Economy & Markets
The important economic and stock market news that advisors need to know.
Weak Bond Worries Dog EU
By Marlene Y. SatterThe announcement of a sale of bonds from Portugal on Thursday drove investor worries on Friday as concerns over demand surfaced in the market.
January 06, 2011
Weaker Jobless Claims Report, Retail Sales Push Down StocksStocks slipped Thursday after the government reported an increase in applications for unemployment benefits last week.
January 06, 2011
Volcker Leaving Obama Economic Advisory GroupFormer Federal Reserve Chairman Paul Volcker is ending his term as chairman of President Barack Obama's economic advisory panel next month, a person familiar with the situation said Wednesday.
January 06, 2011
French Bonds Sell Well; China to Buy Spanish DebtClosing out a week of AAA-rated government debt offerings in Europe, France on Thursday placed nearly 9 billion euros ($11.786 billion) of bonds to strong demand, while China would reportedly buy approximately 6 billion euros of Spanish debt.
January 05, 2011
Morningstar's 2010 Fund Managers of the Year Hail From Sequoia, Janus and TempletonReturns at funds led by the top managers range from 12.7% to 19.5% last year, Morningstar reports.
January 05, 2011
20 Counties Achieve 'AAA' Debt Rating Despite RecessionNew report from Standard & Poor’s finds size, location not a factor.
January 05, 2011
Service Sector Grows at Fastest Pace Since '06; ADP Shows Solid Job GrowthStrong consumer demand pushed a key measure of the economy's service sector to its highest level in more than four years, the latest evidence that the economy is gaining strength and job growth could pick up in the new year.
January 05, 2011
Russell Global Index Up 15.2% in 2010Philippines is the top market worldwide with a gain of 77% last year