Wednesday, 30 June 2021

Markets mixed, “Goldilocks for equities”

Markets were mixed on Tuesday.

The S&P 500 was little-changed, the STOXX Europe 600 rose 0.3 percent and the Nikkei 225 fell 0.8 percent.

Analysts see more gains for stocks ahead.

“The summer period, the next two months, is where I think the market continues to break out,” said JPMorgan quantitative strategist Dubravkos Lakos-Bujas.

Bank of America head of global economic research Ethan Harris said that with the bond market “lulled to sleep”, this is “Goldilocks for equities”.

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