- Obama to Outline Strategy to Boost US Exports to Asia
- Friday May See 'Risk Trade' Stalling; Dollar in Focus
- Job Market Politics to Keep Interest Rates Low
- AIG, Symbol of Crisis, Watches Its Stock Zoom Back
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Bill Gates Praises Apple's Jobs for 'Saving the Company'
- Cities With the Most Home Price Reductions
- Is Euphoric Market Ignoring Warning Signs?
- Video Game Sales Plunge, but Have They Hit Bottom?
- EXCERPTS and IMAGES: Warren Buffett & Bill Gates - Keeping America Great
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Gold Is a Bad Inflation Hedge—Like Oil: Stock Picker
- Intel's Andy Bryant Offers An Explanation
- US 'Actively Working' on Weaker Dollar: Fund Manager
- Options Boil on Biotech Buyout Rumors
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- 5-Star Manager's 5 Stocks for Changing Markets
MOST SHARED
- Pharma & Social Media
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- Cities With the Most Home Price Reductions
- Warren Buffett and Bill Gates Share Their 'Optimism' With Eager Columbia Business Students
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Is Euphoric Market Ignoring Warning Signs?
- China Fourth Quarter Growth Could Hit 10%: Official
- Obama to Outline Strategy to Boost US Exports to Asia
Text Size 
Global markets tumbled severely on Friday as fears of a global economic slowdown reached a crescendo.
Sterling plunged to new lows against the dollar, in the region of $1.55, after data revealed that Britain's economy contracted more than expected in the third quarter. In the midst of recession worries, CNBC's experts call for further rate cuts.
 |
Euro Interest Rates May Be Cut
Interest rates may have to come down further in Europe as we could be facing an L-shaped recession whose length is difficult to predict, Ewald Nowotny, Austrian Central Bank Governor and European Central Bank policy maker told CNBC.
UK Rates at 2% Next Year
The UK economy shrank more than expected in the third quarter, its first contraction since the second quarter of 1992. Sarah Hewin, senior economist at Standard Chartered told CNBC she expects the Monetary Policy Committee to cut rates by 50 basis points in the November meeting and another 50 basis points in the December meeting.
Hewin expects UK interest rates to be down to 2 percent next year.
RBI May Cut Repo Rate Again
The Reserve Bank of India may ease its repo rate and cash reserve rate by another 50 basis points, says Vishnu Varathan, regional economist at Forecast. He also sees more scope for cuts thereafter.
US Stocks May Hit New Lows
 |
The U.S. markets could hit new lows before the end of the year, believes Howard Lutnick, chairman & CEO at Cantor Fitzgerald. He tells CNBC that what the financial markets really need is a floor under the U.S. housing prices.
Which Sectors Are Oversold?
The financial, energy and materials sectors are oversold, believes Mike O'Rourke, chief market strategist at BTIG.
HSI May Be Close to Bottom
According to Steve Tse, research manager at BEA Union Investment Management, the Hang Seng Index is very close to the bottom. He tells CNBC that 13,000 points is the bottom for the index.
Markets May Find Stability Soon
Within the next few weeks, the markets might be able to stop their losses and find stability at the bottom, says Enzio von Pfeil CEO of EconomicClock.com.
Aussie-Dollar May Hit Low of $0.59
The Aussie dollar will probably find a bottom in the first-quarter of 2009, says Richard Grace, chief currency strategist at the Commonwealth Bank of Australia. He tells CNBC that the Aussie-dollar could hit a low of $0.59.
Print
Email
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- They may have wrecked their companies or saved our economy. Tell us what you think.
- Big pharma embraces social media, but how much should a tightly regulated sector say on Facebook or Twitter?
- A European dating site finds lovelorn singles from one country to be consistently uglier. Which is it?
- Contributor David Pogue looks at two of the latest efforts to perfect the digital pocket camera.
- PepsiCo is ramping up its onsite health facilities for workers.
Data is a real-time snapshot *Data is delayed at least 15 minutes