Markets were mostly higher on Wednesday.
The S&P 500 rose 1.0 percent to another record high while the STOXX Europe 600 rose 0.9 percent. However, the Shanghai Composite fell 1.3 percent.
“We have one of the biggest tailwinds in the history which is the massive, massive monetary stimulus globally,” said Carlos Diez, founder and CEO of MarketGrader. “It’s hard to argue against risk assets when there’s so much liquidity sloshing around. Over the next six to nine months I don’t expect a major downturn.”
US stocks were also probably boosted by a report that durable goods orders rose 11.2 percent in July.
In Europe, news of additional stimulus in Germany and anticipated economic recovery measures in France helped boost market sentiment.
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