Following Goldman Sachs' negative call on crude prices which took the wind out of the commodities rally this week, Bank of America Merrill Lynch is predicting a 30 percent chance that Brent crude could hit 160 dollars a barrel in 2011.
Spanish Prime Minister Jose Zapatero is on a tour of Asia this week playing up the fact that key investors like China are more than willing to buy his government’s debt, despite Portugal’s decision to ask the European Union for support.
Since the March 2009 lows, stocks have outperformed when earnings have been hitting the tape and been held back outside of earnings seasons when macroeconomic news has dominated, according to Mark Tinker, a global portfolio manager at Axa Framlington in London.
Low market volumes and stiff competition have led to a sharp fall in “high-frequency” trading as industry experts warn that the past two years of rapid growth may be coming to a halt, reports the Financial Times.
Loose monetary policy will not solve the euro zone’s structural imbalances and the ECB needs to focus on price stability to help rein in commodity-led inflation, according to incoming ECB Board Member Peter Praet.
The International Monetary Fund says the US lacks a credible strategy to stabilize its mounting public debt posing a small but significant risk of a new global economic crisis. The Financial Times reports.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil is headed, particularly in light of Goldman Sachs' recommendation that investors take profits.
CNBC's Kayla Tausche says the Fed has goaded investors into a hunt for yield. As a result, they're moving into longer-term bonds and riskier assets.
Business travel is picking up. Is it time to bet on Vegas and airline stocks? Robert LaFleur, Hudson Securities Gaming and Lodging analyst, and Jim Corridore, Standard & Poor's airline analyst, discuss the best bets in these sectors.
Looking ahead to first quarter earnings reports, following Alcoa's mixed results, announced yesterday, with Ashwani Kaul, Kaul Advisory Group, and Andrew Ross Sorkin, The New York Times. Also, the impact of high oil.
Rising commodity prices mean investors should stay clear of consumer discretionary stocks, according to Nomura strategist Ian Scott.
Popular anger at bailouts and austerity has already toppled leaders on the euro zone’s periphery. Now, anger is beginning to infect Europe’s prosperous core, reports the Financial Times.
Francis Ford Coppola, the oenophile film director, has lured a wine expert from Château Margaux, one of Bordeaux’s first growths, to reinvigorate his California winery.
Nokia’s board expects the mobile phone company to suffer more losses in smartphone market share before it enjoys gains from its radical change in strategy, said Jorma Ollila, chairman, the Financial Times reports.
Ivan Glasenberg has broken a decade-long silence ahead of the launch of Glencore’s initial public offering this week, saying that the flotation will give the world’s top commodities trader the financial firepower it needs as consolidation gathers pace, the FT reports.
Analysts expect companies to report slower growth in profits for the first quarter as rising commodity prices dent profit margins and risk hitting consumer spending. The FT reports.
The amount of debt held on the world’s balance sheets, whether they are governments, individuals, businesses or banks has people worried.
The remarkable thing about all consensus forecasts is that they are so wrong so often, Richard Cookson, the CIO of Citi Private Bank said in an interview with CNBC Monday.
BP will launch a final attempt this week to salvage a proposed alliance with Rosneft, the Russian state oil group, and intends to seek Russian government approval to buy out its billionaire partners in TNK-BP or do so in tandem with Rosneft.