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Market Tips: Hot on US Banks, Not on Emerging Markets

CNBC.com
Thursday, 25 Jun 2009 | 5:20 AM ET

Global stocks were mixed Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery. Experts tell CNBC they like some U.S. financials, but are wary of emerging markets.

Cherry Picking Among US Financials

Bank of America looks attractive to Ron Ianieri of ION Options & Don Straszheim of Straszheim Global Advisors. They reveal their other picks and pans in the U.S. financial space.

Don't Park Your Money in HK Banks

With bank deposit rates in Hong Kong as low as 0.001%, the best way for HK residents to grow their wealth is to buy stocks or properties, suggests Francis Lun, GM at Fulbright Securities.

Worst is Yet to Come for Aussie Banks

The worst is yet to come for Australia's banking sector, say John Symond, executive chairman of Aussie Home Loans & Brett LeMesurier, banking analyst at Wilson HTM.

Inflation-Sensitive Stocks Rising

Inflation-sensitive stocks have picked up since March despite the Fed's message, observed Nardin Baker, senior portfolio manager at Alfred Berg Asset Management.

US Rate Hike Cycle Likely to Start in 2011

2009 will be the year of maximum policy exertion and the U.S. will see a more neutral policy stance in 2010, says Glenn Maguire, Asia Pacific chief economist at Societe Generale, as he assesses the outcome of the FOMC meeting.

Can the Fed be Trusted?

With allegations that the Fed engaged in a "cover-up" over its involvement in the Bank of America-Merrill Lynch deal, it raises doubts over Obama's proposed financial reforms, says Ron Ianieri of ION Options.

Dollar to Strengthen by Year-End

John Horner, forex strategist at Deutsche Bank does not see strong, sustained economic recovery. He tells CNBC he expects risk currencies like the Aussie, kiwi and the Canadian dollar to unwind some of their gains as growth data starts to disappoint.

Difficult Period for Emerging Markets

Stefan Hofer, emerging markets strategist at Julius Baer sees a difficult period ahead for the emerging markets.

Iron Ore Prices May Fall Due to China Discovery

The discovery of a huge iron ore mine in China could see prices head a lot lower, which may in turn hurt BHP Billiton and Rio Tinto's earnings, says Jonathan Barratt, MD of Commodity Broking Services.

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  • Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.

  • Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.

  • European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.