AAL

Overseas Trading: Volatile Session in China Ends With Sharp Losses

European markets are mixed, as a two-day summit of European Union leaders gets underway

Jun 25, 2015 at 8:10 AM
facebook X logo linkedin


Asian markets pared recent gains today, as negotiations over Greece's debt crisis stalled. In China, the Shanghai Composite saw a slight bid higher on news the country will attempt to stimulate lending by removing its loan-to-deposit ratio. However, the index couldn't maintain the momentum, eventually settling with a steep 3.5% loss. Elsewhere, Hong Kong's Hang Seng gave back 1%, Japan's Nikkei shed 0.5% amid a round of profit-taking, and South Korea's Kospi ended modestly lower -- despite the Bank of Korea unveiling a new $13 billion stimulus program.

European benchmarks are mixed at midday, as traders keep a close eye trained on the latest developments in Greece. It's been a tense week of talks, with yesterday's Eurogroup meeting ending prematurely after Greece's creditors said the country -- which is scheduled to meet its $1.8 billion debt obligation next Tuesday -- must agree to budget cuts and policy changes. In focus today will be a two-day summit of European Union leaders. Against this backdrop, the German DAX and the French CAC 40 are both flirting with 0.1% leads, while London's FTSE 100 is down 0.2%.

150625overseas

 

Same-Day Trading Power: +227% YTD and Counting  — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision. 

Access two highly-vetted options trades each week -  Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.