Overseas Trading: Pre-Fed Caution Grips Global Markets

Traders are keeping a close eye on next week's central bank policy-setting meeting in the U.S.

Sep 11, 2015 at 8:18 AM
facebook twitter linkedin

Asian markets settled mostly lower, as caution set in ahead of next week's big central bank meeting in the U.S. While expectations were high that a policy change was on the table, recent volatility in Chinese markets has raised questions over whether or not the Fed will raise interest rates for the first time since 2006.

By the close, South Korea's Kospi shed 1.1% amid a round of profit-taking, after the Bank of Korea's decision to stand pat on its current monetary policy. Elsewhere, Hong Kong's Hang Seng shed 0.3% and Japan's Nikkei gave back 0.2%. China's Shanghai Composite managed to eke out a 0.07% gain, and notched its first weekly advance in roughly a month.

European benchmarks are staring at midday losses, with traders taking profits off the table before next week's highly anticipated Fed announcement. Also weighing on sentiment are abandoned merger plans between Telenor ASA and TeliaSonera AB, which has prompted a big sell-off in the telecom sector. At last check, the German DAX and the French CAC 40 are flirting with 0.7% losses, while London's FTSE 100 is off 0.3%.



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!



Special Offers from Schaeffer's Trading Partners