*Many markets around the region closed, as well as Europe, U.S. But many foreign investors were taking time off, and markets were closed in other key countries around the region, including Australia, Singapore, Hong Kong and South Korea. They will also be closed in Europe and North America.» Read More
Global stocks started the week lower Monday as concerns over the fate of General Motors and Western banks prevailed. Experts interviewed by CNBC weigh in on the outlook for the global economy and on hopes that China will pick up the consumption tab to pull the world out of recession.
Global stocks were mixed Friday, while the dollar fell, rolling back from 3-year highs as demand for euro zone government debt rose ahead of the US February jobs report. Experts tell CNBC that quantitative easing will help get the global economy back on track.
The Bank of England and European Central Bank slashed their interest rates to record lows today in an effort to bolster access to credit and contain the impact of a deepening recession.
Global stocks were down again on Thursday on investors' disappointment China did not announce new stimulus plans. Experts interviewed by CNBC weigh in on governments' efforts to stabilize the economy.
Global stocks were back in the green Wednesday, and the dollar rose to 3-year highs, as investors scrambled to limit risk. But concerns about the stability of the financial sector persist as Federal Reserve Chairman Ben Bernanke failed to rule out further bank bailouts in his testimony on Tuesday.
Global stocks were mixed Tuesday after the major selloff the previous day. Markets have been shaken by concerns that the global financial sector woes are deepening.
Global stocks fell to nearly 6-year lows Monday, as the dollar hit a 3-year peak after HSBC announced a $17.75 billion rights issue and AIG got a $30 billion cash injection from the US.
Stocks spent the last day of the week in the red Friday, dragged lower by nagging fears about the global economy and financial system. Experts tell CNBC that the dollar and bonds show short-term opportunities during the market volatility.
The yen tumbled to a three-month low against the dollar on Thursday. What's the trade?
European stocks rose Thursday on the back of the UK government's announcement that it would be launching a scheme which could end up insuring more than $712 billion worth of toxic assets in a bid to get lending flowing again.
Global stocks rose Wednesday after Wall Street's overnight rally spurred by Federal Reserve Chairman Ben Bernanke's reassuring comments on the financial industry. Bernanke said the government did not have plans to nationalize major banks at this stage.
Safe haven plays like gold and the dollar were down again Tuesday, despite the fall in global stocks, as concerns grew about the financial system, scaring investors off. Experts expect the precious metal's rally to continue past the record $1,030.80 it hit last March.
Despite the jumps in banks' shares in morning trade following reports the U.S. government may seek to get 40 percent in Citigroup, experts tell CNBC banks still have skeletons in their closets.
Global stocks ended the week in the red, near 6-year lows, as pessimism over the economy and banking sector set in, scaring investors away from stocks and back into bonds and gold.
Global stocks were mostly higher Thursday as recent selling pressure eased and safe-haven buying of the dollar and gold subsided, but reminders of the global economic gloom and financial sector woes kept investors cautious.
Global stocks were mixed Wednesday, a day after US President Barack Obama signed off on the $787 stimulus bill. Experts on CNBC said that although defensives were hot property last year, they are too pricey this year.
The euro rebounded Wednesday after falling to 2-1/2 month lows against the dollar the previous day. Gold also traded higher, above $970 an ounce, as investors steered clear of stocks on global economy worries.
A year ago UK lending facility Northern Rock was nationalized by the government. Since then, there has been the nationalization and saving of many more financial institutions worldwide.
Global stocks fell again Tuesday, with Japan's Nikkei index closing near a 4-month low and European markets trading at 2-week lows, as investors fled for safety from the deteriorating global economic conditions and volatile banks. Experts tell CNBC where to find good places to invest.
Global stocks were down Monday as doubts intensified about the health of the global economy after data showed Japan's economy shrank in the last quarter at the fastest pace since 1974. But experts interviewed by CNBC are still bullish on the yen.