BUY, SELL, HOLD (2)

Overseas Trading: Asian Stocks Track Oil Higher

Asian markets followed the bullish lead of Wall Street, while upbeat earnings abound in the U.K.

May 17, 2016 at 8:36 AM
facebook X logo linkedin


Stocks in Asia largely cruised higher, following the lead of Wall Street and a sharp rise in oil prices. Japan's Nikkei popped 1.1% amid a weaker yen -- though fears persist that the currency could strengthen following next week's G-7 summit in Japan, should officials fail to take up further stimulus measures.

Elsewhere, Hong Kong's Hang Seng jumped 1.2%, as traders took a sunny-side-up approach ahead of tomorrow's Belt and Road Summit -- which could pave the way for a stock-trading link between Hong Kong and mainland Shenzhen. Rounding things out, South Korea's Kospi inched just 0.01% higher, while China's Shanghai Composite retreated 0.3%.

European stocks headed higher out of the gate, but have since reversed course along with crude futures. France's CAC 40 and Germany's DAX are both off 0.1%. However, London's FTSE 100 has added 0.4% following upbeat earnings from Vodafone and Premier Foods, as well as the announcement of a special dividend payout at Taylor Wimpey.

overseas trading may 17

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.