The market sentiment has soared all around the world including the Asian equities as well. In an interview to CNBC-TV18, Richard Harris of Port Shelter Investment said that strong equity growth is the main reason for the sharp rise in the market.
While investment strategists in the U.S. view a Republican victory as positive for the stock market given their presidential candidate Mitt Romney`s pro-business policies, market players in Asia believe a win for the former Massachusetts Governor would in fact be negative for equities on their side of the world.
Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.
China is prepared to buy more EU government bonds amid a worsening European debt crisis that is dragging on the world economy, announced Premier Wen Jiabao, in the strongest sign of support for its biggest trading partner in months.
Delhi-based communications consultant Sanjiv Kataria is not going to the US this August to accompany his daughter as she starts a master's degree program at the University of Pennsylvania in Philadelphia.
Gold was little changed around USD 1,571 a n ounce on Wednesday after falling in the previous session on worries that a global economic slowdown triggered by a worsening debt crisis in Europe could prompt investors to turn to the safety of the US dollar.
Sarah Hewin of Standard Chartered talks about what global markets are possibly expecting from the EU summit and what can practically be delivered.
Germany's resistance to a banking union and stimulus measures is in the way of a solution to Europe's debt crisis, and could turn this week's meeting of the region's leaders into a 'fiasco', according to billionaire investor George Soros.
The continuing depreciation of the rupee is because of two factors - current account and capital account, says Brijen Puri, head FX trading, JPMorgan.
JPMorgan Chase & Co's disastrous bets on corporate debt may have caused unexpected collateral damage: erratic behavior in a barometer that measures the financial health of blue-chip US companies.
The European debt crisis is presenting bargains for cash-rich Asian firms such as Hong Kong-listed conglomerate Hutchison Whampoa Ltd and Malaysian gaming company Genting Bhd, Macquarie Securities said.
With stocks in Asia dropping to near their 2012 lows and investors fleeing risk assets on growing worries about Europe's debt crisis, several market watchers say it's time for Europe's central bank to step up bond purchases and ease monetary policy further.
Japan is about to join Europe in the debt crisis ranks, with the two regions offering the best opportunities for investors to bet against, hedge fund manager Kyle Bass said.
Leave it to China to defy a popularly held adage.
JPMorgan Chase & Co's fourth-quarter earnings fell 23%, in line with Wall Street expectations, as the European debt crisis depressed trading and corporate deal-making.
New US claims for unemployment benefits rose higher than expected last week, but the healing trend in the jobs market remains intact. Nigel Gault, chief US economist at IHS Global Insight says the key focus is how all this improved hiring will look in the coming months.
Daily tumult from the European debt crisis is drowning out some otherwise good news in the US economy, Charles Plosser, president of the Philadelphia Federal Reserve, told CNBC.
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
JP Morgan cuts S&P 500 year-end target
The Federal Reserve announced Tuesday it plans to stress test US banks-including the six largest-against a hypothetical market shock, such as an escalation of the European debt crisis.
Though slowdown concerns are present, the buzz from SAP's annual customer meet in Madrid was optimistic, reports CNBC-TV18’s Kritika Saxena.
In the present environment, short term income funds with good underlying credit quality, have the potential to offer the best risk adjusted returns for investors with a 6 months to 1 year investment horizon.
Equity funds continued with its laggard performance for the fifth consecutive day due to hovering issue of European debt crisis. With upsetting macro conditions and global volatility, the free fall in rupee has added to the woes. Funds in all equity categories were seen in red registering no gainers.
Soozhana Choi, director and head of commodities research – Asia at Deutsche Bank tells CNBC-TV18 that industrial metals is an area which is most vulnerable to any sort of negative macro news.
Trevor Williams, chief economist, Lloyds TSB Corporate Markets tells CNBC-TV18 that the Street is quite pleased with the agreements in the near-term, but worries persist going forward.