Wordwide Exchange

Carlton Neel, senior managing director at Virtus Investment Advice, told CNBC, " I think it is going to be a very positive thing for the market, if you look over the course of the last couple of years, going back to the fall of 2010 when QE 2 was announced , that was very bullish for most risk assets and certainly stocks."

Boris Epshteyn, founder of Strategy International and Vince Morgan, Democratic Candidate of NY-15 Congressional, joined CNBC to discuss the progress of the Republican primary.

Ken Kamen, president, Mercadien asset management, told CNBC, "I think we are really getting to the spot when people are realising that we are going to get some resolution, I mean this dragging on and dragging on is because no one likes to give up anything, so you wait to that last minute like this huge game of poker."

Helen Lau, metals and mining sector at UOB Kay Hian , told CNBC, "we think China's steel sector still faces over capacity issues and high debt to equity ratio but the reason we over rate the sector is that we see the size of demand turn around and the earnings turn around in 2012."

Michael Mass, chief economist at Alpha Bank, told CNBC, "obviously every euro for debt relief is welcome, even coming from the ECB but on the other hand the ECB has other systemic tasks and one of them is to make sure there is no precedent with other countries coming to the same predicament as Greece down the road."

Richard Jerram, chief economist at the Bank of Singapore, told CNBC, "I think you want to see all sides making concessions and it doesn't make any sense if the ECB is a blockage to a deal when on the other hand it is making such an effort to stabilize the financial system."

Chris Viehbacher, CEO of Sanofi, told CNBC, "2012 has been circled in red in my calender for over three years, but equally we set out three years ago to seek sustainable growth in animal health, consumer health our diabetes franchise, our vaccines franchise, we are unbelievably strong in emerging markets, all of those businesses are growing in double digits this year."

Bob Dudley, CEO of BP, told CNBC, "we have said all along that we would be open to a settlement if it were reasonable but we are preparing vigorously for the trial on the 27th."

Tom Bergin, European Oil & Gas correspondent at Reuters, told CNBC, "unfortunately it will take us quite a few years for BP to get back to where we were before the oil spill. Before that BP was paying out 14 cents a share per quarter and now we have gone from seven up to eight cents, so it is progress but pretty muted progress."

Chris Watling, CEO of Longview Economics, told CNBC, "our view is that inflation is much stickier than the central banks would like to admit and so we are clearly going to get some easing in headline inflation but it looks to me as though we will see it not ease as much as they want, it is a real concern..."

Jonathan Cavenagh, senior FX strategist at Westpack Bank, told CNBC, "we think the domestic economy in Australia, outside the mining sector, is under quite a bit of pressure at the moment, tourism and manufacturing exports suffering a lot in the weak global environment."

Simon Grose-Hodge, head of investment advisory at LGT Bank Singapore, told CNBC, "if you look at it on a broader perspective the earnings in Europe are quite disappointing particularly relative to what we are seeing in the US where the majority of companies are continuing to beat expectations."