BEIJING, March 8- It will be hard for China to avoid short-term economic pain from interest rate reforms, central bank governor Zhou Xiaochuan was quoted by state television on Saturday as saying.» Read More
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.
Stocks may open higher after early weakness on this final day of the second quarter. European markets are mostly lower, and Asia was mixed with Tokyo up 1%. The discovery of an explosive device in a car in London impacted market tone in Europe.
The Federal Reserve left its benchmark interest rate unchanged at 5.25% and said core inflation has "improved modestly," dropping its previous description that inflation as "elevated." However, the Fed reiterated that its main concern was that inflation might fail to moderate.
Growing concerns about credit quality are likely to delay some big leveraged buyouts over the next few months, CNBC's David Faber reported. “It doesn’t mean that any of the announced deals are not going to close, but they may ultimately cost more,” Faber said.
David Sowerby, chief market analyst at Loomis Sayles & Co., told CNBC’s “Squawk Box” that the Federal Reserve will leave interest rates unchanged on Thursday while maintaining their concern about inflation.
U.S. Federal Reserve policy-makers resumed their meeting Thursday and were expected to announce in early afternoon that after two days of deliberation they were leaving target borrowing costs unchanged.
Stocks are flat ahead of the opening, though stock markets worldwide are springing higher on the back of Wall Street's gains Wednesday. The focus today is on the Fed.
Shares of Northern Rock plummeted 12% after the U.K. mortgage lender cut its 2007 profit expectations Wednesday, as higher interest rates weighed on funding costs and the prospects for real estate in Britain.
The Federal Reserve’s two-day meeting on interest rates, inflation and the economy started Wednesday. Is the Fed overly concerned with inflation? Carl Tannenbaum, chief economist at LaSalle Bank, and Paul Kasriel, senior vice president and director of economic research at Northern Trust Company, offered their insights on “Morning Call.”
Stock futures point lower this morning after a weak showing in equities markets worldwide. European stocks are trading lower, and Asian markets were mostly down overnight. Volatility will no doubt be the tone of the day, as the Fed starts its two-day meeting. Durable goods fell 2.8%, below expectations. The dollar slid after the report and Treasurys rallied.
U.S. mortgage applications fell for a second straight week as interest rates remained near recent highs, an industry group said Wednesday.
Keeping inflation under control as the economy emerges from a yearlong sluggish spell is certain to be a matter of lively debate for Federal Reserve policymakers.