Schaeffer's Top Stock Picks for '25

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

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?