SEOUL, Oct 20- For a country trying to avoid the menace of deflation, South Korea is receiving timely help from unusual quarters- the country's landlord and their tenants. Nomura estimates that there was some $400 billion tied up in jeonse deposits in 2012, equal to one-third of South Korea's annual economic output. "The sharp drop in interest rates is the most...» Read More
Art Hogan, managing director at Jefferies, told CNBC’s “Power Lunch” that the slumping housing market has shaved about 1% off GDP growth and this may be good news for interest rates.
Robert Mellman, senior U.S. economist for JP Morgan, told CNBC’s “Morning Call” that strong employment and a sound economy have offset the housing slump.
Initial public offerings may be hurt by higher interest rates, but one analyst said the IPO market is still robust."We've had nearly 100 IPOs priced raising over $20 billion in the U.S. marketplace," Richard Peterson, Thomson Financial Senior Research Analyst, said on "Morning Call."
Rob Vanden Assem, portfolio manager, SunAmerican Strategic Bond Fund, told CNBC’s “Squawk on the Street” that he’s not fretting about what The Wall Street Journal called “The Coming Credit Meltdown.”
Scott Wren, equity strategist at A.G. Edwards, told CNBC’s “Squawk on the Street” that there’s a “good shot” the market will move higher.
Dan Morgan, portfolio manager at Synovus Securities, told CNBC’s “Squawk Box” that optimism about future growth is boosting the market.
The coming week is light on economic data, but will be big in determining whether Wall Street's bulls are back in charge.
The major indices return to record territory as interest rate jitters pass.
Consumers looking at the rise in interest rates may wonder what impact it will have on their wallets.
There are ways to play the stock market when interest rates are rising, analysts say, but investors should proceed with caution. "The market doesn't normally do well with rising interest rates, so a more defensive posture is in order," Bruce Bittles, chief investment strategist at Robert W. Baird, told CNBC.com."
The direction of bond yields will be the key factor for European stock markets next week, according to Bruno Verstraete, CEO of Nautilus Invest.
Larry Smith, chief investment officer at Third Wave Global Investors, told CNBC’s “Squawk on the Street” that he sees a choppy market ahead.
Al Goldman, chief market strategist for A.G. Edwards, told CNBC’s “Closing Bell” that the market’s performance has been “very impressive” despite downbeat economic news.
The Bank of Japan kept interest rates unchanged at 0.50% on Friday in a unanimous decision by its Policy Board, though expectations are growing that it will raise them in the coming months.
Christopher Errico, a financial adviser for Morgan Stanley Global Wealth Management, told CNBC’s “Street Signs” that he likes energy pipeline partnerships, but not Real Estate Investment Trusts.
The dollar rose to a fresh 4-1/2-year high against the yen for a second straight day ahead of a Bank of Japan policy meeting and a report on U.S. consumer inflation that could determine whether U.S. Treasury yields extend a six-week climb.
Mortgage rates extended their climb for the fifth straight week, skyrocketing to highs not seen in nearly a year, according to a weekly survey released by finance company Freddie Mac on Thursday.
Bob Iaccino of RWH Financial, told CNBC’s “Squawk Box” that he believes the market rally will continue despite rising bond yields.
The Federal Reserve will cut rates later this year, according to top-rated economist Sung Won Sohn. Sung, CEO at Hanmi Financial, told CNBC’s “Squawk Box” consumption was healthy in the first quarter, but will slow down in the second half of the year.
The Swiss National Bank raised interest rates by 25 basis points for the seventh quarter running on Thursday, and said more increases were likely if the economy remained strong.