Saturday, 13 October 2018

US stocks rebound as investors stick with equities

Markets were mixed on Friday.

The S&P 500 jumped 1.4 percent and the Nikkei 225 rose 0.5 percent but the STOXX Europe 600 fell 0.2 percent.

Michael Arone, chief investment strategist for State Street Global Advisors, said that the acceleration in the US stock market's gains towards the close “indicates that investors are confident about the economy.”

David Madden, market analyst at CMC Markets, said that “higher interest rates aren’t the end of the world” and are, in fact, “warranted when the economy is strong”.

Investors may be thinking the same. According to FactSet, equity-based exchange-traded funds have seen positive flows over the past week while fixed-income ETFs saw outflows.

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