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Global stocks rose Thursday, with China's benchmark market making its second biggest gain this year. Experts tell CNBC another leg down in the markets is unlikely.
Stock markets are due for a short-term correction of four or five percent, King Lip, portfolio manager at Baker Avenue Asset Management, said Wednesday. But he remains positive on the market for the long term.
Nearly 10 more Swiss and other European banks holding wealthy US citizens accounts were identified using a tax-evasion amnesty program in the US, the Wall Street Journal reported on its Web site Wednesday.
Global stocks rose Tuesday, clawing their way back from the previous day's lows. Experts tell CNBC that although the market is due for a slight correction, there is still value in large-cap stocks and copper.
The correlation between the dollar and the stock market is still there, Chris Zwermann from Zwermann Financial said Monday. He sees a weakening U.S. dollar-Japanese yen cross pulling stock markets lower, with the Dow falling below the 9,000 mark.
Global stocks were lower Monday, with Asian markets falling to their lowest in two weeks, as investors raked in profits amid gloomy U.S. consumer data and a growing belief that market valuations had overtaken economic fundamentals.
In the U.S., the S&P 500 index and the Nasdaq index are both in an upward trend and are set to reach highs in early September, Bill McLaren, independent trader, said Friday.
Federal prosecutors are building criminal cases against 150 wealthy American clients of the Swiss banking giant UBS as part of a continuing investigation into tax evasion, a person briefed on the matter said Thursday, the New York Times reported.
Global stocks were higher Thursday after Europe's two biggest economies, France and Germany, posted surprise returns to growth in the second quarter. This boosted earlier investor optimism after the Federal Reserve the previous day gave its clearest statement to date that it saw the U.S. recession nearing an end.
After last week's better-than-expected U.S. July jobs figures, the 'V-shaped' recovery is in place, Michael Browne, portfolio manager from Sofaer Global Research said Monday.
There's a little bit of worry about this current rally with respect to whether it is built on solid foundations, Clive Lambert, director at FutureTechs said Thursday about the FTSE-100 index, but added that he is "pretty bullish on this market."
Global stocks drifted lower on Wednesday after reaching new 2009 highs earlier in the week as investors braced for more earnings results. Experts tell CNBC they are bullish on stocks.
Global stocks were lower Tuesday after reaching new year highs the previous day. But experts tell CNBC certain 'landmines' could cause markets to pull back in the second half of this year.
The Chinese market is likely to fall 25 percent, taking U.S. stocks with it, with the S&P 500 possibly falling below 800, Robin Griffiths, technical strategist at Cazenove Capital, said Monday. But then U.S. indexes will rise again for a substantial amount of time, with the Dow estimated to rise to 1,250, he added.
The United States, Europe and Japan still face the possibility of a double-dip recession and at the very least will experience below-potential economic growth for the next couple of years, economist Nouriel Roubini told CNBC Monday.
Global stocks rose Thursday after European corporate earnings cheered investors. Experts tell CNBC to play it safe as the economy will recover slowly.
Global stocks were mixed Wednesday, as a major selloff in China dragged down oil prices. Experts tell CNBC that although they expect Asian and US markets to trade higher in the long term, it might be good to add some cyclical plays to investors' portfolios.
If the S&P 500 index manages to hold above 945 in July, then the rally has further to go over the next few months, Roelof van den Akker, chartist at ING Wholesale Banking, said Tuesday.
Global stocks rose again Tuesday as investors grew more confident on improving earnings. Experts tell CNBC the non-stop pace of the rally could suggest it is getting overdone.
Markets are in the "mother of all fallies," Kirby Daley, senior strategist at the Newedge Group, told CNBC Monday, explaining that the term "fallies" was established for short-term rallies based on fallacies.