Overseas Trading: China Rate Cut Lifts European Markets

Following another brutal day for Chinese stocks, the People's Bank of China (PBOC) cut interest rates

Aug 25, 2015 at 8:22 AM
facebook X logo linkedin


It was a mixed finish in Asia, though the losses were far more severe than the wins. China's Shanghai Composite plunged another 7.6%, just a day after its 8.5% plunge rattled global markets. After the close of trading, the People's Bank of China (PBOC) cut interest rates for the fifth time since November, and lowered banks' minimum reserve requirements.

Elsewhere, Japan's Nikkei reversed early gains to slump nearly 4%, as a stronger yen weighed on exporters and continued weakness in oil prices pressured energy names. On the other side of the coin, Hong Kong's Hang Seng added 0.7%, while cooling tensions with Pyongyang propelled South Korea's Kospi to a 0.9% advance.

The PBOC's interventions are boosting European markets at midday. Germany's DAX is 4.4% higher after a stronger-than-forecast Ifo business climate index. Elsewhere, London's FTSE 100 is up 3.3% -- on track for its first daily win in 11 -- and France's CAC 40 has soared 4.4%.

150825overseas

 

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