Bryn Jones, head of fixed income at Rathbones, says six percent of the European high yield market is junk and many investors are not being compensated for taking these risks.» Read More
U.S. Treasuries rose Thursday as the market digested a government debt auction with ease and investors found more reasons to seek safe-haven investments in bonds.
You think you're a long-term investor? Vanguard funds founder Jack Bogle was on our air this morning, and I talked with him on the phone shortly after. He told me has been dollar cost averaging since 1951, when he first invested in a defined contribution benefit plan.
European stocks closed mainly in positive territory, helped by a morning rally in the U.S.
U.S. government bonds rallied on Tuesday, as stocks tumbled on fresh concerns over the health of credit markets and the troubled housing sector deteriorated further.
U.S. Treasury debt prices rose Monday, supported by more evidence of a weak U.S. housing market and lingering concerns about liquidity in credit markets.
European stocks closed mixed in the afternoon session Monday, after European Central Bank President Jean-Claude Trichet kept the options open for euro-zone rate moves ahead of an ECB monetary policy meeting next week.
Stocks futures are meandering on both sides of the unchanged mark after stronger-than-expected durable goods orders and investors now await new home sales data due at 10 am New York time.
The hot topic on the Street is the probability of a recession. Robert Albertson, chief strategist at Sandler O'Neill, and this morning Angelo Mozillo, CEO of Countrywide both voiced fears that a recession was coming. Opinions are sharply divided on this. David Bianco, UBS' Equity Strategist, said earlier this month that the S&P seems to be signaling a "financial sector recession" (i.e. that a recession is expected to mostly affect financial sector profits).
Stoked by positive developments on the credit and mortgage front, stocks are building on yesterday's gains and look ready to spring higher on the open.
Wall Street prepares for lift off on the opening amid calmer credit markets, higher world stock markets and some merger news. European stock markets are comfortably higher, and Asia closed higher though Japan stocks were flat on the rising yen.
Struggling subprime mortgage lender Accredited Home Lenders Holding on Tuesday said it agreed to sell $1 billion of home loans to an unnamed investor, a move it said would limit its exposure to margin calls.
Stock traders will be looking over their shoulders at the credit markets as a furious flight to quality into Treasuries keeps the pressure on stocks prices. For now, stock futures are higher and look set for a firmer opening.
Wall Street is set for a higher open after world stock markets rebounded in a Fed-inspired relief rally. Tokyo stocks were up 3%, the biggest gain in more than a year, in its first trading day since the Fed move. European stock markets, up sharply Friday, continue to rise this morning.
A bruising selloff in world stock markets is about to extract more pain on Wall Street, where stock index futures are pointing to a sharply lower opening.
Wall Street is bracing for a weaker opening, joining a sell off in stock markets around the world. Europe's major markets were lower after a selling spree across Asian markets, sparked by credit fears.
Stocks start the week on firmer ground after central bankers once again pumped cash into the markets, injecting confidence and liquidity. Stock markets around the globe gained, and U.S. stock futures are higher.
Credit markets are likely to remain volatile in the short term on investors’ persistent fear of risk, despite another cash injection into the banking system by the ECB on Monday, Jeroen Van Den Broek, Head of Investment Grade Credit Strategy at ING Wholesale Banking, told “Worldwide Exchange.”
Wall Street is bracing for a sharply lower open as fears of a global liquidity crisis pound stock markets worldwide. Central banks around the globe stepped in to inject funds into the banking system and pump confidence back into markets, wary of the continued ripple effect of the U.S. subprime mortgage fallout.
Financial stocks got hammered again on Thursday as renewed credit worries scared investors away from the sector. Housing stocks, however, showed surprising strength even with the growing problems in the subprime mortgage market.
The revelation that a unit of French bank BNP Paribas temporarily suspended three of its funds injected new fear into the markets, driving global stock sharply lower and casting a fresh chill across credit markets. The market fallout from BNP has reignited market speculation that the Fed will move to cut rates sooner, rather than later.