Markets were mixed on Tuesday.
While the STOXX Europe 600 rose 1.0 percent, an attempt at a rebound failed in the US, with the S&P 500 ending 0.1 percent lower.
The Evergrande crisis continued to weigh on investors' minds.
Ed Yardeni of Yardeni Research said that the Chinese government will not let the firm fail and will intervene to restructure it. “When they do, stock markets around the world should enjoy relief rallies,” he said.
In the meantime, though, Canaccord Genuity Chief Market Strategist Tony Dwyer said that “we would expect a bit more indigestion and begin adding risk back into the market on any further weakness as the bottoming process begins”.
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