*Oil hits $70 a barrel as OPEC shuns cut. LONDON, Nov 27- Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. The meeting had lasted over five hours and as the decision emerged both Brent and U.S. crude...» Read More
Despite concerns about global inflation, Victor Shvets, managing director and head of research and strategy at Samsung Securities Asia, says deflationary pressures are on the rise due to the deleveraging of the private sector.
The U.S. economic rebound remains disappointingly erratic, a top Federal Reserve official said on Tuesday, though he offered few hints as to whether the central bank is considering further stimulus.
Dominique Strauss-Kahn’s arrest may have little immediate effect on the International Monetary Fund’s operations. Yet it may well force the organization’s member countries to confront wider issues of European influence over the fund, even as it prepares to extend more huge rescue loans to western Europe, reports the FT.
Britain isn’t cutting its structural deficit by enough or doing it quickly enough and may need a bailout from its European partners, investor Jim Rogers told CNBC.
Regardless of what Bernanke says at his first media briefing, the markets are convinced the Fed chairman will keep the stock market rallying and the dollar in decline.
The first two rounds on quantitative easing from the Federal Reserve were good for stocks and bad for bonds, CNBC's Patrick Allen writes.
Having just spent a week in the US I can confirm Americans and the British share an awful lot in common.
Fed officials have been singing different tunes about monetary policy recently, but one voice has risen above the rest to boost the dollar and pressure Treasury bonds.
Despite mankind's ability to adapt and invent new materials and make use of new resources, humans seem "hopelessly incapable of learning past wisdom and apparently doomed to repeat past follies," according to Dylan Grice, a research analyst at Societe Generale.
The Bank of Japan needs to hold of market sentiment or risk the economy falling into a bigger-than-expected recession, according to Phillipe Gijsels of BNP Paribas Fortis Global Markets.
"I think this whole thing is a Ponzi scheme in which governments that are already in deep red ink are trying to generate more red ink," Niall Ferguson, history professor at Harvard University, told CNBC.
Interest rates will have to rise soon even if major central banks – like the Federal Reserve and the Bank of England – keep monetary policy ultra relaxed for now, Niall Ferguson, Professor of History at Harvard University, told CNBC in an interview.
Federal Reserve Chairman Ben Bernanke is unlikely to drop a bombshell in the markets like his counterpart at the European Central Bank did when he pre-announced a rate rise, ING chief international economist Rob Carnell wrote in a market note.
Oil prices are driven by a supply shock rather than increased demand due to a stronger world economy, so investors in currencies look to "risk" rather than "macro" factors, David Bloom, global head of foreign exchange research at HSBC, wrote in a market note.
Currently, oil prices are just as likely to rise as to fall and, consequently, there's a 50 percent chance that recent rises in European inflation are behind us, according to Carl B. Weinberg, chief economist at High Frequency Economics.
Foreign ministers from the Gulf Cooperation Council are expected to discuss an aid package in Riyadh, Saudi Arabia later Thursday, focused on help from the four countries with fortunate annual budgets to the other two: Oman and Bahrain.
The moment of truth for Europe's sovereign debt crisis may be far closer than investors think.
The European Central Bank's warning that a rate increase is possible next month is the correct answer to rising inflation risks, Axel Weber, the head of the Bundesbank, told CNBC Tuesday.
One month after Bundesbank president Axel Weber announced he was stepping down, saying goodbye to his chances of running the European Central Bank, many in the markets miss him already.