Tuesday, 15 December 2015

Stocks mixed, oil rebounds as investors see great buying opportunity ahead

Markets finished mixed on Monday.

The S&P 500 ended up 0.5 percent as US oil prices rose 1.9 percent.

However, the STOXX Europe 600 plunged 1.8 percent.

In Asia, the Nikkei 225 fell 1.8 percent but the Shanghai Composite Index jumped 2.5 percent.

While oil ended up on Monday, Business Insider reports that many investors remain wary.

Oaktree Capital cofounder Howard Marks said last week at the Goldman Sachs Financial Services Conference in New York that there is “nothing intelligent to be said about the future of the price of oil”.

“There will be more pain in that area,” Blackstone co-CEO and cofounder Steve Schwarzman said at the same event.

However, investors also recognize a buying opportunity.

David Rubenstein, co-CEO of the Carlyle Group, said last week that “the greatest energy investing opportunities we’ve ever seen” could lie ahead.

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