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Added on the 07/12/2015 20:23:42 - Copyright : Reuters EN
Falling oil prices dragged down energy shares. But the major indices still posted gains for the week, as Fred Katayama reports.
Madrid, Jul 20 (EFE) .- (Camera: EFE) The Spanish stock market has wiped out part of the losses of the day before with a rebound of 0.68% that has allowed it to distance itself from the level of 8,300 points with the help of the rise in Wall Street and the rebound in the price of oil, according to market data.FOOTAGE OF THE SPANISH STOCK MARKET, MADRID
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
U.S. stocks fell ahead of the presidential debate. But as Fred Katayama reports, concerns over global growth may have been a bigger factor dampening investor sentiment.
U.S. stocks fell sharply on Tuesday, with energy shares slammed by lower oil prices and financials dropping on diminished prospects of a near-term rate hike. Bobbi Rebell reports.
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