Global stocks were lower Monday, with Asian markets falling to their lowest in two weeks, as investors raked in profits amid gloomy U.S. consumer data and a growing belief that market valuations had overtaken economic fundamentals.
But experts tell CNBC stocks could go higher and the U.S. could exit recession next month.
US Recession to End in September: S&P Economist
David Wyss, global chief economist at Standard & Poor's expects the U.S. to see positive jobs growth in September, and the recession to officially end the same month.
No Smooth Ride for US
Expect volatility to be seen in the U.S. economic data, says Sean Callow, senior currency strategist at Westpac Bank.
Valuations Look Stretched in the Long Term
Global markets may extend upward in the short term, but valuations are looking a little stretched over the longer term, says Mark Fuchs, CEO from Fuchs Capital Partners. He tells CNBC why he's banking on stocks in Malaysia, Thailand and Indonesia.
HSI Finds Support at 20,300 Points
Citic Pacific is likely to divest its stake in Cathay Pacific, says Alex Wong, director, asset management at Ample Capital. He tells CNBC that the Hong Kong market continues to find support at 20,300 points and the current retreat will be mild.
Dollar-Yen to Head Lower
Overall the dollar-yen is biased lower, says Sean Callow, senior currency strategist at Westpac Bank.
Bearish on Euro; Buy Aussie on Dips: Economist
Risk aversion remains a key trading theme, says John Noonan, senior FX analyst at Thomson Reuters, as he discusses the yen's strength and the euro-dollar cross.
The sugar market is the "darling" of the commodities sector, says Wayne Gordon senior analyst, commodities & rural economics Rabobank.