The euro has continued to strengthen with strategists debating whether the boost was from China's move to diversify its foreign holdings.» Read More
The European Central Bank is widely expected to cut interest rates by 50 basis points Thursday, to a record low of 2 percent. But how low will the central bank go? Experts tell CNBC euro-zone rates could bottom at 0.5 percent.
Stock futures pared their losses after a round of economic data came in more or less as expected. Bank of America skidded amid news that the bank is going back to the government for help, while JPMorgan ticked higher after beating earnings estimates.
The European Central Bank remains stuck to staff projections that the euro zone economy will shrink by just 0.5 percent this year while inflation slows to 1.4 percent and warns of a low-interest rate trap.
A day ahead of the European Central Bank's rate decision, more dismal data showed the euro zone needs monetary easing. But experts tell CNBC that central banks' interest-rate cuts have little impact on the economy in the current financial turmoil.
The euro remained under pressure Tuesday despite the German government approving a second stimulus package worth $64 billion to help Europe's largest economy.
Government bonds are still the safest bet for investors in these uncertain times, and the euro will face an uphill battle as weak economies will need more flexibility, Hugh Hendry, Chief Investment Officer and Partner at Eclectica, told CNBC.
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.