TORONTO, Sept 22- Interest rates may have to be about one-and-a-half percentage points lower than they have been historically in order for the Canadian economy to operate at full capacity, the Bank of Canada said on Monday.» Read More
Jim Fisher, senior portfolio manager at M&T Bank Investment Advisors, told CNBC’s “Power Lunch” that he’s “cautiously optimistic” about the sustainability of the current market rally.
Jeff Layman, portfolio manager at BKD Wealth Advisors, told CNBC’s “Power Lunch” that he believes the current rally can be sustained.
Time for today's trivia questions. Here they are. The video question is worth $2,000 Bonus Bucks: The Royal Bank of Australia has decided to keep interest rates on hold at what percent? Your selection of answers is: 6.0% or 6.25% or 5.25% or 5.75%. And the news question is worth $1,000 Bonus Bucks: Blockbuster sold its UK video game retailer, Game Station, for how much? Your selection of answers is: $250 million or $150 million or $200 million or $100 million.
The European Central Bank's vigilance will ensure future price stability and a stable euro, ECB Governing Council member Klaus Liebscher wrote in an Austrian newspaper on Wednesday.
Australia's central bank kept interest rates steady at 6.25% on Wednesday, as slowing inflation gave it scope to skip a tightening despite strong domestic demand and a drum-tight labor market.
Michael Darda, chief economist for MKM Partners, told CNBC’s “Squawk on the Street” that the current market favors small-cap stocks and emerging markets.“We’re in an environment of massive liquidity, booming global growth and interest rates are still low,” Darda said Tuesday. “That favors smaller companies, emerging markets. The falling dollar favors international issues over domestic concerns.”
Robert Weissenstein, chief investment officer for Private Banking Americas at Credit Suisse, told CNBC’s “Power Lunch” that he expects the Federal Reserve to leave interest rates unchanged for the immediate future, but the next surprise could be an increase--not a cut.
CNBC’s Diana Olick reports that now’s a good time to buy a vacation home, but it’s no longer possible to buy and flip a house to pocket a quick profit.
Michael Darda, chief economist at MKM Partners, told CNBC’s “Morning Call” that he doesn’t expect the Federal Reserve to cut interest rates anytime soon despite weakness in the latest economic report. But Joseph LaVorgna, chief U.S. economist at Deutsche Bank, said he expects the Fed to cut interest rates to spur economic growth.
Two key reports show more pain for the housing market, as existing home sales post a huge decline in March and home sales slide in most major U.S. markets, but new home sales manage a modest increase. Here's what the experts are advising buyers and sellers.
As oil prices swing, gasoline keeps rising -- and some analysts have predicted $4-a-gallon gas this summer. Will higher prices at the pumps affect the U.S. economy? Jan Hatzius, Goldman Sachs' chief U.S. economist, and Julia Coronado, senior U.S. economist at Barclays Capital, weighed in, on "Power Lunch."
Rod Kiddoo, chief investment officer at Cozad Asset Management, told CNBC’s “Power Lunch” that he believes the Dow crossing 13,000 signals higher levels ahead.
Hey folks, time for today's trivia questions. Here they are. The video question is worth $2,000 Bonus Bucks: The U.K's GDP came in higher than expected for the January-March period. How much did it rise? Your selection of answers is: 0.7% or 1.8% or 0.5% or 1.2%. And the news question is worth $1,000 Bonus Bucks: According to the new MBA survey, what was the average for the a 30-year mortgage last week? Your selection of answers is: 6.05% or 5.78% or 6.13% or 7.08%.
Stuart Schweitzer, global markets strategist at JP Morgan Asset & Wealth Management, told CNBC’s “Power Lunch” that jobs –- not high prices at the gas pump –- could become the major markets-shaping issue in the next few months.
Australia's producer prices were unchanged in the first quarter, confounding forecasts for a rise and offering hope that inflationary pressures were slackening enough to avoid another increase in interest rates.
What's in store for the market? Alec Young, equity market strategist at Standard & Poor's, and Edgar Peters, chief investment officer at PanAgora Asset Management, gave their forecasts on "Morning Call."
As market participants do their best to shake off repercussions of a booming Chinese economy, economists around the world will be gearing-up for yet another GDP release, this time from the U.S., where many await news on the extent of an economic slowdown.
The European Central Bank cannot give the all-clear on interest rates given the bright economic outlook and persistent price risks, Governing Council member Axel Weber said in a newspaper interview.
Mike Malone, equity and trading analyst for Cowen and Co., told CNBC’s “Closing Bell” that he remains bullish despite downbeat economic news at home and in China.
Joe Battipaglia, chief investment officer for Ryan Beck & Co., told CNBC’s “Power Lunch” that he believes the Dow Jones Industrial Average can reach 13,000, but the market will have trouble sustaining that level.