CNBC's Eunice Yoon reports on all the market moving events from Asia, as the Chinese yuan hits new highs against the U.S. dollar.» Read More
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 euro fell against the dollar and the yen Monday ahead of the European Central Bank's interest-rate decision on Thursday. Experts tell CNBC that the single euro-zone currency will experience headwinds this year.
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.
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.
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.
The first half of next year will be very bad for the world economy, but investors will find value in stock markets as some deeply discounted shares will stage a rebound, Marc Faber, editor and publisher Gloom, Boom and Doom Report, told CNBC.
The euro rallied versus the US dollar on Tuesday following the Federal Reserve decision to set its target for overnight interest rates between zero to 0.25%.
When the Federal Reserve policymakers decide on interest rates Tuesday, investors will probably look one step beyond their decision, to gauge how much money will the Fed be willing to print once it is out of rate ammunition.
The US dollar fell across the board Thursday on lower risk aversion among investors, helped in part by the latest monetary actions by central banks from around the world.
German Finance Minister Peer Steinbrueck singled out British Prime Minister Gordon Brown for criticism in a "Newsweek" interview, accusing him of switching to economic policies that would saddle a generation with debt.
Bonds look more attractive than stocks in the current climate, as share prices may take another dive, and investors should worry about preserving the money they have rather than making any more, Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.
The European Central Bank, Bank of England, and Sweden’s Ricksbank slashed their interest rates today in an effort to bolster access to credit while luring consumer spending.
The European and U.S. stimulus plans are not going to help economies which are relying on wide current account deficits and which are now hemorrhaging capital, Ian Harnett, European strategist at Absolute Strategy Research, said Wednesday.
The European economy will remain in recession for at least two years as companies slam the brakes on capital spending because of the financial crisis, Charles Cara, European equity strategist from Absolute Strategy Research, said.
Spanish gross domestic product (GDP) fell 0.2 percent in the third quarter, sending the euro zone's fourth-largest economy into contraction for the first time in 15 years, the National Statistics Institute reported on Friday.
The group of euro-member countries fell into "a serious recession in September" and economic contraction will continue through next year, pushing interest rates sharply lower, Bank of America said in a research note Tuesday.
President-Elect Barrack Obama should attend the upcoming summit of the G20 developing and industrialized countries in Brazil to show that the US has a truly international leader, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.
The nonfarm payrolls data may be even worse than the consensus estimate, as the U.S. economy is taking further blows from the financial crisis, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.
Blue chips logged their biggest two-day decline on record as worries about the economy gripped the market the minute the U.S. presidential election was over. Weak outlooks from Cisco and Toyota, dismal October retail sales and the prospect of a very grim payrolls number tomorrow fueled the selloff today.