Global stocks were mixed on Thursday, with Asian shares closing lower, while European shares edged up to trade flat on the day, ahead of U.S. third-quarter GDP data. Experts told CNBC that despite an expected rise in activity in the world's largest economy, oil is still susceptible to a drop in price.
Oil is Vulnerable to Selloff
Oil remains vulnerable to a selloff, says Mark Hansen director of trading at CPM Group. He tells CNBC that fundamentals in the markets are lagging.
US Demand Is Recovering
U.S. underlying demand is starting to recover and it is not entirely due to government stimulus, says Milton Ezrati, partner, senior economist and market strategist at Lord Abbett says.
Impact of US GDP on Stocks, Forex
If the upcoming U.S. third-quarter GDP comes in weaker-than-expected, it will be bullish for the dollar and bearish for the risky assets, Olivier Desbarres, director of FX strategy at Credit Suisse explains.
Doubtful About Quality of US GDP Growth
Andrew Freris, senior investment strategist for Asia at BNP Paribas Wealth Management is doubtful about the quality of U.S. third-quarter GDP growth.
US Stocks Have Room to Move Up
The stock market is having a correction but it is fundamentally looking to 2010 and has room to move up, says Milton Ezrati, partner, senior economist and market strategist at Lord Abbett.
Upbeat on Earnings
Earnings next year look good, says Greg Fraser, senior industrials analyst at Fat Prophets.
More Upside Seen for HK & China Markets
Jing Ulrich, MD & chairman of China equities & commodities at JPMorgan sees Hong Kong and China markets heading higher before year-end. She explains her upbeat outlook.