*Poloz dampens talk of possible interest rate cut. MONTREAL, Dec 12- The Bank of Canada is likely to keep interest rates on hold "for quite some time," Governor Stephen Poloz said on Thursday, dampening talk that it was edging closer to cutting rates in order to combat low inflation.» Read More
Britain's Premier Foods Plc said trading had been hit by interest rate rises and its shares slipped more than 5% to a seven-month low after analysts trimmed their earnings forecasts.
British housebuilder Bovis Homes said on Monday its first-half profit met its expectations but struck a cautious note on prospects and reported a slowdown in visitors and reservations.
Jordan Kimmel, market strategist at National Securities, told CNBC’s “Power Lunch” that the U.S. economy is strong and the market will go higher. Elizabeth Miller, managing director at Trevor Stewart Burton & Jacobsen, agreed that economic conditions are good: “I think we’ve got a stool with all three legs: global liquidity, decent earnings growth, and reasonable valuations.”
Michael Darda, chief economist at MKM Partners, told CNBC’s “Morning Call” that Friday’s strong jobs report probably means the Federal Reserve will increase interest rates. John Ryding, chief U.S. economist at Bear Stearns, believes the Fed will stay "on hold for a while " -- and then likely raise rates.
Market pros will be looking closely at the tech sector in the upcoming earnings season, but for investors seeking a quick pop, they need look no further than the energy sector as oil prices remain at record levels.
Current U.S. interest rate policy should promote a further drop in inflation although risks are still skewed toward higher prices, San Francisco Federal Reserve President Janet Yellen said on Thursday.
Sam Stovall, chief investment strategist at Standard & Poor’s, told CNBC’s “Closing Bell” that he expects the S&P 500 to close the year at about 1,550 -- but those taking a more cautious view peg the index at about 1,510.
Ahead of the U.S. Labor Department's jobs report on Friday, ADP Employer Services predicts that private employers added 150,000 positions for June. But two experts take issue with ADP's calculation. David Wyss, chief economist at Standard and Poor's, and John Silvia, chief economist at Wachovia, joined "Power Lunch" to discuss their weaker job views -- and what they think the Federal Reserve will do about them.
The second half of this year should be better for bonds than the "miserable" first half, said Jack Malvey, a fixed-income strategist at Lehman Brothers, on "Morning Call." "Collectively, investors had half a percent return," Malvey said about the first half of 2007. He added, bond risk will continue until at least September or October.
Walter Gerasimowicz, founder and chief investment strategist, Meditron Asset Management, told CNBC’s “Power Lunch” that a liquidity crunch could take the steam out of the current market.
The European Central Bank kept interest rates steady at 4% Thursday, as widely expected.
A bounce back in takeover activity, including Blackstone's bold $26 billion bid for Hilton, is giving strength to stock futures ahead of the opening on the second leg of this holiday-shortened week.
British interest rates look set to rise to a six-year high of 5.75%. Fifty six out of 70 analysts polled by Reuters last week predicted the Bank of England's Monetary Policy Committee would lift borrowing costs by another quarter percentage point later in the session - the fifth such hike since last August.
Jason Trennert, chief investment strategist at Strategas Research Partners, told CNBC’s “Squawk on the Street” that he likes technology and media companies.
Richard Cripps, managing director of portfolio strategy at Stifel, Nicolaus Capital Markets, told CNBC’s “Squawk on the Street” that the market is now consolidating and investors should move to quality stocks.
Any number of things, from energy prices to Fed policy to geopolitical events, could derail what's expected to be a solid second half.
Jack Ablin, chief investment officer at Harris Private Bank, told CNBC’s “Power Lunch” that hedge funds may be driving today’s market rally.
The headline is the shorthand for Mark Tinker's current investment approach. The Axa Framlington fund manager has a remit to buy global equities and is very focused on opportunities in Asia. Mark was our Guest Host on "Squawk Box" Monday.
On "Morning Call," two strategists agreed--naturally enough--that interest rates are a prime stock market mover. But they split on where rates and stocks are headed as the economy enters the fiscal year's second half. Ned Riley, CEO of Riley Asset Management, and Alan Lancz, president of Alan B. Lancz & Associates, offered their predictions to CNBC's Carl Quintanilla.
European equity markets were poised to rally higher next week as the interest-rate tightening cycles in Europe and Britain threatened to rain-in longer term gains.