Economy & Markets
The important economic and stock market news that advisors need to know.
Good Economic Signs: Retail Sales Rise, CEOs in Hiring Mood
By Associated PressA strong start to the holiday season is raising confidence that the consumer is back and that 2011 could be a better year for the economy than expected.
December 14, 2010
Moody’s Threatens Credit Downgrades for Belgium, U.S.Ratings agencies piled on the gloom early in the week as Moody’s maintained its negative outlook on Spain’s banking system and warned on Monday that the U.S. might be in for a downgrade in its credit rating if the tax cut deal becomes law.
December 14, 2010
Investment Managers Upbeat for 2011Both managers and financial advisors are optimistic, Russell surveys find, but clients aren’t.
December 13, 2010
Health Care Law Gets Key Part Voided by U.S. JudgePresident Barack Obama's historic health care overhaul hit its first major legal roadblock Monday, thrown into doubt by a federal judge's declaration that the heart of the sweeping legislation is unconstitutional.
December 13, 2010
Outlook 2011, Economy & Markets: LPL Sees Tepid Growth, Range-Bound StocksAdvisorOne is running a series targeting areas of importance to advisors and their clients called "Outlook 2011," which runs from Dec. 20 through the first days of January, kicking off with this look by LPL Financial on the economy and markets.
December 13, 2010
China Reserves Raised, Inflation Is TargetIn the wake of a bank reserve hike on Friday, the Central Economic Work Conference in China, chaired by President Hu Jintao, ended Sunday with the issuance of a policy statement that shifts toward fighting inflation.
December 13, 2010
Vote on Tax Cuts and Jobless Aid; Support for Euro: Advisor Briefing for the Week of Dec. 13, 2010This week's top news centers around taxes, estate planning and jobs, leavened by the final FOMC confab of the year.
December 12, 2010
EU Treaty to Change to Stabilize EuroEuropean leaders will amend the European Union (EU) treaty this week to accommodate the creation of a permanent European Stability Mechanism (ESM) that will begin in 2013.