BUY, SELL, HOLD (2)

Overseas Trading: Global Stocks Climb Ahead of Yellen, 'Brexit'

The U.K. will vote whether to stay in the EU on Thursday, and the latest polls are mixed

Jun 21, 2016 at 8:48 AM
facebook X logo linkedin


Most Asian markets finished higher, on the back of Monday's massive gains. Stocks continued to react to the upcoming "Brexit" referendum, with recent polls mixed following the murder of U.K. lawmaker Jo Cox last week. Additionally, optimism was on the rise ahead of U.S. Fed Chair Janet Yellen's two-day testimony in front of Congress, which kicks off later today.

Japan's Nikkei outpaced its regional peers, tacking on 1.3% as the yen weakened. Finance Minister Taro Aso weighed in on the currency, saying the government has "no intention to easily resort to foreign exchange intervention" -- a quick switch from last week's position. Elsewhere, Hong Kong's Hang Seng added 0.8%, and South Korea's Kospi edged 0.1% higher. China's Shanghai Composite, meanwhile, gave back 0.3%.

European benchmarks are in the green at midday, after notching their best session since August on Monday. While Thursday's "Brexit" vote remains front and center, speculators will also be eyeing an upcoming speech from European Central Bank (ECB) President Mario Draghi, after Germany's constitutional court ruled in favor of the ECB's Outright Monetary Transactions (OMT) program. At last check, the French CAC 40 is up 0.7%, the German DAX is 0.5% higher, and London's FTSE 100 has added 0.1% as the British pound climbs to its loftiest level since early January.

Overseas Trading June 21

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.