Markets mixed, face longer-term “headwinds”

Markets were mixed on Friday.

The S&P 500 dipped 0.1 percent but the STOXX Europe 600 rose 0.5 percent.

In Asia, the Nikkei 225 rose 0.3 percent while China Evergrande Group surged 4.3 percent on a report that the company was preparing to pay the interest on a bond.

Stephen Kolano, chief investment officer of BNY Mellon Investor Solutions, said: “The setup into year-end looks great given the liquidity dynamics on corporate buybacks, but longer term there are still the unresolved headwinds of valuation, the transition to mid-cycle in the economy, and a tightening Fed that may prove challenging now that we’re back at all-time highs.”