Friday, 17 March 2017

Markets mixed but analysts remain optimistic

Markets were mixed on Thursday.

The S&P 500 fell 0.2 percent but the STOXX Europe 600 rose 0.7 percent and the Nikkei 225 rose 0.1 percent.

Oil fell. West Texas Intermediate crude fell 0.2 percent while Brent fell 0.1 percent.

Nevertheless, analysts remain optimistic.

Bloomberg reports that Credit Suisse Group AG and UBS Group AG have told their clients that now is the time for them to jump back into stocks.

Indeed, market technician Michael Kahn thinks that “the bull market has years to run”.

In the meantime, Shelley Goldberg thinks that any further drop in oil from current levels will likely be “short-lived”.

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