Markets rose on Tuesday.
The S&P 500 rose 1.0 percent, the STOXX Europe 600 rose 0.9 percent and the Nikkei 225 rise 0.8 percent.
“Markets are riding the wave of improved sentiment as well as seeing some glimmer of progress regarding Chinese trade negotiations,” suggested Eric Wiegand, senior portfolio manager at US Bank.
Investors shrugged off a warning by Samsung of a 29 percent drop in operating profit for the fourth quarter amid “mounting macro uncertainties”.
“These Samsung results are quite damning, suggesting there are a broader-based retail and manufacturer slowdown afoot,” Stephen Innes, head of Asia Pacific trading at Oanda, said in a Tuesday research note.
Indeed, DoubleLine Capital CEO Jeffrey Gundlach thinks that 2019 will continue to be a volatile year, with rising yields hurting stocks amid increasing deterioration in corporate credit.
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