Economy & Markets
The important economic and stock market news that advisors need to know.
Egypt’s Central Bank May Intervene Again; SocGen Could Take Hit
By Marlene Y. SatterOn Wednesday, Egypt’s central bank, which intervened successfully on behalf of the pound on Tuesday, said that it might do so again if the need arose.
February 08, 2011
Egypt Scales Back Debt Sale, Supports PoundThe debt sale scheduled for Monday in Egypt that had been postponed from last week took place, but on a smaller scale than originally anticipated due to low demand.
February 08, 2011
China Boosts Interest Rates AgainFor the second time in less than six weeks, China raised its interest rates in its continuing battle against inflation at home.
February 07, 2011
S&P 500 Companies Beating Estimates for SalesForecasts exceeded by largest margin since 2006.
February 07, 2011
Yield Spreads Augur Well for Equity, Muni GainsAccording to this WSJ article, the difference in the yield between junk bonds and Treasuries with similar maturities is at its smallest (about 1.3%) since…
February 07, 2011
Low P/E ETFs & Warren BuffettWould the Sage of Omaha find ETFs a convenient way to buy IPOs, nanotech or Chinese real estate?
February 07, 2011
Egyptian Pound Hits Six-Year Low; Debt Insurance Costs Fall as Banks ReopenEgypt was still the focus of financial as well as political turmoil on Monday as its banks reopened for business.
February 07, 2011
Vanguard Adds International Stock ETFXUS is linked to the MSCI All Country World ex-USA Investable Market Index, covering 98% of the world's non-U.S. markets