Wednesday, 7 June 2017

Markets fall as investors brace for crucial events

Markets fell on Tuesday.

The S&P 500 fell 0.3 percent, the STOXX Europe 600 fell 0.7 percent and the Nikkei 225 fell 1.0 percent.

Lisa Kopp, head of Traditional Investments Group at US Bank Wealth Management, expects “sideways markets over the short-term due to seasonality”.

Meanwhile, though, “market sentiment remains very fragile”, said Masashi Murata, a senior currency strategist at Brown Brothers Harriman.

Indeed, with the UK elections, European Central Bank meeting and former Federal Bureau of Investigation Director James Comey's testimony on alleged Russian interference in US affairs on Thursday, analysts at Rabobank are braced for “a volatile session on Thursday and Friday”.

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