Overseas Trading: Asia Stocks Rally, Shrugging Off Commodity Slump

Traders in Europe and Asia are digesting earnings and the ongoing commodity sell-off

Jul 21, 2015 at 8:20 AM
facebook twitter linkedin


Stocks in Asia rallied on the heels of encouraging U.S. earnings -- and despite ongoing weakness in commodities. China's Shanghai Composite added 0.6% despite data showing foreign direct investments grew 8.3% during the first half, marking a slower pace of annual growth. Japan's Nikkei popped 0.9% on a weaker yen, with airlines catching a lift from lower fuel prices. Elsewhere, Hong Kong's Hang Seng and South Korea's Kospi each tacked on 0.5%.

European bourses are mixed as traders keep an eye trained on the latest round of quarterly results, as well as a potential bailout deal between Greece and its creditors. At last check, France's CAC 40 is up close to 0.1% and London's FTSE 100 has inched 0.04% higher, while the German DAX is down 0.05%.

150721ov5

Grab your FREE Eternal Contrarian report!


 




 
Special Offers from Schaeffer's Trading Partners