The euro stayed well-bid on Tuesday, scaling a fresh five-year high on the yen and a six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.» Read More
Call it what you will: an act of rebellion; blind myopia; a cry for help … but I'm actually starting to believe in the global recovery story.
Global stocks snapped their winning streak Tuesday on worries over the U.S. economy deteriorating further as American Express said its credit card default rates soared last month, hammering home the heavy toll the financial crisis has had on the consumer.
Global stocks rose again Monday, for the fifth consecutive session, lifted by hopes that the U.S. economic downturn may be bottoming out and with investors seeking to take advantage of cheaper stocks.
Friday the 13th appeared lucky for global stocks as they traded in the green for a fourth consecutive day, boosted by reassuring news out of the financial sector that both Citigroup and Bank of America are well capitalized. Experts tell CNBC that the current rally may last a little longer.
Economic gloom returned to the markets Thursday with warnings about further declines in demand and production hitting stocks and boosting bonds. Experts tell CNBC that the US economy will remain weak while China, despite grim data, is also showing some signs of stabilization.
US banking stocks could post a huge rally as the market is moving away from its downside momentum, Chris Locke, a technical analyst from Oytsertrade.com told CNBC.
The Dow Jones Transport Index, widely believed to be a predictor of where US markets are going, shows signs of bottoming out, Roelof van den Akker from ING Wholesale Banking told CNBC.
Global stocks rose Tuesday on optimism over the global economy as top U.S. officials on Monday urged other countries to step up spending to combat recession. But experts interviewed on CNBC see this rally as fragile and short-lived.
Global stocks started the week lower Monday as concerns over the fate of General Motors and Western banks prevailed. Experts interviewed by CNBC weigh in on the outlook for the global economy and on hopes that China will pick up the consumption tab to pull the world out of recession.
Global stocks were mixed Friday, while the dollar fell, rolling back from 3-year highs as demand for euro zone government debt rose ahead of the US February jobs report. Experts tell CNBC that quantitative easing will help get the global economy back on track.
The Bank of England and European Central Bank slashed their interest rates to record lows today in an effort to bolster access to credit and contain the impact of a deepening recession.
Global stocks were down again on Thursday on investors' disappointment China did not announce new stimulus plans. Experts interviewed by CNBC weigh in on governments' efforts to stabilize the economy.
Global stocks were back in the green Wednesday, and the dollar rose to 3-year highs, as investors scrambled to limit risk. But concerns about the stability of the financial sector persist as Federal Reserve Chairman Ben Bernanke failed to rule out further bank bailouts in his testimony on Tuesday.
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.