Nov 10, 2012 10:12 AM IST
Wall Street's post-election sell-off may gather steam in the coming weeks as worries mount about the looming "fiscal cliff" and technical weakness suggests a possible correction ahead.
- Nov 09, 2012 01:46 PM IST
Gold rose to a three-week high on Friday, on track for its first weekly gain in four, as hopes US monetary policy would remain loose after President Barack Obama's re-election and worries about looming fiscal woes boosted bullion's appeal.
- Nov 09, 2012 10:01 AM IST
Andrew Freris, chief investment advisor-Asia at BNP Paribas Wealth Management explains to CNBC-TV18 this change in leadership and its impact on the Chinese economy.
- Nov 09, 2012 09:26 AM IST
Standard & Poor's on Thursday said it sees an increasing chance that the US economy will go over the so-called fiscal cliff next year, though policymakers will probably compromise in time to avoid that outcome.
- Nov 08, 2012 04:44 PM IST
Stephen King, Group Chief Economist & Global Head of Economics and Asset Allocation Research, HSBC Bank feels there is still a significant risk and it is very difficult to resolve the fiscal cliff. Since higher taxes would lead to a greater risk of recession, King forecasts a GDP figure of just under 2 percent for the US in the next year.
- Nov 08, 2012 03:49 PM IST
It was a down day for the Indian equity benchmarks on Thursday, but not as bad as Asian markets that fell quite sharply in late trade due to fiscal crisis in the US and amid ongoing European economic troubles.
- Nov 08, 2012 01:01 PM IST
Geoff Lewis of JP Morgan AMC believes the equity market would have benefitted if Republican candidate Mitt Romney had won. In that case, the key issue of the US fiscal cliff could have been solved more effectively, feels Lewis. According to him, US markets could see a correction going into the year end.
- Nov 08, 2012 09:53 AM IST
Robert Johnson, executive director, Institute for New Economic Thinking (INET) explains to CNBC-TV18 that the challenges for Obama remain the same in his second Presidential term. Johnson adds that the government could lower healthcare costs, by diminishing the impact of pharmaceutical and hospitalisation lobbies, to address the fiscal challenges.
- Nov 08, 2012 09:50 AM IST
In an interview to CNBC-TV18, Philip Poole of HSBC says the uncertainty in terms of monetary policy no longer exists after the US election results. However, he says the fiscal cliff issue still needs to be addressed. He sees an eventual solution that will reduce the fiscal drag.
- Nov 08, 2012 08:32 AM IST
Unfortunately, the good cheer post US elections did not last very long. Just when one was hoping that things may move along smoothly for a few days, that big slam-dunk in the US markets came. I don‘t remember the last time Dow fell 300 points in a day and the S&P went below 1,400.
- Nov 07, 2012 10:33 PM IST
In a closely watch election Barack Obama won a second term as the President of United States of America. In an interview with CNBC-TV18's Shereen Bhan speaks to former Indian Ambassador to the US- Meera Shankar, Economics Professor at Harvard University-Gita Gopinath and David Bach of the Yale School of Management.
- Nov 07, 2012 09:04 PM IST
A newly re-elected President Barack Obama will push for higher taxes - including a dividend-tax hike that will cause a substantial drop in stocks, Pimco's Bill Gross told CNBC Wednesday.
- Nov 07, 2012 03:20 PM IST
Obama's re-election as the president of the United States was a likely outcome and therefore, the nature of politics is not expected to change, said Geoffrey Dennis, MD & Global EM Strategist at Citi. According to him, it is now important to watch how both parties tackle the problem of the fiscal cliff.
- Nov 07, 2012 01:54 PM IST
David Lennox of Fat Prophets explains to CNBC-TV18 that gold will be one of the beneficiaries of the Obama's win as the various measures that will be taken to address the looming fiscal cliff including the continuance of the QE3 programme, will keep the dollar weak and add strength to gold.
- Nov 07, 2012 12:17 PM IST
Adrian Mowat of JP Morgan explains to CNBC-TV18 that Obama's win will now allow the speedy redressal of the threat of the fiscal cliff.
- Nov 07, 2012 11:56 AM IST
Arjuna Mahendran of HSBC Private Bank says markets, particularly the ones outside of Asia, are quite comfortable with Obama second term at the White House.
- Nov 06, 2012 12:52 PM IST
Andrew Economos of JP Morgan AMC expects a temporary relief rally in the US markets post elections, but not any surprises.
- Nov 06, 2012 07:56 AM IST
If President Barack Obama is re-elected, he's expected to move quickly, perhaps within a day, to renew his bid for a bipartisan deal to avert a "fiscal cliff" that threatens to push the United States into recession, top Senate Democrat aides said on Monday.
- Oct 31, 2012 09:40 AM IST
Banking stocks slumped after the Reserve Bank of India raised the provisioning for CDR assets from 2 percent to 2.75 percent on Tuesday. Patnaik finds valuations of state owned banks attractive now and suggested buying them on dips.
- Oct 27, 2012 12:50 PM IST
The US needs to get its fiscal rather than monetary policy right if it has to fix the economy‘s problems, feels James Dimon, Chairman & CEO, JPMorgan Chase.
- Oct 26, 2012 10:39 AM IST
UR Bhat of Dalton Capital Advisors thinks November will be an interesting month, especially after the US elections.
- Oct 12, 2012 11:10 AM IST
The prospect of a "fiscal cliff", a series of tax hikes and spending cuts that take effect early next year, could shave as much as USD 807 billion or 5 percent off US economic growth, yet financial markets do not appear to be bracing for such a big risk event, fund manager BlackRock said in a report on Friday.
- Sep 26, 2012 09:35 AM IST
The third quarter could fade quietly away in the week ahead, as markets look forward to a more dramatic fourth quarter, with the election and pending "fiscal cliff" making it the trickiest period of the year.
- Sep 26, 2012 08:50 AM IST
Goldman Sachs strategists expect the "fiscal cliff" to push the market lower in the fourth quarter, and they recommend investors sell the stocks that have lagged so far this year.
- Jun 25, 2012 10:35 AM IST
US 10-year Treasury yields will hit 1% by the end of the year, as the so-called "fiscal cliff" has investors running to the safety of government debt, several market watchers told CNBC on Monday.