Economy & Markets
The important economic and stock market news that advisors need to know.
Productivity Grew Worldwide in 2010; Future Unclear
By Marlene Y. SatterAccording to data reported Monday by The Conference Board, even though employment lagged in 2010, GDP in most countries recovered well from the financial downturn and productivity grew.
January 17, 2011
Euro Backs Off Lows, but Europe Fund Worries LingerBefore euro zone finance ministers met on Monday to discuss the European Financial Stability Facility, the euro dropped substantially over concerns that no solution would be quickly forthcoming.
January 14, 2011
Retail Sales, Industrial Production Rose in DecemberRetail sales rose for a sixth consecutive month in December, with big gains in sales of autos and furniture. And industrial production showed gains in every month but one in 2010.
January 14, 2011
CPI Jumped 0.5% in December, but Core Prices Are TameConsumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation.
January 14, 2011
Big Dividends and Momentum: BDCs Offer BothBusiness development companies (BDCs) represent a unique sector of the market.
January 14, 2011
2010 Q4 Earnings: JPMorgan Profits Surge 47%, Beating ForecastsJPMorgan Chase kicked off the finance sector's Q4 2010 earnings season with a report showing the bank’s quarterly profits rose 47% to $4.8 billion.
January 14, 2011
To Rein In Inflation, China Tightens Reserve RequirementsIn a continuing effort to reduce inflation and keep market bubbles from forming, China’s central bank on Friday raised required reserves for lenders for the fourth time in a bit over two months.
January 14, 2011
Euribor Rate Jumps on Inflation WarningIn the wake of warnings by the European Central Bank about inflation within the euro zone, the price of euro-based bank-to-bank lending rose by 1% on Friday.