Markets rise, Evergrande jumps

Markets rose on Thursday.

The S&P 500 rose 1.2 percent, the STOXX Europe 600 rose 0.9 percent and the Shanghai Composite rose 0.4 percent.

Shares of China Evergrande Group jumped 17.6 percent after it resolved payment on a local bond.

The S&P 500 posted a second consecutive day of gains after the Federal Reserve on Wednesday indicated no immediate removal of stimulus policies.

Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, said that “we are constructive on the U.S. economy in general and believe that any dips would be worth buying as the fundamentals are still sound and recession appears to be more than a year away at this point”.