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 twitter 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

 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Master Portfolio Trial
 


 


 
Special Offers from Schaeffer's Trading Partners