Werner Husmann, President for Asia Pacific at Steinway & Sons, highlights the rise of wealthy individuals in China as one of the factors fueling its business in the mainland.» Read More
Asian markets snapped a four-day slide Friday and government bond yields climbed after upbeat U.S. factory and jobs data provided more evidence that the global economy is recovering from its deep recession.
Futures popped a few points as continuing claims for unemployment recorded its first weekly drop since January. While last week was a record high (about 6.8 m), this at least is a step in the right direction.
Asian markets struggled Thursday, with some investors booking profits in the last days of the second quarter after big gains scored on signs the global economy is starting to recover.
Find out why Cramer says this is a bad move. Plus, get calls on retail, biotech, the housing bottom and more.
The emerging markets of Brazil and China have led the global stock markets this year, but now options traders are looking for a pullback.
Most stocks in Asia edged lower Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped to $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.
The leaders of the BRIC nations (Brazil, Russia, India and China) are meeting today in Russia to discuss everything from the financial crisis to the U.S. dollar. Wendy Trevisani, co-portfolio manager of Thornburg Investment Management, discuss the importance of the BRICs and the best places to invest.
Russia proposed a new world reserve currency that would be issued by international financial institutions to reduce reliance on the U.S. dollar. However, Liam Halligan, chief economist at Prosperity Capital Management said the west does not need to be scared, but should learn to “cohabitate” and share the prosperity around the globe.
Asian markets extended losses Tuesday, in the wake of Wall Street's biggest tumble in a month, while government bonds and the yen rose, as investors cut down on riskier assets, demanding evidence of a sustained recovery.
Traders are eager to see what comes out of the BRIC summit, Tuesday. Will it generate a new and powerful coalition?
Asian markets edged lower Monday and pulled back from eight-month highs hit earlier this month, as investors fretted over whether the global economy had improved enough to justify a further rally.
Is this the inflection point? For weeks there has been a simple trade going on which has made a lot of money for the participants: go long commodity and techs, and short bonds and the dollar.
The 30-year Treasury auction Thursday was met with strong response as the bid-to-cover ratio was a strong 2.68 to 1. The past few auctions were covered 2.21 on average.
Asian shares marched towards new highs for the year Friday as stronger-than-expected Chinese industrial output data and a rise in U.S. retail sales fuelled hopes that the worst was over for the global economy. Tokyo closed above 10,000 for the first time in eight months.
Commodity-related stocks in Asia and the Australian dollar rose for a third straight day Thursday as oil prices extended gains, keeping a rising trend in raw materials prices intact.
China stimulus trumps U.S. stimulus. Although the dollar is comparatively flat, we continue to have a global commodity rally--oil, copper, aluminum and other commodities are at or near their highs for the year.
Commodity-related shares led Asian stocks higher Wednesday, snapping a two-day decline, after metals and oil prices rallied on a decline in the U.S. dollar and as hopes grew for stronger Chinese industrial demand.
Stocks ended mixed on Tuesday after 10 banks were approved to repay TARP loans. The companies are expected to give back some $68 billion, about twice what the government expected. Read and listen to what the experts had to say...
Stocks opened higher on Tuesday with financials leading. Ten banks are set to repay capital they received through the TARP. They're expected to give back some $68 billion, about twice what the government expected. Read and listen to what the experts had to say...
The Treasury will hold three auctions this week totaling about $65 billion. Tuesday will be a $35 billion offering of three year paper. Wednesday has a $19 billion 10 year deal followed by Thursday's $11 billion 30-year offering. I am concerned with the 10 and 30 year auction and who shows up and in what force.