Economy & Markets
The important economic and stock market news that advisors need to know.
Confidence in Equities Reaches 10-Year High
By John SullivanBofA Merrill survey finds optimism on the part of money managers.
February 15, 2011
Retail Sales Move Higher; Housing Survey Still DownbeatAmerican businesses and consumers are giving the economy a boost by spending more, but the troubled housing market remains an obstacle, new data show.
February 15, 2011
FBR Initiates Coverage on Fifth Street Finance (FSC)The firm initiated coverage with an “outperform” rating and a $14.50 price target.
February 15, 2011
Interest Rates, Bank Reserves Set to Rise Further, as China Experiments With Deposit RatesAccording to a report from China’s think-tank State Information Center, under the National Development and Reform Commission, Beijing may increase banks’ required deposit reserve ratios from the present level of 19.5% to 23%
February 14, 2011
PIMCO Launches Broker-Dealer, So Advisors Can Buy DirectAdvisors can now buy PIMCO funds and ETFs through a new B-D, rather than going through Allianz. Led by CEO Mohamed El Erian, PIMCO is the 5th-largest U.S. fund family.
February 14, 2011
S&P/Harel Rolling Out Sector Indices for Israeli EquitiesHarel plans to issue two investment products that track the S&P/Harel TA Energy Index and the S&P/ Harel TA Telecommunication Index on Feb. 23.
February 14, 2011
S&P/Harel Rolling Out Sector Indices for Israeli EquitiesHarel plans to issue two investment products, the S&P/ Harel TA Energy Index and the S&P/ Harel TA Telecommunication Index on Feb. 23.
February 14, 2011
Budget Cuts and Bernanke Speaks: Advisor Briefing for the Week of Feb. 14, 2011Hearings scheduled on the budget and Dodd-Frank implementation, and inflation reports on the PPI and CPI, highlight the likely market-moving news of the week.