Market Tips: Oil to Fall Sharply in Fourth Quarter

Thursday, 16 Jul 2009 | 8:09 AM ET

Global stocks and oil prices were rocky Thursday as investors await results from JPMorgan and Google to determine the corporate earnings climate. Experts tell CNBC that oil is likely to fall sharply at the end of the year.

Oil Prices Likely Decline in Q4

Expect a steep decline in oil prices in the fourth-quarter of 2009, says John DiPlacido, oil trader and president at Energex.

Hot Sectors in M&A

Resources will continue to be the center of M&A activity, notes Todd Marin, head of investment banking, Asia Pacific JPMorgan. He also tells CNBC which other sectors are worth watching.

Look to Corp Bonds and Asia

Corporate bonds and emerging Asia are still the most attractive investment areas, Charles MacKinnon, CIO of Thurleigh Investment Managers, told CNBC.

Upbeat on China

Mark Konyn, CEO of RCM Asia Pacific sees opportunities in China as he believes we will continue to see strong liquidity in the market there.

S&P Could Slump 100 Points

The S&P index could fall toward 800 points in the coming months as economic uncertainty remains, Martin Marnick from Helmsman Global Trading told CNBC Thursday.

Stocks to Tread Water For A While

"The market has to fight a headwind over the next couple of months. You're in that seasonal period where stocks are going to tread water very likely before they make their final yearend sprint to positive territory," David Sowerby from Loomis Sayles said.

Intel Earnings Make Tech Sector Appealing

"The real shot in the arm obviously was the Intel numbers," David Sowerby from Loomis Sayles said Thursday of the positive start to earning season. "The key was better revenue growth than expected, better gross margins than expected, raised guidance." He suggests being overweight in the tech sector.

Good Earnings Aren't Enough

Strong corporate earnings probably won't be backed up by earnings upgrades, which are the key to the outlook, Khuram Chaudhry from Banc of America Securities - Merrill Lynch told CNBC Thursday.

Sidestep AUD & Kiwi Dollar

Use any dip in risk appetite to buy some of the riskier currencies, but not the Aussie dollar or Kiwi dollar, advises Olivier Desbarres, director, FX strategy at Credit Suisse.


  • Pro-Russian activists seized the main administration building in the eastern Ukrainian city of Donetsk.

    Deadly clashes in eastern Ukraine have spiked fears of all-out war in the region. So who are the armed, flag-waving rebels who appear to be behind it all?

  • An employee wipes a TV screen in a shop in Moscow, on April 17, 2014, during the broadcast of President Vladimir Putin's televised question and answer session with the nation.

    Russian President Vladimir Putin warned of possible disruption to Europe's gas supply on Thursday, as the U.S. confirmed it would send additional military support to Ukraine.

  • The recovery in the EU's car industry carried on through March, providing some much needed cheer for automakers.

  • Amazon is facing fresh strikes in Germany after pay negotiations with the country's second-largest union Ver.di broke down, the Financial Times reports.

Contact Europe News


    Get the best of CNBC in your inbox

    › Learn More

Europe Video

  • 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.