Wednesday 6 October 2021

Markets rise, “equity rally to get back on track”

Markets were mostly higher on Tuesday.

The S&P 500 rose 1.1 percent and the STOXX Europe 600 rose 1.2 percent. However, the Nikkei 225 fell 2.2 percent.

Analysts are optimistic on the prospects for stocks.

“We do not believe the recent bout of de-risking will lead to sustained falls, and maintain the stance to keep buying into any weakness,” Marko Kolanovic, JPMorgan’s chief global markets strategist, said in a note Monday.

Mark Haefele, chief investment officer of global wealth management at UBS, said “we expect the equity rally to get back on track”.

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