Friday, 16 September 2016

Markets higher but "will be lower"

Markets mostly rose on Thursday.

The S&P 500 rose 1.0 percent and the STOXX Europe 600 rose 0.6 percent.

However, the Nikkei 225 fell 1.3 percent.

Oil prices rose, with US crude rising 0.8 percent.

The yield on the US 10-year Treasury note rose to 1.703 percent from 1.689 percent on Wednesday.

While stocks were mostly positive on Thursday, some analysts see a risk of renewed declines ahead.

"I think we're at a point in time where the path of least resistance in this market is certainly lower and will be lower," Wunderlich Securities' chief market strategist, Art Hogan, told CNBC.

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