Tuesday, 1 March 2016

Stocks plunge in China, mixed elsewhere as market enters good time for stocks

Markets were mixed on Monday.

Chinese stocks kicked off the trading day and week by plunging 4.6 percent. However, the Shanghai Composite Index recovered somewhat later in the trading session to finish down 2.9 percent.

After the market closed, China’s central bank cut lenders’ reserve-requirement ratios by 0.5 percentage points.

Elsewhere, the S&P 500 fell 0.8 percent to finish the month down 0.4 percent.

The STOXX Europe 600 rose 0.7 percent on Monday but also ended the month down, its third consecutive monthly loss.

Warren Buffett told CNBC on Monday that businesses have been "a bit softer" than they were four to five months ago but he continues to buy stocks.

And now may be a good time to buy anyway. CNBC also reported that, according to Bespoke, March is historcally a good time for stocks while April is the strongest month.

No comments:

Post a comment