ECB Keeps Rates at Record Low
Airtime: Thurs. Oct. 7 2010 | 7:45 AM ET
The European Central Bank kept interest rates on hold Thursday, as expected. Jörg Krämer, chief economist at Commerzbank, considers the strategy of the central bank.
Airtime: Thurs. Oct. 7 2010 | 7:45 AM ET
The European Central Bank kept interest rates on hold Thursday, as expected. Jörg Krämer, chief economist at Commerzbank, considers the strategy of the central bank.
Discussing the risk of global currency wars, with Christian Carillo, head of Asia-Pacific interest rate strategy at Societe Generale Corporate & investment Banking. He tells CNBC’s Karen Tso and Sri Jegarajah, that with economies underperforming, domestic political pressures will increase for measures that will not be beneficial to anyone.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
Fitch Ratings downgraded Spain’s credit rating by one notch on Friday, with Win Tin, Brown Brothers Harriman sr. currency strategist.
Bernanke on Monetary Policy, State of Economy 2.24.10, Airtime: Wed. Feb. 24 2010, Federal Reserve Chairman Ben Bernanke delivers his opening statement at a Congressional hearing on monetary policy and the state of the economy.
Jim Chanos Shares Short View on the Markets, stock market research, shorting stocks, how to short stocks
Don Peebles, chairman and CEO of the Peebles Corporation, discusses the real estate market and his new ventures with CNBC.