The dollar hovered at a two-month high versus the yen and stood firm against other peers after surging on a higher-than-expected U.S. core CPI.» Read More
While Asian stocks were predominately lower Thursday on the back of Wall Street's overnight falls, European stocks rose on the back of the UK's government support for the banking sector.
Global stocks rose Wednesday, rebounding from severe lows earlier this week, as comments out of the US on the economy and banking sector raised investors' hopes and led them to get back into riskier assets.
Global stocks were down Tuesday on heightened fears over the stability of the financial industry. Wall Street sank to an 11-year low overnight on reports the government may take a 40 percent stake in Citigroup.
Gold fell away from the $1,000 level it hit last Friday as global stocks rose as reports that the US government may raise their stake in Citigroup gave banks a boost and relieved investors.
Talk of more bank nationalizations and dampening economic data dragged global stocks to 3-month lows Friday. In the current market volatility, experts tell CNBC where they see short-term investment opportunities.
The euro was higher against the dollar Thursday, after suffering several days of losses versus the US currency, as investors cautiously crept back into stocks. But experts tell CNBC the dollar's strength will continue through to the end of the year.
For the week ending Friday, February 6, 2009, stocks edged up on a surprising rise in December pending home sales, a smaller than expected contraction in January’s ISM Non-Manufacturing Index, and strong earning results from the pharmaceutical sector.
A day after Obama's stimulus plan was passed in the senate and the Dow dropped 4.6 percent, the S&P 500 is heading to set new lows.
Investors will have to short government bonds at some point despite their current attraction, as the amount of debt issued is "staggering" and inflation risks are down the road, Jim Rogers, CEO of Jim Rogers Holdings, told CNBC Tuesday.
The S&P 500 could rally towards 900 points and a dip in the index to between 810 and 820 would be a buy signal, Paul Daly from MIG Investments told CNBC on Tuesday.
Today, the British pound has been unceremoniously thrown beneath the carriage and trampled (Tut Tut!) as story after story all point in the same direction, says Andrew Busch.
The rally on the Dow Jones Transportation Index will fail and a long-term downturn can be expected for the index, Roelof Van den Akker, chartist at ING Wholesale Banking said Tuesday.
US President Barack Obama won't be there, but many other major world leaders will be on hand, and policy experts say they'll have to do more than just show up if they want to jumpstart the global economy.
The euro will not be around in the next 20 years, but Britain would have been better off had it joined the single European currency when it had a chance, legendary investor Jim Rogers told a British newspaper.
Global stocks ended the week lower Friday on heightened economic fears. The dollar and government bonds gained as investors parked their money in safe havens.
The yen rose toward a 13-1/2 year high against the dollar and a seven-year peak versus the euro on Thursday. While the sterling fell again against the greenback, nearing $1.3618, its lowest since September 1985.
Global stocks were down again Wednesday on continued signs of trouble in the financial sector. Experts tell CNBC that there is more bad news to come.
Barack Obama will become the 44th President of the United States on Tuesday. Ahead of Obama's inauguration, global stocks were mixed on investors' concerns about the economic difficulties confronting the incoming president. Experts on CNBC expect the dollar and U.S. stock market to fall on Obama's induction.
Like children at a funfair with a few quid in their pockets, Gordon Brown and Alistair Darling have dropped their latest coin (this one’s worth 100 billion pounds, or $146 billion) into the whack-a-mole game that is the UK financial market.
Global stocks were up Thursday after the U.S. said it would support Bank of America's purchase of Merrill Lynch with a $20 billion investment by the government and a promise to protect against losses on bad loans, removing a risk for investors. Experts highlight four perils that will dominate 2009.