Tuesday, 9 November 2021

S&P 500 hits record high, “risks showing signs of improvement”

Markets were mixed on Monday.

The S&P 500 rose 0.1 percent to a record high while the STOXX Europe 600 was little-changed.

In Asia, the Shanghai Composite rose 0.2 percent but the Nikkei 225 fell 0.4 percent.

China had reported over the weekend that its exports surged 27.1 percent in October from a year ago.

“We expect Equities to continue to climb the ‘wall of worry’, as risks look largely priced in and showing signs of improvement,” JPMorgan’s Marko Kolanovic said in a note on Monday.

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