Stocks in Japan and mainland China finished above breakeven today, following a bullish run by U.S. equities on Friday. The Nikkei was also given an assist by exporters, as the yen weakened against the dollar. Among equities participating in the day's uptrend, Sharp and Panasonic added a respective 5.5% and 16.9%. Elsewhere, the Shanghai Composite got a boost after a weekend report showed the country's services industries edged higher in January. Meanwhile, South Korea's Kospi sat out the day's positive price action, as a strengthening won weighed on exporters. By the close, Japan's Nikkei jumped 0.6%, China's Shanghai Composite added 0.4%, while Hong Kong's Hang Seng and South Korea's Kospi each fell 0.2%.
European markets are wallowing in the red at midday, as bond yields in Italy and Spain crept higher amid growing political tension in the region. A round of disappointing economic data is adding to the day's bearish bias, with reports indicating factory orders for the euro zone declined in December, and unemployment in Spain surged 2.7% in January. Against this backdrop, London's FTSE 100 is down 0.9%, the French CAC 40 is 1% lower, the German DAX has shed 0.7%, and Spain's Madrid General has dropped 2%.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations.
Every morning, our research staff analyzes the prior day and the overnight markets, and monitors the morning wires to give you an accurate preview of the day to come. If you enjoyed today's edition of Opening View, sign up here for free daily delivery, straight to your inbox, before the opening bell.
The Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.