In a world preoccupied by crises, the global economy has taken something of a back seat. But there are signs it is in trouble despite being awash with cash from low interest rates.» Read More
Bank of England governor Mervyn King and his deputy Paul Tucker are going to be in front of the Treasury Select Committee the Libor scandal isn't officially on the agenda but clearly that is going to come up and may have implications for central bank succession planning. Catherine Boyle has more.
The softening global economy is leading central banks to cut rates, and that could change your carry trade strategy.
"You can trace the weaker U.S. market performance to evidence the U.S. economy itself is starting to slow down," says Jim O'Neill, Goldman Sachs Asset Management chairman, providing perspective on where the markets are going from here.
Charles Dallara, Managing Director, Institute of International Finance discusses the moves by central banks to cut interest rates. He adds that the overall outlook for the global economy remains bearish.
On Thursday, many investors were baffled by the price action in the S&P, which traded in the red, despite catalysts that should have been bullish. What gives?
Weighing in on the Bank of England leaving key interest rates unchanged at 0.5 percent and increasing its asset purchase program total to 375 billion pounds, with Jon Hilsenrath, Wall Street Journal chief economics correspondent, and Robert Brusca, FAO Economics chief economist.
"I'm short the euro," says Jim Iuorio, Director; TJM Institutional Services, discussing the ECB's rate-cut decision, and weighing in on how U.S. jobs numbers will impact the markets.
Hans Goetti, Chief Investment Officer Asia, Finaport discusses the implications the controversy will have on the market and on the banking sector. He adds that changes will most probably have to be made to Libor.
The European Central Bank needs to go beyond lowering interest rates – which has already been priced in by markets – to boost growth and authorities may be better off ramping up their asset-purchasing programs instead, economists tell CNBC.
Patrick Perret-Green, Head of FX & Rates Strategy for Asia, Citi says the real question for investors is whether a rate cut by the ECB passes through to bank lending and deposits.
Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital Investors says further easing from the ECB and BOE will help the market rally to continue.
John Horner, FX Strategist at Deutsche Bank says the ECB will make a 25 basis points repo rate cut at its policy meeting on Thursday.
Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital Investors says that the Barclays scandal doesn't indicate there's any Libor fixing going on today.
Ready for another employment report? This strategist has a trading plan.
Garett Jones, Senior Scholar at George Mason University, Mercatus Center says that the banking sector could implement reforms that will wean them off constant state bailouts.
"People are going into it with very low expectations," says Jim O'Neill, Goldman Sachs Asset Management chairman, providing a preview of this week's European summit.
The Bank of England needs to pump at least another 50 billion pounds ($77.8 billion) into Britain’s “stalled” economy, says David Miles of its interest rate-setting committee, warning that only a “substantial” third round of emergency bond-buying will kick-start recovery, the Financial Times reports.
Gerard Minack, Global Developed Market Strategist, Morgan Stanley, Research says that the ECB will cut rates but global coordinated quantitative easing is unlikely.
Gerard Minack, Global Developed Market Strategist, Morgan Stanley, says10-year Treasury yields will fall to 1%, reflecting how developed world bond markets are turning '"Japanese".
Despite the ongoing turmoil in Europe, the euro has fared well in June - but this strategist says the party is just about over.