Pros Say: Expect US Economy Turnaround Soon
Global stocks were mostly higher Tuesday as expectations grew that the worst may be over for the global economy. Experts interviewed by CNBC consider whether the expectations are founded.
US Likely to Recover Before Europe
Expect a turnaround soon in the U.S. economy but Par Magnusson, senior analyst at Danske Bank is less optimistic about Europe.
Trouble Brewing in the US?
It is not a good sign that no one seems to believe what Fed chief Bernanke said about a strong dollar and U.S. economy, says Linda Yueh, fellow in economics at Oxford University. She assesses the road ahead of the U.S.
Expect a Second Leg of Dollar Weakness
Although John Kyriakopoulos, head of currency strategy at National Australia Bank sees a bit of dollar strength in the near term, he expects a second leg of dollar weakness for the rest of '09.
Dollar-Yen Stuck in a Range
The dollar-yen cross is unlikely to break out of its 95-100 yen range, believes Harry Ida, senior analyst at Thomson Reuters.
Worst May Be Behind Us
Stephen Davies, CEO of Javelin Wealth Management believes that the worst may be behind us. But that does not mean adopting a 100% equity allocation at the moment.
This is Not a Normal Recession
This is not your normal recession, where you get destruction of capital and the economy goes into a downturn. Instead, what you get is destruction of investment, notes Linda Yueh, fellow in economics at Oxford University.
Asia's Recovery Will be Short Lived
Asia is headed for a reasonably strong upturn in the second-half but TJ Bond, MD & chief Asia economist at Bank of America Securities-Merrill Lynch warns that this recovery is likely to be short lived.
Japanese Stocks May Have Hit a Peak
Do not expect more upside in the Japanese market from the current levels, cautions Naomi Fink, Japan strategist at Bank of Tokyo Mitsubishi.