ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations and citing lower inflationary pressure due to falling global oil prices. The International Monetary Fund saved Pakistan from possible default in 2013 by agreeing to lend it $6.8 billion over three years.» Read More
The stock market may not be returning double-digit gains -- but Mark Jordahl, chief investment officer at First American Funds, and Jack Ablin, chief investment officer at Harris Private Bank, still believe "investors need to be in the market." The CIOs joined "Closing Bell" to explain why.
Jeremy Zirin, senior equity strategist at UBS Wealth Management, told CNBC’s “Closing Bell” that strong earnings will continue to drive the stock market higher. Richard Cripps, managing director of Portfolio Strategy at Stifel, Nicolaus Capital Markets, said he expected the market to rise in the near term, but urged caution.
Drew Kanaly, chairman at Kanaly Trust Company, told CNBC’s “Power Lunch” that good Fed policy combined with the right moves on taxes, regulation and trade will continue to drive the stock market higher. He expects the Federal Reserve to cut rates in August or September.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
The U.S. Federal Reserve looks certain to hold interest rates steady when it meets this week and will likely restate worries on inflation, even while nodding to weak growth and an easing of price pressures.
"To sum up next week in one word: bumble," David Buik, marketing director at Cantor Index, told CNBC.com, adding that the strong gains seen in equity markets over the past weeks are likely to slow.
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.