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Despite the dollar's two-day rally against the euro and the yen, experts tell CNBC the greenback's positive run may be over shortly, as a fast recovery in the U.S. economy seems more unlikely.
A W-shaped recovery is more likely than a V-shaped one this year, and stocks look relatively attractive compared to other asset classes such as bonds, Juerg Zingg, managing partner at Q Investments, told CNBC.
Monday night, the Treasury Department agreed to lend GMAC $6 Billion out a new TARP fund set up to specifically help the struggling auto industry. This move, along with GMAC getting bank holding status last week are two huge steps in reviving a struggling auto industry. They may not be sexy moves, but they are critical moves.
With the auto companies on their holiday breaks, this is always a week when I think about the year ahead for the auto industry. In past years, some of the predictions I've made to myself have come true, while many more were so off the mark it was kind of funny. So: What will happen in '09?
The Dow rose in a holiday shortened session on Wednesday after a barrage of economic data signaled the economy was weak, but not as bad as feared...
Global markets were down Friday, tracking Wall Street's overnight losses. The dollar continued to fall, on track for the biggest weekly decline since 1985, and oil remained near 4-1/2 year lows.
Global markets look set to remain volatile until year-end, as the dollar reverses several months of gains and hits a 2-1/2 month low against the euro, and as oil falls to the $40-a-barrel level despite OPEC's historic supply cut.
Japan stepped up its warnings against the yen's rise to a 13-year high against the U.S. dollar, saying it would deal appropriately with the situation which may include forex intervention.
Lately we’ve heard a lot of talk comparing the U.S. and Japan. You might remember, their financial system froze in the late ‘90’s.
Global markets had mild gains Wednesday after the Federal Reserve cut rates to a range of zero and 0.25 percent, as many anticipated. Experts told CNBC that recent market volatility will continue for some time.
Investors were cautious on stocks but sold the dollar Tuesday ahead of the Federal Reserve's rate decision. Experts interviewed by CNBC see safe havens like gold and the greenback losing their appeal.
The Federal Reserve will again lower interest rates on Tuesday to fight the deepest recession the U.S. has known in years, and may also announce some "unconventional" measures.
Gold has reached a good base of $730 and it looks likely to break out of that negative trend, Robin Griffiths, technical analyst at Cazenove Capital, told CNBC.
The dollar dived to a 13-year low against the yen on Friday after the U.S. Senate failed to agree a bailout for U.S. automakers, raising the prospect Japanese authorities may intervene to stem the yen's rise.
Japanese Prime Minister Taro Aso on Friday announced a new stimulus package to shore up his country's economy, with measures to spur employment, encourage lending and inject capital into financial markets.
Global markets were wobbly Thursday, hurt by uncertainty over a $14 billion rescue plan for U.S. automakers. In the midst of the increased market volatility, experts interviewed by CNBC advise investors to stay cautious and diversified to survive the bear market.
Hopes that governments worldwide will aid ailing industries and implement stimulus measures to fight against a deepening economic crisis lifted Asian stocks Wednesday. Experts tell CNBC an end is near for the economic gloom.
Monday's market rally was short-lived with Asian stocks making humble gains while European stocks fell Tuesday. In the midst of the market volatility, experts tell investors to tread carefully around the rallies but that there are some signs of a market bottom.
Global stocks started the week in the green, with the Hang Seng index closing over 8 percent higher, on investors' optimism over a possible U.S. automakers bailout. CNBC's experts deem this rally to be a big one and for investors to get off the sidelines and get back into stocks.
Global markets were mixed Friday ahead of the November nonfarm payrolls data out in the U.S. Crude fell almost 7 percent overnight as market volatility persisted. Analysts interviewed by CNBC give their views on where to invest.