"Proceed with caution" is the gloomy title of the latest report from UBS. Kurt Reiman, head of thematic research at UBS, spoke to CNBC about the outlook.

Global cell-phone sales are set to fall more than expected next year, according to Nokia. Per Lindberg from MF Global has analysis of the cell-phone industry.

European and UK interest rates were sharply cut Thursday. Hetal Mehta from Ernst & Young ITEM Club, James Stewart from Weavering Capital and Ken Wattret from BNP Paribas discuss.

European stocks closed mostly lower Thursday following interest rates cuts from the BoE and ECB. Simon Goodfellow from ING Wholesale Banking considers the outlook for stocks.

S&P 500 could be due for a bear-market rally, Phil Roberts from Barclays Capital told CNBC Thursday. Roberts also takes a technical look at the pound versus the dollar and the Baltic Dry Index.

The Bank of England cut interest rates by 100 basis points and the European Central Bank cut by 75 basis points Thursday. Philip Shaw from Investec discusses the moves.

The European Central Bank cut interest rates by 75 basis points, to 2.5% Thursday. Marc Ostwald from Monument Securities and Stuart Robertson from Aviva Investors discuss.

The options available to first-time buyers in the UK are still very limited, despite sharp cuts in the country's interest rate, Terry Holmes from Beresfords Group told CNBC Thursday.

The Bank of England cut interest rates to 2% Thursday, but whether the banks pass on the reduction remains to be seen. Russell McBurnie from Tenon Group discusses the outlook.

The Bank of England cut interest rates by 100 basis points Thursday to 2.0%. Jamie Dannhauser from Lombard Street Research and Bill Hubard from MIG Investments discuss.