April 16- The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed.» Read More
The rallies in global stocks and the euro, which have been running since early in the year, have both pulled back in recent sessions, but that is only a temporary setback and the trend should soon continue, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC.
Most investors follow the same strategy of borrowing in dollars and investing in assets across the world and when the greenback's downward trend will reverse, there may be a crash in global assets, Nouriel Roubini, Chairman, RGE Monitor, told CNBC Monday.
The economy will not experience a V-shaped recovery; there will be a stock market setback in the next month, and the high price of oil isn't about demand, rather a way to hedge against the overprinting of paper currency, Robin Griffiths from Cazenove Capital told CNBC.
Activist investor Carl Icahn is resigning from Yahoo's board of directors because he no longer has enough time to devote to the Internet company.
If the last five years are anything to go by, then a strategy of picking individual stocks beats just buying the major indexes – provided you pick the winning stocks, research from financial Web site the Motley Fool showed.
The dollar is likely to sink further against the euro and could hit the lows of July 2007 at $1.60, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC.
ECB chief Jean-Claude Trichet discussed exchange rates with euro zone finance ministers on Monday but said nothing new on a dollar slide that some fear could hurt Europe's economic recovery.
The price of gold could rally higher and reach $1,350 per troy ounce within the next six months, but a dollar crisis could push it even higher, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC.
Stocks and gold are crowded markets and there is a risk that everybody will want to exit at the same time, Hugh Hendry, chief investment officer at Eclectica, told CNBC Friday.
The recent weakness in the dollar index is likely to continue and it could soon hit an all-time low of 70.65 points, Royce Tostrams, technical analyst from Tostrams Groep, told CNBC.
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AIG paid retention bonuses totaling more than $168 million to a wide array of employees in its financial products unit, including an assistant in a kitchen, the Financial Times reported Wednesday, citing a government report to be released later in the day.
The recent surge in the price of gold could "collapse" and quickly move back toward the $1,000 mark as the precious metal has not confirmed its upward trend yet, Daryl Guppy, CEO of Guppytraders.com, told CNBC.
A combination of falling revenues, high debt and tougher lending standards by banks has pushed up dependence on alternative lenders in the UK.
Risky assets will continue to outperform safer assets and investors should stick to bonds and quality stocks such as Johnson & Johnson, Intel and CSX, instead of Treasurys and cash, Bob Doll, vice chairman and global CIO of equities at BlackRock, told CNBC.
President Nicolas Sarkozy's 23-year-old son and fellow conservatives are defending his bid for a highly visible job overseeing France's biggest business district.
There is a real risk of a double-dip recession and the market is acting in a "schizophrenic" way, which could cause a "bloodbath" for investors, billionaire investor Carl Icahn told CNBC Friday.
The dollar index could tank another 10 percent or more over the next six months, and the recent rally in gold can continue to push stocks higher, Chris Zwermann, global strategist at Zwermann Financial, told CNBC.
The price of gold will continue to rise and outperform stock markets and could go as high at $2,000, depending on the strength of the S&P 500 index, according to Chris Locke, managing director at Oystertrade.com Management.
Australia's rate hike may not signal a stampede to raise rates. But smaller central banks could be tempted to tighten sooner rather than later.
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