Overseas Trading: European Stocks Whipped by Fed, 'Fat Finger' Trade

Stocks in China dodged the post-Fed bullet, while London traders are buzzing about a 'fat finger' trade

Sep 18, 2015 at 8:28 AM
facebook twitter linkedin

Stocks in Asia mostly advanced following the Fed's decision not to raise interest rates. China's Shanghai Composite rose 0.4% amid upbeat home price data, Hong Kong's Hang Seng tacked on 0.3%, and South Korea's Kospi soared 1%. However, Japan's Nikkei tanked 2% on a stronger yen, ahead of a four-day holiday weekend.

European markets are taking it on the chin, as traders wax pessimistic about the global economy and Fed Chair Janet Yellen's post-decision remarks -- which were more dovish than expected. In addition, London's FTSE 100 briefly dropped 2% intraday, amid talk of a "fat finger" error, but has pared its losses to 1.1% at midday. Meanwhile, the French CAC 40 has lost 2.3%, and the German DAX leads the laggards, dropping 2.8%.



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