LONDON, July 31- The euro hovered near a nine-month trough against the dollar on Thursday after data showed euro zone inflation falling to its lowest since the height of the financial crisis five years ago.» Read More
The Dow Jones Industrial Average looks set to stage a steady climb to 11,600 points, but it won't get there before Christmas, Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday.
The S&P 500 index must hit the October high to avoid a 10 percent correction, and if the market does correct, the VIX volatility index could fall below 20 percent, Chris Zwermann from Zwermann Financial told CNBC Wednesday.
If Asia's loose monetary policy is left unaddressed it will ultimately blow a bubble of "mind-boggling size" that could become uncontrollable without fiscal tightening, Frederic Neumann, economist at HSBC, told CNBC Tuesday.
British retail sales values rose last month at their fastest annual pace since April to notch up their best showing for a month of October in seven years, a survey showed on Tuesday.
The U.S. economy could face a double-dip recession next year, in the absence of stimulus measures and extended incentive programs, Kirby Daley, senior strategist at Newedge Group, said Monday.
The current market rally will stop in the next few days, a correction of at least 3 weeks will follow, but stocks will rebound and finish high in 2010, independent trader Bill McLaren said Friday.
The Bank of England's injection of 175 billion pounds ($289 billion) into the economy hasn't yet pulled Britain out of recession, and the central bank now faces a difficult decision on whether to raise the stakes.
The value of gold and silver are on the rise, but this spells trouble for the declining dollar index which could push as low as 66 points, according to Chris Zwermann, strategist from Zwermann Financial.
The economy and the stock market have very good potential to climb, as the strength of the recovery will surprise many, two market experts told CNBC Tuesday.
The world will slump into a depression similar to that in the 1930s if stimulus measures are pulled out too soon, an economist warned. But investors have a chance to make good money in stock markets, a strategist said.
US third-quarter GDP data was "horrible" and investors will soon realize that it wasn't as good as they initially thought, Marc Faber told CNBC.com.
The global economy still faces major hurdles on its path to recovery, such as the ballooning public deficits and weak consumer spending, and investors remain cautious until they're resolved, Barclays President Bob Diamond told CNBC.
The price of gold could be in the middle of a major turnaround and could be heading lower, toward $1,015 per troy ounce and possibly $980, Chris Zwermann, global strategist from Zwermann Financial told CNBC Thursday.
While more and more voices warn about inflation, David Blanchflower, the US academic and former member of the Bank of England’s monetary policy committee, worries that governments will pull back from fiscal and monetary stimulus too early.
The stock market rally that's been in place since March was led by the banking sector, but financials are now starting to underperform and that could spell trouble for the wider market, Edward Loef, chartist at Theodoor Gilissen Bankiers, told CNBC Wednesday.
The government should “pull the plug” on problem banks rather than bail them out and imposing tougher regulation on them, Roger Nightingale, strategist at Pointon York, told CNBC Wednesday.
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.
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