FRANKFURT, Germany— The European Central Bank on Sunday will reveal the results of a yearlong search through the books of Europe's 130 biggest banks, a key part of the region's effort to recover from its debt and economic crisis. Companies need the loans to invest and hire if Europe's economy, which didn't grow at all in the second quarter and has unemployment of...» Read More
The risks of investing in the US seem as high as those for investing in certain emerging markets, particularly in the short term, Paul Ramscar, assistant director of private clients for Tyche in Hong Kong, told CNBC Thursday.
The recent rally in stocks has run out of steam and there are no reasons for it to come back, two analysts told CNBC Thursday.
The recent rally in banking stocks is exhausted and the sector may not pass its highs for the rest of the year, Chris Locke, managing director of Oystertrade.com Management, told CNBC.com.
As talk of the United States' ability to keep its AAA rating resurfaced Wednesday, one analyst told CNBC that the impact could be prove a major drag on the strength of the dollar.
The European Central Bank will have to print and sell euros in the currency markets to alleviate the pain the strong single currency is causing to the euro zone, David Bloom, global head of foreign exchange strategy at HSBC told CNBC Tuesday.
The bear-market rally could continue for the next two or three weeks and investors should sell bonds and buy stocks in the short term, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC.
The slump in the UK house prices could bottom out within the year as rising interest from new buyers leads to fresh sales, according to the April housing market report from the Royal Institute of Chartered Surveyors.
The FTSE-100 is still in a bear-market rally as it failed to turn bullish and eclipse its 200-day moving average last week, Robin Griffiths from Cazenove Capital said Monday.
Doom and gloom commentators should check their pessimistic remarks, as they can talk down the economy and the markets, Giorgio Questa, senior visiting fellow in finance and director for Msc in banking and finance, Cass Business School, told CNBC.
The S&P 500 is giving strong technical signals it has entered a bull market and next week could confirm whether the index has finally shaken off the bear, independent trader Bill McLaren told CNBC Friday.
Comments from US Federal Reserve Chairman Ben Bernanke saying that the pace of economic contraction will probably slow don't mean there will be a recovery in the second quarter, Marshall Gittler, chief strategist at Deutsche Bank, Private Wealth Management, told CNBC Wednesday.
The European Central Bank Shadow Council said it saw no need to set an interest rate floor at 1 percent, smashing official ECB proposals to prevent the rate from reaching 0 percent.
The UK government's decision to tax people earning more than £150,000 ($225,000) a year on 50 percent of their earnings is a de-facto stagnation package, Charlie Elphicke, tax partner at law firm Hunton and Williams, told CNBC Friday.
Swine flu could affect commodities prices, especially oil, as demand may shrink on fears of a further economic slump because of a worldwide epidemic, Eugen Weinberg, senior commodity analyst at Commerzbank, told CNBC.
The recent rise in stocks and talk about green shoots in the markets are optimistic assumptions, as the world downturn "still has a way to run," Hugh Hendry, Chief Investment Officer at Eclectica, told CNBC Tuesday.
"As the Fed and the BOE have become more sane by printing money the so called gurus like Soros and Buffett suffer a deficit of sanity. They are saying the actions of these central banks will lead to inflation. I contest that," Hugh Hendry told CNBC.
An ideal interest rate to help the US economy to cope with the recession would be a negative 5 percent, the Financial Times reported on its Web site, quoting an internal Federal Reserve analysis.
While western stock indexes struggle to rally in an overall bear market, their emerging counterparts are set to enjoy the real thing, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.
Investors expecting the recent recessionary gloom to lessen as the year progresses could look to the technology sector to make the most of any market buoyancy, experts told CNBC. One analyst went as far to say that the sector could even lead a widespread recovery.
The US regulator’s stress test of banks, designed to gauge which companies from the troubled sector could survive an extremely negative economic environment, is due to be released Friday.
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