Markets mostly rose on Thursday.
The S&P 500 rose 0.4 percent and the STOXX Europe 600 rose 0.2 percent but the Nikkei 225 fell 0.5 percent.
Energy stocks outperformed after oil jumped 2.2 percent following reports that two oil tankers were damaged in an apparent attack in the Strait of Hormuz.
However, Neil Wilson, chief market analyst for Markets.com, said that “with OPEC already curbing output and U.S. production at a record high the market is far less susceptible to a shock”.
Indeed, Sam Stovall, chief investment strategist of US equity strategy at CFRA, said that “the market doesn’t think the Strait of Hormuz will be closed” and is instead “focusing on the strong economy, rising productivity and low unemployment”.
No comments:
Post a Comment