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Key PointsThe S&P 500 is a stone's throw away from its highest-ever valuation, so I would expect a steady increase in selling pressure from here.
In recent trading, shares of ENI S.p.A. (Symbol: E) have crossed above the average analyst 12-month target price of $53.23, changing hands for $54.80/share.
In recent trading, shares of Ultrapar Participacoes SA (Symbol: UGP) have crossed above the average analyst 12-month target price of $6.52, changing hands for $6.66/share.
Markets are not pricing in the probability of South Africa’s return to investment grade, leaving scope for government bonds, stocks and the rand to rally, according to Goldman Sachs Group Inc.
The Euro (EUR) trades 0.2% lower to near 1.1593 against the US Dollar (USD) during the European trading session on Tuesday.
