AAL

Overseas Trading: Bank of Japan, TPP Push Tokyo Stocks Higher

Traders in Tokyo are betting on a dovish policy statement from the Bank of Japan tomorrow

Oct 6, 2015 at 8:23 AM
facebook X logo linkedin


Stocks in Asia settled mostly higher again today, bolstered by a strong overnight lead from Wall Street. Stimulus hopes stoked the rally in Tokyo, as the Bank of Japan convened to begin its two-day policy meeting. Traders also cheered the freshly announced Trans-Pacific Partnership (TPP), aimed at reducing trade barriers among Japan and 11 other Pacific Rim nations -- which must still run the gauntlet of U.S. Congress approval before it's finalized.

Meanwhile, in Hong Kong, a continued hot streak for casinos helped stocks pare early losses. By the close, Japan's Nikkei jumped 1%, South Korea's Kospi added 0.6%, and Hong Kong's Hang Seng backpedaled 0.1%. Markets in China remain closed for holiday.

Most European markets are cautiously higher at midday, as traders weigh a downbeat report on German industrial orders against rising expectations for continued accommodation from global policymakers. At last check, the German DAX is up 0.4%, the French CAC 40 has climbed 0.1%, and London's FTSE 100 is 0.06% lower.

1006 overseas markets

 

Same-Day Trading Power: +227% YTD and Counting  — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision. 

Access two highly-vetted options trades each week -  Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.