The European Central Bank left its core interest rate on hold at 1.0% Thursday. Karsten Junius from DekaBank, Brendan Brown from Mitsubishi UFJ Securities International and Neil MacKinnon from VTB Capital discuss the outlook for Europe.
According to Bain & Co, China has swept past the US as the world’s #2 luxury market, and it’s expected to grow 15% in 2010. Shaun Rein, managing director of China Market Research Group, speaks to CNBC’s Chloe Cho about luxury brands big push into China.
CNBC’s Larry Kudlow discusses his one on one interview with Treasury Secretary Timothy Geithner.
Discussing whether there will be a double-dip and if the Fed should print more money, with Richard Fisher, Dallas Fed president and CNBC’s Steve Liesman.
President Obama discusses the amount of jobs loss and his plans for improving employment and the economy by increasing foreign trade.
Wednesday, July 7, 2010 Market Commentary: Stocks scored a follow-through day (FTD) on the fourth day of their latest rally attempt as volume, a critical component of institutional sponsorship, topped Tuesday’s levels. Advancers trumped decliners by over a 5-to-1 ratio on the NYSE and over a 3-to-1 ratio on the Nasdaq exchange. However, there were only 7 high-ranked…
What’s next for the markets, with Mohamed El-Erian, PIMCO CEO & co-CIO and Douglas Holtz-Eakin, Financial Crisis Inquiry Commission.
Bernard Schwartz, CEO of BLS Investments, tells CNBC about his $1 trillion jobs plan.
Private equity firm Fortress Investment Group has made two deals in the commercial real estate arena. Daniel Mudd, CEO of the Fortress Investment Group, discusses the deals with CNBC.
The market remains in a correction, which emphasizes the importance of raising cash and adopting a strong defensive stance until a new follow-through day emerges. For the past several weeks, this column has steadily noted the importance of remaining very selective and disciplined because all of the major averages are still trading below their downward sloping 50-day moving average (DMA) lines. In addition, their 50 DMA lines may continue to act as stubborn resistance. It was also recently noted that the NYSE Composite and the benchmark S&P 500’s 50 DMA lines sliced below their respective 200 DMA lines, an event known by market technicians as a “death cross” which usually has bearish implications. Trade accordingly.