ROME— Italy has again pushed back its balanced-budget goal, now aiming for 2016..» Read More
The euro will not be around in the next 20 years, but Britain would have been better off had it joined the single European currency when it had a chance, legendary investor Jim Rogers told a British newspaper.
Citigroup shares could slump toward their 1992 low of around $1.90 as selling pressure for the beleaguered Wall Street giant remains strong, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
The battered stock market is due for a “flash-fire” rally which could match the stellar recovery-run put in place after the crash of 1987 finally bottomed, Bill Spiropoulos, market strategist from CoreStates Capital Advisors, told CNBC.
The S&P 500 will likely head back down toward its recent lows before the end of January where it will form a base, but it’s not time to buy the index yet, Chris Locke, MD of Oystertrade.com Management, told CNBC Wednesday.
Unemployment rose to 6.1 percent in Britain in the September-November quarter, the highest rate in nearly 10 years, the government said Wednesday.
The Dow Jones Industrial Average could sink towards 7,500 points if it doesn’t start to rise very quickly, Sandy Jadeja, chief market strategist at ODL Securities, told CNBC.
The price of a barrel of oil could slump toward $25 and even lower as the economy continues to falter, Phil Roberts, technical analyst from Barclays Capital, told CNBC Friday.
The S&P 500 could be set for another sharp decline as the bullish technical indicators have all but disappeared and the trend is heading lower, Edward Loef, technical analyst from Theodoor Gilissen Bankiers, told CNBC.
The European Central Bank remains stuck to staff projections that the euro zone economy will shrink by just 0.5 percent this year while inflation slows to 1.4 percent and warns of a low-interest rate trap.
Government bonds are still the safest bet for investors in these uncertain times, and the euro will face an uphill battle as weak economies will need more flexibility, Hugh Hendry, Chief Investment Officer and Partner at Eclectica, told CNBC.
There is a big chance that the Chinese economy will contract, as exports are falling because of the financial crisis that has gripped Western economies, Hugh Hendry, chief investment officer and partner at hedge fund Eclectica, told CNBC.
The S&P 500 is in danger of setting a negative trend for the whole year if it closes lower for the first full week of the New Year, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC.
The head of Europe's biggest economy said Thursday that world leaders should be looking at the massive U.S. deficit and other economic imbalances, not just problems caused by financial markets, as they debate a new global order.
The Dow Jones Industrial Average could rally to 11,000 in the short term as optimism over incoming President Barack Obama boosts investors’ confidence, Clem Chambers, CEO of ADVFN, told CNBC.
New Year optimism is likely to be shaken by shocking numbers in the monthly employment report, with a loss of one million jobs coming "sooner than you might think," ING Bank analyst Rob Carnell wrote in a research note.
The S&P 500 is in an extended consolidation phase that could mean sideways trading well into the summer and after that more weakness is due, Chris Locke, MD of Oystertrade.com Management, told CNBC.
Investors could be forgiven for keeping clear of the markets following one of the most turbulent years in recent history, but the positive factors developing are becoming ever more compelling, John Haynes, strategist from Rensburg Sheppards, told CNBC.
The S&P 500 could rally 20 percent in the first quarter of this year, but investors shouldn’t get used to the gains as 2009 will be another year of losses for the major indexes, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC.
For most investors, the best thing about 2009 is that it isn't 2008, as one analyst pointed out. CNBC experts share their predictions for the year to come as the world goes through the worst recession in generations.
The Swiss franc is likely to shine over the next two years as other currencies are set to weaken, Christopher Locke, technical analyst at Oystertrade.com Management told CNBC.
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