*China manufacturing PMI hits 18- month high; new orders surge. While China is relying on increased government stimulus to steer its economy away from reliance on exports and towards consumer spending, Europe has taken the opposite approach, combining fiscal austerity with near-zero interest rates.» Read More
A weaker dollar and government intervention in the markets are to be expected as President Barack Obama reappointed Ben Bernanke as Fed chairman, analysts said.
Ben Bernanke is set to be nominated for a second term as chairman of the Federal Reserve by President Barack Obama. But as Bernanke squares up for another four years at the helm of the central bank, CNBC asks if he is the right person for the job.
A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent and struggling home owners show their anger at the financial crisis by giving up on their mortgage, David Karsbøl, chief economist at Saxo Bank, told CNBC.
Not only has the recession failed to take a bite out of London's restaurants, but a combination of a weaker pound, a temporary tax cut and a surprise boost in disposable income has pushed the closure rate for the capital’s eateries to its lowest since 2000, a survey showed.
The stock market is due for another sharp leg higher before the end of the year and the strength of the economic recovery will be equal to the deepness of the downturn, analysts told CNBC.
Stock markets will probably continue to rise as the world recovery has just begun and many investors who have been on the sidelines will finally jump in, investment officers and strategists told CNBC Monday.
The stock market is set for another surge higher as the Federal Reserve’s rescue packages begin to pull the economy out of the crisis, Charles Lemonides, founder & chief investment officer at ValueWorks, told CNBC.
The summer lull in stock trading volumes is bringing high levels of volatility and investors should stick to short-term trading strategies to counteract the whipsaw moves, Steven Mayne, head of research from Falcon Securities, told CNBC.
The French spend the least amount of time at work, a new survey of 73 cities around the world by Swiss bank UBS shows, while the most hours are worked in Cairo and Seoul.
Fear over the recent slump in the Shanghai Composite Index is overblown and the volatility in the region is largely due to the low volumes that come in summer trading, Chris Tinker, equity strategist at ICAP, told CNBC.
The price of oil could slump toward $20 as the fundamentals supporting it are still extremely weak and its currently only being held up by fear of inflation, Johannes Benigni, managing director at JBC Energy, told CNBC.
The S&P 500 has probably reached its peak for the whole year and could head back down toward 945 points over the coming months, Chris Locke, MD of Oystertrade.com Management, told CNBC.
Latvia will continue to intervene to defend its fixed-rate currency as it has sufficient foreign exchange reserves to do so, Bank of Latvia governor Ilmars Rimsevics told CNBC in an exclusive interview Wednesday.
Markets are likely to end the year higher and investors need some strong, blue-chip stocks in their portfolios, to counteract the volatility shown by cyclical shares, Bob Doll, global chief investment officer of equities at BlackRock, told CNBC Tuesday.
European banking stocks could sink another 5 or 6 percent in a sharp selloff that would unsettle the broader market, Geoff Wilkinson, head of investment research at Mint Equities, told CNBC.
Central bankers are to blame for the current financial crisis, according to Andrew Smithers, author of "Wall Street Revalued" and founder of Smithers & Company. He suggests they employ different policies so further crises will be prevented.
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Prices in the 16 countries that use the euro fell on an annual basis for the second straight month in July and by more than previously anticipated, official figures showed Friday.
The surprise rise in German and French gross domestic product does not mean the world recession is over, and central banks are likely to make mistakes that would bring about a second recession, Roger Nightingale, strategist at Pointon York, told CNBC Friday.
A period of weak stock markets and strong dollar is likely to come after the strong rally in developed and emerging markets alike, Marc Faber, the author of "The Gloom, Doom and Boom Report," told CNBC.
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