Wall Street is increasingly concerned a tumble in commodity prices and the latest sales numbers from Caterpillar portend a further slowdown in China.» Read More
That’s what the action in today’s stocks seemed to say. Here’s why that action was wrong.
Asian equities were mostly lower on Tuesday, as lingering doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits put the brakes on the impressive relief rally in global stocks seen on Monday.
Asian stock markets charged higher on Monday, led by Hong Kong and Sydney, following news that global policy makers unleashed a massive rescue package to contain the Greek debt crisis.
It was pretty wild out there. But instead of chalking this up as simply panic in the market, we should see it as a huge wake up call. All is not well.
Markets are likely to be more volatile and US markets are likely to outperform emerging markets in 2010, Marc Faber, author of the Gloom, Doom and Boom Report, told CNBC Wednesday.
Asian stock markets fell on Friday, led by Tokyo's 3.1 percent drop, after U.S. stocks plunged more than 3 percent lower triggered by Europe's debt crisis gathered speed.
The foreign exchange team at BNP Paribas are predicting euro/dollar parity within twelve months: “While we have had one of the most bearish forecasts in the market, these previous projections now appear too moderate given the current developments.”
One of the world’s leading producers of copper and gold is “encouraged” about the U.S. economy, its CEO told CNBC Wednesday.
The correction in stock markets has already started, Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets, told CNBC Wednesday.
And they’ll protect you from a slew of other negatives the bears are throwing around, too.
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The cars displayed were either environmentally friendly, fast or small and sometimes all three. Take a look at some of the highlights from the 2010 Beijing International Auto Show.
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Whenever I blog about the Beijing Auto Show I invariably get a slew of e-mails from people saying one of two things: Detroit is a more important auto show and/or who cares about what happens in China.
The global auto industry is driving out of a crisis, supported by increasing appetite from China, Carlos Ghosn, President and CEO, Nissan & Renault told CNBC Friday.