Wednesday, 29 March 2017

Markets rebound amid positive economic data

Markets rose on Tuesday.

The S&P 500 rose 0.7 percent, the STOXX Europe 600 rose 0.6 percent and the Nikkei 225 jumped 1.1 percent.

Positive economic data on Tuesday in the form of a jump in consumer confidence and rising house prices helped boost investor sentiment.

Mark Kepner, managing director of sales and trading at Themis Trading, said the “markets have fared pretty well with a little consolidation going on”.

However, Peter Cardillo, chief market economist at First Standard Financial, warned that the “Trump setback on health-care reform will likely spell trouble for equities in the days ahead”.

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