A lack of improvement in inflation and GDP data means Abenomics isn't working, says James Purcell of UBS Wealth Management, who's been neutral on Japanese markets since January. » Read More
U.S. stock index futures pointed to very large declines for Wall Street Tuesday, following Asian and European markets lower, as the worsening nuclear crisis brought sellers out in droves.
European Union governments should consider the possibility of "stress tests" on European nuclear power stations to check they meet safety requirements, the EU's executive Commission said on Tuesday.
The market reactions to the tragic events in Japan over the last few days have been rational and investors will need convincing the nuclear crisis has been averted before any rally according to Bob Parker, a senior advisor to Credit Suisse in London.
The Bank of Japan needs to hold of market sentiment or risk the economy falling into a bigger-than-expected recession, according to Phillipe Gijsels of BNP Paribas Fortis Global Markets.
Japanese shares plunged on Tuesday as fresh explosions rocked a damaged nuclear plant and triggered a rise in radiation levels, sending investors fleeing from riskier assets such as equities and commodities across Asia.
The Japanese earthquake changed interest-rate expectations around the world and will boost the dollar as the yen loses its safe-haven status, according to Hans Redeker, the global head of foreign exchange strategy at BNP Paribas in London.
The Fed Tuesday is expected to show it remains committed to its easy money policies, which temporarily may take investor focus away from global events.
Following the huge losses on the Nikkei, with more than $700 billion dollars wiped off the Japanese market in just two sessions, one economist is predicting the tragic events in Japan will be an "excuse" 'to move to quantitative easing in all major markets.
Japan’s benchmark Nikkei 225 Index could break out of the downtrend it has been in for more than 20 years if it bottoms out and starts recovering from a new low not quite as sharp as previous depths, Robin Griffiths, technical strategist at Cazenove Capital told CNBC.
Even as workers race to prevent the radioactive cores of the damaged nuclear reactors in Japan from melting down, concerns are growing that nearby pools holding spent fuel rods could pose an even greater danger, the New York Times reports.
Japanese authorities continued to struggle to respond to the aftermath of Friday’s earthquake and tsunami as thousands remained missing and nearly half a million survivors huddled in temporary shelters, the Financial Times reports.
That the market will fall, and fall rapidly is a given. The key question is how far the market may fall before it finds support. The reaction to the Kobe earthquake provides some clues.
Japan combats crisis, the Fed considers inflation and Henry Kravis says hello. Here's some of what we’re watching — and therefore you should as well.
Stocks closed lower, although considerably off the lows of the day, as investors assessed how the massive quake in Japan was likely to affect stocks and the global economy. GE and Verizon fell, while Caterpillar rose.
The catastrophic events of the past week or so in Japan have many reaching for their wallets, seeking to help the afflicted nation and its people. Unfortunately, writing a check to a Japan earthquake specific charity fund might not be the wisest choice.
Stocks pared losses in the final hour of trading Monday as investors remained shaken in the aftermath of Japan's massive earthquake and tsunami. GE and Verizon fell, while Caterpillar rose.
Japanese markets are behaving consistent with recent post-disaster pattern: a lower stock market, lower government bond yields and a mixed outcome for the currency.
Despite Japan's massive earthquake and tsunami's impact on global markets, the escalating violence in the Middle East still poses the biggest threat for investors, according to Shawn Matthews, CEO of Cantor Fitzgerald, a privately-owned investment bank.
The biggest earthquake to hit Japan in 140 years, measured 8.9 on the Richter scale according to the U.S. Geological Service.