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Market Tips: Play it Safe as Recovery Will Be Slow

CNBC.com
Thursday, 30 Jul 2009 | 5:31 AM ET

Global stocks rose Thursday after European corporate earnings cheered investors. Experts tell CNBC to play it safe as the economy will recover slowly.

Time to Reduce Risk Exposure

Investors should take chips off the table on risky assets in general, advises V. Anantha Nageswaran, CIO at Bank Julius Baer.

How to Guard Against Dollar Weakness

The Canadian dollar is a good diversification play against the U.S. dollar, according to V. Anantha Nageswaran, CIO at Bank Julius Baer. He also reveals how else he is diversifying if the greenback continues to weaken.

Long Dollar The Way to Go

The market is ahead of itself on the recovery story, so go long on the dollar as investors will look for safety, says Jim Vrondas, manager of corporate business at OzForex.

Gold Investment & The Global Economy

Jason Toussaint, MD of exchange traded gold at the World Gold Council recommends continued investment in gold as a safe-harbor play given that the global economy is not out of the woods yet.

Strong Earnings Due to Cost-Cutting

The U.S. earnings improvement is mostly due to cost cutting measures, says Daniel Frishberg, chief investment strategist at LafferFrishberg.com.

There's No Bubble in Chinese Stocks

Valuations for Chinese stocks are far from bubble conditions, says Geoff Lewis, head of investment services at JPMorgan Asset Management.

Hang Seng's Correction to Continue

Francis Lun, GM of Fulbright Securities expects the correction in the Hang Seng Index to continue. He tells CNBC that he expects the index to fall below 20,000 during Thursday's session.

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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.