China reported that its economy slowed in the first quarter to its weakest pace since records began in 1992 on Thursday. Mingchun Sun from Nomura sees a V-shaped recovery for the country, with 8% of real GDP growth this year.
The Dubai debt delay has given bond holders a shock because they thought buying Dubai’s corporate bonds would be low risk, Mark Tinker from Axa Framlington told CNBC Tuesday. They assumed the bonds would be backed by the government, but they aren't, Tinker added.
The dollar index is trying to find a bottom at current levels and will likely find strength in the next month or two, Roelof van den Akker from ING Wholesale Banking told CNBC Tuesday. The index could rise toward 78.50 points, Akker said.