Market Tips: Financials Have Bottomed
Banks were one of the few sectors in the green Monday, as shares in Lloyds soared after the UK financial announced its chairman was stepping down following criticism over the HBOS merger. Experts tell CNBC that the worst is over for financials.
Financials Have Bottomed
Financials have bottomed, believes Bob Doll, vice chairman & global CIO of equities at BlackRock. But he tells CNBC that on any rally of a longer term nature, the financials will rise but less than the market.
Coffee Buzz, Not Sugar Rush
There is some upside in the coffee market but not so much in sugar and cotton, says Peter McGuire, managing director of Commodity Warrants Australia.
Impending Demise of the US Auto Industry
If the U.S. government would stay out of the auto industry, we would have a quicker unwind which may see the demise of this industry in the U.S., says Bob Doll, vice chairman & global CIO of equities at BlackRock.
Prospects of Intervention in Yen
If the dollar-yen cracks below the 95 mark, it could trade back down to 93, predicts Thio Chin Loo, senior currency strategist at BNP Paribas. She discusses what may prompt the BoJ to intervene in the yen.
Dollar-Yen Vulnerable to More Downside
The dollar-yen is vulnerable to further moves on the downside, says Ray Attrill, global head of research at Forecast.