Markets mostly lower, bull case remains “persuasive”

Markets were mostly lower on Wednesday.

The STOXX Europe 600 was flat while the S&P 500 gave up early gains to finish 0.6 percent lower.

Asian markets saw sharp falls. The Nikkei 225 and Hang Sang plunged 2.0 percent and the Shanghai Composite tumbled 1.3 percent.

Some analysts remain optimistic.

“The bull case for equities is persuasive in a recovering economy,” Oliver Brennan, head of research at TS Lombard, said in a note.