Market Tips: Big Pessimism on Housing Recovery
Trade was choppy for global stocks Wednesday ahead of the Federal Reserve's decision and statement. Experts tell CNBC they are skeptical of a recovery in the housing market.
Skeptical About Recovery in US Housing Market
John Carter, president of Trade The Markets is "very pessimistic" about a sustained recovery in the U.S. real estate market.
No Near-Term Recovery for Real Estate
Real estate firm DTZ says there is no near-term recovery in sight for the global property market, David Green-Morgan, Asia pacific research director at DTZ, said.
Risk of a Selloff in US Stocks
If the Fed delivers policy decisions that are in-line with what traders expect, expect to see a selloff in U.S. stocks, warns John Carter, president of Trade The Markets.
Downside Will Be Limited
Even though market volatility is expected to continue, Wong Sui Jau, GM at fundsupermart.com, tells CNBC that any downside will be limited.
Reality Check in Currency Market
The currency market is getting a reality check this week on the pace of the economic recovery, says Jan Lambregts, global head of financial markets research at Rabobank International.
Auto Demand Will Only Return in 1-2 Years
Demand for autos will only return in the next 1 or 2 years, says Yasuhiro Matsumoto, analyst at Shinsei Securities.
Copper Prices May Fall in the Short Term
Copper prices could come under some short-term pressure, cautions Nader Naeimi, senior investment strategist at AMP Capital.