SINGAPORE, Sept 22- London copper futures slipped for a third session on Monday as the dollar firmed on the likelihood of a U.S. interest rate hike and investors fretted over China's slowing economic growth. This week's focus will be on China's flash manufacturing PMI reading on Tuesday, as fears over the outlook for country's economy mount.» Read More
Randy Lert, chief portfolio strategist for Russell Investment Group, told CNBC’s “Morning Call” that he believes valuations are now attractive for large-cap stocks.
Former U.S. Federal Reserve Chairman Alan Greenspan said he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.
The dollar fell after minutes from a Bank of England policy meeting and strong data on euro-zone industrial orders suggested interest rates in Europe could rise more than previously thought.
Some Bank of England policymakers considered voting for a half-point interest rate hike his month before they all decided to raise rates by 25 basis points and agreed a further rise may be needed in time.
The dollar traded near six-week highs against the euro and a three-month peak versus the yen as traders continued to pare back expectations of a Federal Reserve interest rate cut this year.
China's central bank said on Friday that it would widen the yuan's daily trading band against the dollar to 0.5%, just days ahead of a key meeting with the United States to discuss trade issues such as the value of China's currency.
The Dow lifted Thursday, after Federal Reserve Chairman Ben Bernanke soothed concerns about the subprime lending market. Elizabeth Miller, managing director at Trevor, Stewart, Burton & Jacobsen, joined “Power Lunch" to offer insights on the market reaction.
Dallas Federal Reserve President Richard Fisher said on Wednesday that he is happy with where rate policy is at present, and that inflation remains the Fed's main focus for now.
The Bank of England gave a strong hint on Wednesday that it is likely to raise borrowing costs at least once more, possibly as soon as next month.
Euro zone inflation in April came in higher than initially estimated but still within the European Central Bank's target, data showed, pointing to subdued price-growth pressures despite robust economic expansion.
Scott Martin, an analyst at Astor Asset Management, told CNBC’s “Squawk Box” that Tuesday’s Consumer Price Index report means the Federal Reserve will hold interest rates steady.
Ajay Kapur says "10% of the U.S. economy...is slowing down." So why is the chief investment officer of First Horse Capital still so bullish on American equities? He explained his optimism to CNBC's Mark Haines, on "Squawk on the Street."
Stocks are looking for direction amid a flurry of takeover headlines this morning. Asian stocks were higher overnight on the back of Wall Street's Friday gains, but European markets are mostly weaker.
Russ Koesterich, senior portfolio manager at Barclays Global Investors, told CNBC’s “Closing Bell” that talk of a Fed rate cut is premature.
William Gross, chief investment officer and founder of Pimco’s Total Return Fund, told CNBC’s “Street Signs” that he expects the Federal Reserve to cut interest rates to about 4% by year end.
Don Hays, president and chief investment strategist at Hays Advisory, told CNBC’s “Squawk Box” that he expects the Federal Reserve to cut interest rate within the next month-and-a-half.
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday he still believed there was a one-third chance that the U.S. economy would slip into recession this year, reiterating a statement made in March.
David King, portfolio manager at Putnam New Value Fund, told CNBC’s “Closing Bell” that he likes consumer, mortgage insurance and mortgage finance stocks. “We’re certainly not calling for a turnaround (in housing) but essentially it won’t be difficult enough to drag down the economy or decline greatly from these levels,” King said Thursday.
The European Central Bank kept its core interest rate on hold at 3.75% Thursday as widely expected by economists, but the Bank’s President Jean-Claude Trichet hinted at a rate rise in June.