverdoneFactoring in Tuesday's 10.5% plunge in Japanese equities, it appears as though the market may be overreacting to the events in that country.
March 15, 2011
Irish Unemployment Tops 14%, Hits 17-Year HighUnemployment in Ireland has topped 14% for the first time since 1994, highlighting the dire financial challenges facing the new government of Prime Minister Enda Kenny.
March 15, 2011
Gold, Precious Metals Tumble on Japan Quake CalamityCommodity investors lost their taste for gold in a broad sell-off that saw precious metals tumbling along with oil and other commodities in the wake of Japan’s tragedy.
March 15, 2011
Nuclear Plant Crisis Drives Price Spikes in High Tech, Energy IndustryAs if the earthquake and tsunami that hit Japan on Friday weren’t enough, its present nuclear problems and resultant lack of energy panicked financial markets and sent companies all over the world scrambling to find alternate sources of supply for everything from auto manufacturing to shipbuilding to high-tech components.
March 15, 2011
Nikkei Plunges 10.6% as Hedge Funds Flee Market on Radiation FearsNuclear fallout spurred financial fears as Japan’s Nikkei saw its largest two-day drop since 1987 on Tuesday. Losing an additional 10.6% on top of Monday’s losses of 6.2%, the Nikkei share average was hammered by the mass rout of hedge funds, which beat mutual funds to the exits.
March 14, 2011
Staying Informed: Five Sites on Earthquakes, Nuclear Plants, TraumaFive sites with good information on the earthquake and tsunami, along with articles to keep current crises in historical context and yourself psychologically healthy after trauma.
March 14, 2011
SunGard Adds Interactive Data's Global Fixed-Income Info to MarketMapSoftware and IT services company SunGard has added global fixed-income information from Interactive Data to its MarketMap data terminals.