"Global markets are taking a breather"
- Lex van Dam, hedge fund manager at Hampstead Capital
European stocks closed little changed on Friday.
The Stoxx Europe 600 Index rose 0.06 per cent to 265.65. Germany's DAX Index gained 0.21 per cent and France's CAC 40 Index advanced 0.11 per cent. The U.K.'s FTSE 100 Index climbed 0.16 per cent to 5,854.89.
"Given long-term fundamentals remain incredibly supportive, we would be advising clients to see any weakness that could develop over the next couple of weeks as an opportunity," Henk Potts, market analyst at Barclays Wealth, said.
Some experts were not so optimistic.
"Global markets are taking a breather, anticipating large rebalancing outflows out of equities into fixed income, because the relative performance of equities has been very significant this quarter," Lex van Dam, hedge fund manager at Hampstead Capital, said.
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