Tuesday, 27 June 2017

Markets mixed as US durable goods orders fall

Markets were mixed on Monday.

The Nikkei 225 rose 0.1 percent and the STOXX Europe 600 rose 0.4 percent.

However, US stocks were mixed, with the S&P 500 flat and the Nasdaq Composite slipping 0.2 percent.

Sentiment in the US was hurt by a report that showed that durable goods orders fell 1.1 percent last month.

“Short-lived optimism, no doubt, from pro-growth policies ushered in by the Trump administration have been replaced by a more lackluster reality of a little improved domestic growth and consumption profile,” said Lindsey Piegza, chief economist at Stifel Fixed Income, in a note.

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