Asia-Pacific markets trade mixed Wednesday.
There was a marginal improvement in business sentiment, with the Reuters Tankan non-manufacturing index coming in at +26. Japan is slated to release its April trade data, as well as machinery orders for the month of March.Overnight in the U.S.
The S&P 500 added 0.25% and the Nasdaq Composite rose 0.22%. Both indexes closed at new record highs.consistently bullish on stocks — even during periods of volatility. While he fears that a change in market conditions could cause"some sort of equity correction," the senior portfolio manager believes it's"clear sailing" for stocks for now.
"I think it will make sense to get a little more defensive going into the summer but it's too early for that," he said."Stick with a balance of growth and value names."Prices also hovered near their highest level since May 2, hitting a high of $216.10 per pound. Coffee futures have risen more than 16% since the start of the year.
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