The United States and euro zone are "dangerously close to recession", Morgan Stanley said on Thursday, criticising policymakers and predicting the European Central Bank will have to reverse its rates policy.
Rocked by concerns of global economy slipping into recession, Indian indices today hit a 52-week low. As investors sold-off their stocks today, SP Tulsian of sptulsian.com selects few bets that have suffered in today’s carnage but still hold mettle from a long term perspective.
Japan's Nikkei stock average fell for a second straight day on Thursday and dropped below the closely watched 9,000 line due to negative global cues.
In an interview on CNBC-TV18, Bruno Verstrate, CEO of Nautilus Invest says that foreign exchange movement and volatility are the two factors determining which way global markets swing at this stage. "This is not only in Europe but also in Asia."
The global economy is "dangerously close to a recession," Morgan Stanley said and slashed its growth forecast for 2011 and 2012, citing recent policy errors in the US and Europe and the prospect of further fiscal tightening in 2012.
A popular boy wizard, comic-book heroes and some foul-mouthed women are leading Hollywood toward a record-breaking summer despite the sour economy and high unemployment resulting in tightened consumer spending.
Spain's anaemic growth rate slowed further in the second quarter, data showed on Tuesday, reviving concerns the country could slip back into recession as a worsening economic backdrop impacts its main export markets.
Though most experts are considering India to be a safe bet, David Darst of Morgan Stanley Smith Barney holds a different view. He is underweight on India, Japan and Europe.
Last week the downgrading of the US debt left the world with an uneasy feeling of anticlimax. Until then everyone wondered what would the upshot be; nearly a week later it appears an overhyped event. Yet global markets are still volatile indicating that big subterranean changes are under way.
Philip Poole, Global Head of Emerging Markets, HSBC, said the global economy is not growing rapidly but it is also not heading back to recession.
Dhananjay Sinha, Economist & Strategist, Centrum Broking is underweight on metals sector. Sinha sees risks coming from profitability growth in the banking sector.
Aadil Ebrahim, Investment Manager, Bowen Capital Management joins CNBC-TV18 to give his outlook of the market. He also advises traders and investors on what their possible strategy could be in the volatile situation.
Plunging stock prices in the wake of Standard & Poor's decision to strip the United States' top-tier AAA credit rating may threaten consumer confidence and could push the frail economy into recession.
Udayan Mukherjee, managing editor, CNBC-TV18 says that given the volatility and the way the trades have been today, it is very difficult to to predict if the Nifty will be able to hold out the 5000 support level or pull back to 5300. "The Dow closing will give clarity to the direction the market is likely to take tomorrow," he says.
CNBC-TV18 catches up with Arvind Virmani, India's representative to the International Monetary Fund (IMF) to understand what he makes of the market situation in India and globally.
US job growth accelerated more than expected in July as private employers stepped up hiring, a development that eased fears the economy was sliding into a fresh recession.
More than USD 2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading towards another recession and Italy and Spain are being engulfed by the euro zone sovereign debt crisis.
Asian stocks tumbled as much as 5% on Friday after panic triggered the worst sell-off on Wall Street since the global financial crisis, prompting investors to slash positions and scramble for cash and government bonds.
CNBC TV18's Menaka explores the burning issue of currency war as central banks start to directly intervene in money markets to stabilise their respective currency. Joining her is Andrew Busch, Global Currency and Public Policy Strategist at BMO Capital Market.
A sharp slowdown in the US economy has rekindled fears of a new recession and some analysts see the country perilously close to tipping into contraction.
US President Barack Obama and top lawmakers emerged from talks on Thursday still far apart on breaking a budget deadlock and said negotiators will work through the weekend for a deal to avoid a debt default.
Eric Cantor, the No. 2 official in the Republican-led House of Representatives, floated a tax compromise on Wednesday that could revive hopes for a budget deal.
US budget talks collapsed on Thursday after Republican negotiators walked out, throwing doubt on Washington's ability to reach a deal that would allow the government to keep borrowing and avoid a debt default.
Japan's economy shrank in the first quarter at nearly double the pace expected, effectively slipping into recession as the devastating earthquake in March hit business spending and private consumption.
The United States could plunge back into recession if inaction in Washington forced a debt default, according to a new analysis by Third Way