Stocks mixed, valuations “stretched”

Markets were mixed on Tuesday.

The S&P 500 and Nikkei 225 were flat while the STOXX Europe 600 rose 0.4 percent.

Daryl Deke, chief executive officer of New Market Wealth Management, said that “economic growth will continue to be relatively positive, while corporate margins remain high”, but he acknowledged that “valuations are a bit stretched”.

Meanwhile, the drama over the UK exit from the European Union continued as UK MPs failed to vote for an alternative option to Prime Minister Theresa May’s rejected Brexit agreement for the second time.