Chinese policymakers are likely to cut interest rate and reserve ratio requirements this quarter, JPMorgan’s Chief Asian and Emerging Markets Equity Strategist, Adrian Mowat, told CNBC’s “Squawk on the Street” on Thursday.
Lending should continue to increase in the third quarter, but at a slower pace than the second quarter, regional bank PNC Financial CEO James Rohr said on CNBC’s “Squawk Box” Tuesday.
The economic slowdown in China and the European debt crisis haven’t dented premium luggage and briefcase maker Tumi’s growth, CEO Jerome Griffith told CNBC’s “Squawk on the Street” after its better-than-expected second-quarter earnings announcement on Tuesday.
Regulators likely won’t break up the big banks, but if financial institutions' performance doesn’t improve, they may come under increased pressure to split themselves up, Thomas Michaud, CEO of investment bank KBW, told CNBC’s “Street Signs” on Monday.
Stocks rallied to three-month highs, snapping a four-day losing streak, after today’s jobs report was better than anticipated but still left the door open to additional Federal Reserve measures to stoke growth. Markets also appeared more confident the European Central Bank will act to contain the euro zone debt crisis.
Stocks closed down for a fourth session, but well off their lows, after ECB chief Mario Draghi disappointed markets by not undertaking immediate steps to stabilize the euro zone. While Draghi left the door open for additional policy measures in the coming weeks, investors were expecting concrete actions today after the central banker pledged to "do whatever it takes" to save the euro last week.
U.S. stock index futures are pointing to a sharply lower open, after the European Central Bank fell short of market expectations at its meeting today. The ECB failed to take undertake immediate action to buy bonds. ECB chief Mario Draghi only said that the central bank may undertake outright open market operations within its mandate and that it will design plans over the coming weeks for such measures.