Global equities may have a “correction” of between 5 percent and 9 percent after the first quarter as investors sell holdings to lock in profit from recent rallies, according to Jefferies Group Inc.
Malaysian stocks rose, driving the benchmark index to a record close, as government plans to boost the economy and an appreciating currency bolstered foreign investment in the market to a two-year high.
Most U.S. stocks fell as the Standard & Poor’s 500 Index snapped a seven-day rally that drove the benchmark gauge to within nine points of its record high.
"We have the back-to-the-future theme."
- Sean Darby on Dec 04, 2014
Bloomberg Surveillance: Sen, Levitt and Darby
Jefferies’s Darby Sees S&P 500 Rising to 1950 Year End (Audio)