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Although global stocks were down again on Thursday, experts tell CNBC it is time to buy U.S. stocks, just not companies relying on the government.
Asian markets were sharply lower Thursday as weak U.S. retail sales highlighted the long road to economic recovery, prompting profit-taking on winning bets in equities, higher-yielding currencies and commodities over the past two months.
They are in the crosshairs of the auto task and passionate about their feelings over GM and Chrysler plans to drop dealers. What's interesting is that not all dealers are against the idea of trimming the dealer ranks, while others are fearing the end of business' that have been in their family for years.
For auto dealers, this may go down as the worst week ever. GM will announce plans to cut 2600 dealerships while Chrysler drops roughly 850. That's roughly 42% of the GM dealerships and 27% of the Chrysler stores going away.
Global stocks were higher Wednesday despite data out of China showing the country's industrial output rose less than expected in April. But experts tell CNBC there is real growth potential in the Asian economy.
Asian stocks wobbled Wednesday with markets in Japan and South Korea finishing higher but Australia closing lower as investors bought back defensive sectors after a solid rally in the last few months left them wondering whether it would last.
It's kind of like watching a car crash. You know it's sad. You know it's awful. But you can't stop looking at it. I'm not trying to be trivial about the plunge in GM shares this week.
Global stocks were mostly higher Tuesday as expectations grew that the worst may be over for the global economy. Experts interviewed by CNBC consider whether the expectations are founded.
Asian shares fell for a second consecutive session on Tuesday as some of the confidence that fuelled a recent rally was dampened by reports that highlighted the weakness in the global economy.
The rally in Asian markets ran out of steam Monday afternoon as investors took profits from the recent run up in stocks. The key benchmarks in Tokyo and Seoul crept up to close marginally higher after a choppy session.
Global stocks took a break Monday after a successful week of gains. Investors remain uncertain if the global economy is showing signs of recovery or signs of further deterioration. Experts give CNBC their predictions.
Shinsei Bank and Aozora Bank have agreed to merge around the middle of next year, the Nikkei business daily reported on Monday, a move that would form Japan's sixth-largest bank.
The fact Toyota posted it's first annual loss in 75 years is not surprising- almost every auto maker lost money this year. The fact this company lost $6.9 Billion in the quarter ending this March is staggering, but not so out of line that people are shocked. What is surprising is Toyota CEO Katsuaki Watanabe telling reporters in Tokyo his company was "lacking in the scope and speed of dealing with various issues."
The closely-watched US jobs report is due later on Friday, after results of stress tests late on Thursday revealed that ten banks need to raise up to $75 billion in fresh capital.
Asian markets were on shaky ground Friday ahead of U.S. monthly employment data, due out later in the session, that will provide another step in determining whether the recent signs of an improving global economy are real or just wishful thinking.
Investors are eagerly anticipating the release of the U.S. government's stress test results Thursday where a number of the 19 banks reviewed are expected to require fresh capital.
Asian markets rallied Thursday, as encouraging signs about the health of U.S. banks and the state of the global economy bolstered riskier assets such as oil and hurt safe-havens such as the yen.
Asian stocks were mostly lower while the yen rose Wednesday after news Bank of America needs $34 billion in fresh capital, sending shivers through investors ahead of official results of stress tests on U.S. banks due for release on Thursday.
Global stocks were mixed on Wednesday as investors became more cautious a day before the bank stress test results after reports that Bank of America may need to raise a substantial amount of capital.
Last Friday, as most people focused on Chrysler going bankrupt, making its first appearance in bankruptcy court and the mounting questions about whether its future was bright or bleak, Honda moved a little higher. It was typical Honda done with little fanfare. The "Steady-Eddie" of the car business moved past Chrysler to become number 4 in U.S. auto sales this year.