Friday, 12 May 2017

Markets fall as investors wait for Fed rate hike

Markets were mostly lower on Thursday.

The S&P 500 fell 0.2 percent and the STOXX Europe 600 fell 0.6 percent.

However, the Nikkei 225 rose 0.3 percent to close at a 17-month high.

Mark Kepner, managing director of sales and trading at Themis Trading, said that “with earnings season almost over, we might see some sideways moves until June when the Fed is likely to raise rates”.

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