Nikkei surges but markets subdued elsewhere

Markets were mixed on Tuesday.

The S&P 500 was flat, the STOXX Europe 600 fell 0.5 percent but the Nikkei 225 surged 1.7 percent.

Sandy Villere, a portfolio manager at St. Denis J. Villere & Company, said that “the market is getting stretched on valuations” but added that “if the tax cuts come through, the market will look a lot cheaper than it is”.

Meanwhile, Andrew Bresler, deputy Asia Pacific head of sales trading at Saxo Capital Markets, sees a Goldilocks climate, saying that there are “few risks on the horizon”.