Tuesday, 5 February 2019

Markets rise, “impressively resilient”

Markets rose on Monday.

The S&P 500 rose 0.7 percent, the STOXX Europe 600 rose 0.1 percent and the Nikkei 225 rose 0.5 percent.

Alec Young, managing director of global markets research at FTSE Russell, said that the “market has been impressively resilient” but added that “stocks are no bargain right now, and for it to go higher we need some assurance that headwinds from China will be less than expected”.

However, James Berman, president and founder of JBGlobal.com, thinks that emerging market stocks are “dirt cheap”.

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