tsla

Overseas Trading: Dovish ECB, PBOC Rate Cut Spark Global Stock Rally

Asian markets celebrated a dovish ECB outlook, while Europe is rallying after China's latest rate cut

Oct 23, 2015 at 8:27 AM
facebook X logo linkedin


Stocks in Asia settled higher today, bolstered by Thursday's dovish remarks from European Central Bank (ECB) President Mario Draghi. Well-received economic data also encouraged the bulls; South Korea's third-quarter gross domestic product (GDP) topped expectations, while property stocks rallied in China following a solid report on new home prices. Meanwhile, a softer yen underpinned equity gains in Tokyo. By the close, Japan's Nikkei popped 2.1%, China's Shanghai Composite and Hong Kong's Hang Seng each climbed 1.3%, and South Korea's Kospi advanced 0.9%.

After local markets closed for the week, the People's Bank of China (PBOC) cut its benchmark one-year lending and deposit rates by 25 basis points apiece. This marks the PBOC's sixth rate cut since last November, with the most recent reduction occurring less than two months ago.

Traders in Europe are cheering the latest easing move out of China, with major equity benchmarks higher across the board at midday. Closer to home, Markit's flash purchasing managers manufacturing index (PMI) for the eurozone arrived at a stronger-than-forecast 52.0 in October. At last check, the German DAX and French CAC 40 are both up 2.7%, while London's FTSE 100 has added 1.5%.

Overseas markets 1023

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.