Famed fund investor Bob Olstein, Olstein Capital Management chairman and CIO, explains why rising interest rates will boost stocks and weighs in on the internet space and Amazon's revenue fundamentals.» Read More
*Hopes for U.S. economic recovery, softer yen seen lifting index. *Market expects rising corporate profits. TOKYO, Dec 12- A weaker yen is forecast to help boost corporate earnings and drive Japan's Nikkei to double-digit gains next year, a Reuters poll found on Thursday.
SEOUL, Dec 12- South Korea's central bank held interest rates steady for a seventh consecutive month on Thursday, as expected, and many analysts forecast it will stand pat until late next year amid low inflation and modest recovery. The Bank of Korea's monetary policy committee held its base rate steady at 2.50 percent, a media official said without elaborating.
Dec 11- Better economic data has pushed a tapering of bond buying by the Federal Reserve higher up the agenda- even as early as next week. Wants very badly to taper, in my opinion, "writes Fed watcher and University of Oregon economist Tim Duy.
CNBC's Scot Wapner and Terry Dolan, Benjamin & Jerold Brokerage CEO, discuss inflation, interest rates and tapering. Dolan says the Fed is over-committed to its non-tapering stance.
CNBC's Rick Santelli reports the Treasury has sold $21 billion in 10-year notes.
Samuel Wardwell, Pioneer Investments SVP, director of investment communications, discusses the Fed taper and the impact of the budget deal on the market.
SANTIAGO, Dec 11- Growth in the economies of Latin America and the Caribbean is expected to gather pace next year, as a more favorable global outlook boosts demand for its exports, the United Nations economic body for Latin America said.
*CPI data due on Thursday, Dec. 12 at 1200 GMT. BANGALORE, Dec 11- Indian inflation is forecast to remain close to 9- month highs in November, a Reuters poll showed, putting further pressure on the central bank to follow up on its back-to-back interest rate hikes despite slowing economic growth.
NEW YORK, Dec 9- Stock markets worldwide rose on Monday and the euro climbed to a six-week high against the dollar after encouraging trade and inflation data from China, but uncertainty about the outlook for U.S. monetary policy limited moves.
NEW YORK, Dec 9- U.S. stocks advanced modestly on Monday after positive Chinese trade and inflation data, while remarks by top Federal Reserve officials about the outlook for slowing the Fed's stimulus had little impact on the market.
Jeffrey Lacker, the president of the Federal Reserve Bank of Richmond, will speak at an economic outlook conference in Charlotte, North Carolina, at 12:30 p.m.. St. Louis Fed Bank President James Bullard will also speak on the economy in St. Louis in the afternoon, and Dallas Fed Bank President Richard Fisher will speak in Chicago in the evening.
NEW YORK, Dec 9- Wall Street rose modestly on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by four top Federal Reserve officials. Richmond Fed Bank President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 p.m..
NEW YORK, Dec 9- U.S. stocks were little changed on Monday as investors waited for a number of top Federal Reserve officials to speak throughout the day for hints on the future of the central bank's stimulus plans. *Richmond Fed President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 a.m. ET.
Investors received some strong data out of China over the weekend. CNBC's Deirdre Wang Morris explains.
NEW YORK, Dec 6- U.S. consumer sentiment surged in December as Americans' outlook on the economy and job prospects improved, a survey released on Friday showed. The Thomson Reuters/ University of Michigan's preliminary reading on the overall index on consumer sentiment jumped to 82.5 for December, up from a final reading of 75.1 in November.
LONDON, Dec 5- Investors continued to turn their backs on commodity exchange traded products in November with some $2.1 billion in global outflows, capping a dismal year for the gold-dominated asset class which has lost out to a rally in equities.