After appearing on "The Strategy Session" on Monday, Michael Gavin, managing director and head of emerging markets strategy at Barclays Capital spacer, continued the discussion off-air with David Faber, about how investors should weigh the risk of sharp price appreciation against the rewards of high-octane growth in India.
Inflation worries over emerging markets are cyclical and short-term, Michael Gavin, managing director and head of emerging markets strategy at Barclays Capital spacer, told CNBC on Monday.
"All the trading on Egypt happened last week," says Ben Willis of Sunrise Securities.
Bob Diamond will stamp his authority on Barclays next month, when the incoming chief executive announces a radical overhaul of the way it pays its top bankers as part of a broader strategic review that could see the group shed staff and put increased pressure on underperforming businesses. The FT reports.
Stocks closed far off the lows of the session, with the broad market ending largely flat, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day.
Stocks held slight losses before the close, after a breif stint in positive territory, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day. Caterpillar and DuPont fell, while Home Depot rose.
Bob Diamond, the CEO of Barclays, told lawmakers on Wednesday the time for "remorse and apology" is over and attempted to convince politicians that "we need banks willing to take risks, to be confident and work with the private sector in the UK to create jobs and improve economic growth." Diamond said he wished the bonus issue could go away, and he might just get his wish.
The barrage of reports from strategists on what investors should expect in 2011 has finally subsided and now, Birinyi Associates has issued a report on the reports. In a brief paper called, “Themes and Stocks for 2011” Birinyi analysts have waded through the verbiage of Wall Street’s strategists and came away with a few nuggets of note.
Why didn't a series of better-than-expected economic reports spark buying? The data was clearly bullish.