Markets fall, “will remain volatile”

Markets mostly fell on Thursday.

The S&P 500 fell 1.8 percent and the STOXX Europe 600 fell 0.6 percent.

Earlier in the day, Asian stocks were mixed, with the Nikkei 225 rising 0.9 percent but the Shanghai Composite falling 0.6 percent.

“Until there’s a clear unambiguous, oversold underpinning, markets will remain volatile,” Quincy Krosby, chief market strategist at Prudential Financial.

Hussein Sayed, chief market strategist at FXTM, said in a note that “we should expect more volatility in the weeks to come heading into the U.S. presidential election” in November.

At its monetary policy meeting on Thursday, the European Central Bank left its deposit rate unchanged at minus 0.5 percent and its refinancing rate at 0 percent while reaffirming it plans to leave rates at present or lower levels until inflation rises to converge with its target at 2 percent.