*China and euro zone PMIs in focus. BRUSSELS, Feb 1- The Federal Reserve's upgraded view that growth in the world's biggest economy is "solid", and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week. Ructions over Greece's new anti-austerity government will also continue to grip markets, and could overshadow...» Read More
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.
The dollar climbed to a 4-1/2-year high against the yen, helped by data indicating U.S. retail sales growth in May was the highest since January 2006 which many investors took as a sign of a pickup in U.S. economic growth.
“Because interest rates were flat along the entire yield curve I was keeping exposure to bonds with maturities of less than 5 years. Now that interest rates are rising I am looking to extend my maturities.” -- Cary W., Arizona
Michael Darda, chief economist at MKM Partners, told CNBC’s “Street Signs” that the current Beige Book is the “best of all worlds.”
Yesterday, the folks over at online data tracker RealtyTrac gave me an exclusive on their monthly foreclosure numbers, because the numbers were just SO out of hand (and because I positively begged them). Foreclosure activity nationwide is up 19% from April to May and up 90% from May 2006 to May 2007. That’s big, and let me tell you, all the media outlets jumped on the bandwagon. ABC World News Tonight even led with the story.
China's yuan jumped against the dollar in early trade on Wednesday to its highest since its 2005 revaluation after the central bank set a much higher reference rate for the Chinese currency.
The dollar climbed against the euro Tuesday to two-month highs as rising U.S. Treasury yields lured investors.
I'm blogging to you from the J.P. Morgan Basics and Industrials Conference in mid-town Manhattan, where I've never in my life seen so many freaked out CEOs. I say this only because not nine months ago I attended a similar UBS conference, where the Homebuilder CEOs and their CFOs and their PR reps and their baggage handlers and their mother-in-laws were all fighting with each other to jump in front of our cameras to talk about the recovery shining brightly ahead in the housing market.