Money Funds Rose in Latest Week
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Assets of the nation's retail money market mutual funds rose by &#36;906.8 million in the latest week to &#36;833.01 billion, the Investment Company Institute said Thursday.
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The stock market rose for the week as upbeat economic news offset concerns about inflation and interest rates.
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Dividend increases are about more than just money.
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an improvement compared with the previous month&#39;s surge, but still fresh evidence that inflation is picking up as the economy gains momentum.
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Money managers this month boosted the proportion of assets held in cash to the highest level since March 2003, when a global stocks rally began, a Merrill Lynch &amp; Co. survey showed.
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Sterling continued to outperform the dollar after official figures showed British high-street spending was unexpectedly robust in August, helping to build the case for another rate hike by the Bank of England.
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Chinaâs currency rose steeply against the dollar this week, feeding speculation that Chinese authorities were allowing their currency to appreciate more rapidly.
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A strong rally on US and Asian markets overnight boosted the FTSE on Thursday.
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Interest rates on short-term Treasury bills rose in yesterday's auction to the highest levels in more than three years.
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The dollar strengthened to more than 28 rubles for the first time in a month Tuesday but traders said the Central Bank stepped in at 28.1250 to halt any further decline by the currency.
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Spending by banks and financial institutions on defending themselves against money laundering is soaring, a survey finds.
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The dollar hit three-week highs against  the euro and the yen on Wednesday, building on gains after the  minutes of the U.S. Federal Reserve's latest meeting suggested  the central bank might step up the pace of interest rate rises.
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Assets of the nation&#39;s retail money market mutual funds fell by $4.03 billion in the latest week to $828.98 billion, the Investment Company Institute said Thursday.
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It's time to give your funds a checkup.
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The European Central Bank and Bank of England flooded money markets with funds on Tuesday.
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Wall Street moved mostly higher as investors remained upbeat after the Federal Reserveâs interest rate cut last week.
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London equities moved higher in opening trade on Thursday, helped by buoyant financial stocks and a fresh set of bid talk.