Markets were mostly lower on Thursday.
The S&P 500 dipped 0.1 percent and the STOXX Europe 600 fell 0.4 percent.
Earlier in Asia, the Nikkei 225 fell 0.2 percent while the Shanghai Composite was flat.
Commerce Street Capital CEO Dory Wiley said that “after such good returns in clearly a terrible fundamentals year, I think taking some profits and moving to cash, not bonds, makes some sense here”.
The European Central Bank announced on Thursday that it is increasing the overall size of its Pandemic Emergency Purchase Programme by 500 billion euros as it lowered its forecast for 2021 eurozone GDP growth to 3.9 percent from 5 percent in September.
“Central bankers have flooded bank balance sheets, but those funds are not flowing through the economy normally,” said Aaron Anderson, SVP of Research at Fisher Investments.
Meanwhile, a meeting between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen to discuss a Brexit trade deal on Wednesday yielded no breakthrough.
No comments:
Post a Comment