TOKYO, Dec 18- The dollar took the upper hand on Thursday after the Federal Reserve signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy. The dollar index rose to 89.109, flat in Asia but having risen 1.0 percent on Wednesday and coming within a striking...» Read More
German Chancellor Angela Merkel reiterated on Thursday that she wanted a European to become the next IMF chief and that Dominique Strauss-Kahn's exit before the end of his term was an argument in favour of such a move.
Demand from central banks for gold surged in the first quarter and the fear factor will support prices, according to the World Gold Council.
Just 20 percent of the Greek electorate believe the country should abide by the terms of the European Union/International Monetary Fund loan agreement and pay off all its debts, according to a poll in a Greek newspaper.
European stocks were indicated to open stronger Wednesday after Tuesday's sell-off, as Asian shares shrugged off a mixed US close.
If you think developed markets are in a low growth environment for some time, invest accordingly and take a view on the growth outlook, says Stewart Richardson, RMG Wealth Management.
Gold and oil will resume their uptrend – but maybe not just yet – Eugene Weinberg, commodity analyst at Commerzbank, told SquawkBox Europe .
The price of oil has been very volatile in recent weeks, but one investor believes over the medium term there are good reasons for crude prices to remain above $100 a barrel.
European shares are expected to open higher on Thursday with the DAX, CAC and FTSE 100 predicted to begin trade 30 points higher by spread betters in London.
The shadow of the Winter of Discontent is looming over the UK again. Increasing unemployment, belt-tightening in the public sector, and a harder line from unions are ringing alarm bells for businesses.
The World Trade Organisation’s ruling that European subsidies for Airbus must end is “a clear, final win for fair trade,” the company’s main US competitor Boeing said today.
The collapse of BP’s share swap deal with Rosneft is not only good for the company, but “a victory for the rule of law”, Mattias Westman, the founder of Prosperity Capital Management and one of TNK-BP’s largest shareholders told CNBC.
The dollar is cheap but is likely to remain weak according to David Bloom, the global head of foreign exchange strategy at HSBC in London.
The S&P 500 and MSCI emerging market index are both sitting on healthy gains since the start of the year but the Swiss SMI is range bound around 6,500 points. Why? One analyst believes it is all down to the weak dollar.
Low levels of leverage, the availability of bank capital and improving business confidence should presage a renewed surge in corporate mergers and acquisitions, according to an equity strategist at HSBC.
The role of financial investors in commodity markets is overestimated, veteran oil trader and CEO of the Dubai Mercantile Exchange Tom Leaver told CNBC.com.
In a possible setback to Dominique Strauss-Kahn's defense, the IMF said in a statement that its managing director will not enjoy diplomatic immunity in the sexual assault case against him.
With drought threatening food production in the EU, US and China analysts at Renaissance Capital believe the next 8-10 weeks will be crucial to prices in 2011 and 2012.
Saudi Arabia might be the next to join the ranks of MSCI, an influential index provider, which could see more international investors gain access to the Middle East's largest stock market.
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