Ruchir Sharma, Morgan Stanley Investment Management, says he doesn't think emerging markets are likely to grow any faster than the U.S. in the next few years. These countries have piled up too much debt, he says, and they're paying the price.
This pro says the options market is sending a clear message about where gold is going.
Michael Purves, chief global strategist at Weeden & Co., says that while the U.S. jobs report due on Friday is important, the market is more interested in who will succeed Bernanke as Fed chairman.
Indian equities outperformed on Thursday after the nation's new central bank governor unveiled steps to liberalize financial markets, but caution over a reduction in the Federal Reserve's stimulus capped gains in the rest of Asia.
Stocks closed higher for a second session Wednesday, with the Dow logging its biggest gain in over a month, following the Fed's upbeat Beige Book report and as the White House pressed its case for military action in Syria.
Prices for U.S. Treasurys slipped on Wednesday as fears of a Western-led military strike against Syria ebbed, pushing investors into riskier assets such as stocks.
Gold fell 1.5 percent on Wednesday, slipping below $1,400 an ounce as strong U.S. auto sales boosted economic hopes and fears of a Western-led military strike against Syria lost some of their urgency.
The dollar dropped against the euro on Wednesday for the first time in six sessions and retreated from a six-week high against a basket of currencies as data reflecting a growing world economy boosted investors' risk appetite.
Crude fell on Wednesday, with U.S. oil closing the session sharply lower as the prospect of an immediate U.S. military strike on Syria faded.
European shares pared losses in afternoon trade on Wednesday to close higher, thanks to a strong open in the U.S. markets. However, airline shares suffered after a profit warning from Ryanair.
Asian equity markets moved off session lows on Wednesday but investors continued to take profits after recent robust gains and as U.S. support for action against Syria dampened sentiment.
Stocks closed out a choppy session in the black on the first trading day of September, thanks to a handful of upbeat economic reports, but ongoing worries over Syria kept a lid on gains.
The dollar rose to a six-week high against major currencies on Tuesday after stronger-than-expected U.S. economic data bolstered expectations the Federal Reserve will start scaling back stimulus this month.
Treasury market stumbled, as traders pared safe-haven stakes in bonds after U.S. President said he would ask for congressional backing for a military strike in Syria.
Gold climbed 1.4 percent on Tuesday after President Barack Obama won the backing of two top Republicans in Congress in his call for limited U.S. strikes on Syria.
U.S. oil settled higher as U.S. lawmakers voiced support for military action against Syria, raising new fears about an armed conflict that could crimp supply.
European shares closed down in choppy trade on Tuesday, while shares in mobile device maker Nokia surged 34 percent.
Japan's benchmark index led Asian stocks higher on Tuesday as dollar-yen flirted with the key 100-level while better-than-expected manufacturing data in Europe and China lifted confidence in the global economic recovery.
Brent crude oil steadied around $114 on Monday, after a week of gains, as worries over possible Middle East supply disruptions receded.
Gold edged below $1,400 an ounce on Monday as a delay in possible U.S. military action in Syria and improved economic data from China and Europe boosted the appetite for riskier assets.
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