Overseas Trading: Yuan Stabilizes, Greece Votes 'Yes'

Greece's parliament overnight approved a third bailout agreement

Aug 14, 2015 at 8:29 AM
facebook X logo linkedin


Asian markets closed mixed today, as China's yuan continued to capture the attention of traders. Specifically, the country's currency stabilized after the People's Bank of China (PBOC) increased its daily reference rate by 0.05%. The yuan has spent most of the week tumbling -- and sending ripples through global markets -- following policymakers' surprise decision to devalue the currency. At the close, China's Shanghai Composite was up 0.3%, while Hong Kong's Hang Seng gave back 0.1%, and Japan's Nikkei fell 0.4% on pressure from falling energy prices. South Korea's Kospi was shuttered for holiday.

European benchmarks are lower at midday, after dreary second-quarter gross domestic product (GDP) readings from Germany, France, and the broader eurozone. Traders are also keeping a close eye on Greece, after the country's lawmakers approved a multi-billion-dollar bailout agreement overnight. The plan will now be discussed at a meeting among eurozone finance ministers in Brussels later today. Against this backdrop, the French CAC 40 is down 0.5%, the German DAX is off 0.4%, and London's FTSE 100 is 0.1% lower.

150814overseas

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI