Global markets giving a nod to the latest U.S. economic data

Global markets start the week strong, thanks to U.S. economic news. Plus: Schwab IMPACT coverage, Wall Street prophets, Veterans Day. Expertly curated by <i>InvestmentNews</i> senior columnist Jeff Benjamin.
NOV 12, 2013
European equities opened the week on a positive note following the stronger economic data out of the U.S. last week. Keeping an eye on the Fed's tapering plans The latest U.S. data is also helping to support the strength of the dollar. Holding near a two-week high Be warned, Wall Street prophets can be wildly off the mark, as witnessed by the performance of consumer discretionary stocks. The year's hottest sector was supposed to be the worst If you're not among the 1,500 financial advisers in D.C. this week for the Schwab Impact gathering, here is what's happening and how to stay on top of it all. Is Barack Obama already a lame duck? Follow IN reporters Liz Skinner @skinnerliz and Jason Kephart @JasonKephart for complete conference coverage. Setting the stage The U.S. equity market continues to ignore and separate from the Obama economy. Third-best post-re-election market run since the 1930s To all my fellow military veterans, here are some wonderful examples of the kind of appreciation proudly displayed on this Veterans Day. Semper Fi. Complimenatry meals, haircuts, even financial advice For everyone else, here are 10 ways to thank a veteran today

Latest News

Trump to name new Fed governor, jobs data head in coming days
Trump to name new Fed governor, jobs data head in coming days

President says he has a ‘couple of people in mind’ for central bank role.

JPMorgan’s asset management arm targets Europe retail investors in active ETF tie-up
JPMorgan’s asset management arm targets Europe retail investors in active ETF tie-up

Wall Street firm partners with Dutch online broker to fuel push into EU market.

UBS to settle outstanding Credit Suisse RMBS case with $300M payment
UBS to settle outstanding Credit Suisse RMBS case with $300M payment

Agreement with the US Department of Justice comes eight years after settlement.

GeoWealth secures $38M in funding round led by major alternative investment manager
GeoWealth secures $38M in funding round led by major alternative investment manager

Series C funding will accelerate unification of TAMP’s model portfolios.

No succession plan? No worries. Just practice in place
No succession plan? No worries. Just practice in place

While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.