Thursday, 24 August 2017

Markets fall as traders await Jackson Hole symposium

Markets were mostly lower on Wednesday.

The S&P 500 fell 0.4 percent while the STOXX Europe 600 fell 0.5 percent but the Nikkei 225 rose 0.3 percent.

“Traders are in wait and see mode ahead of the Jackson Hole symposium that starts tomorrow,” said David Madden, market analyst at CMC Markets.

“We’re about to enter uncharted water: Unwinding QE has never been done before, but it’s about to be tried on markets that have this year exhibited a degree of calm that is worrisome when you consider what may be coming,” said Neil Wilson, senior market analyst at ETX Capital.

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