Overseas Trading: Asia Mixed Post-Fed; Europe Drops on Earnings

Asian stock markets were mixed following the U.S. Fed's latest policy statement

Oct 29, 2015 at 8:30 AM
facebook twitter linkedin


It was a mixed finish in Asia today, after the U.S. Fed indicated a December interest rate hike was still under consideration. Likewise, a stronger-than-forecast report on Japanese industrial production put a damper on expectations for the Bank of Japan to open the throttle on its stimulus efforts following its Friday meeting. By the close, China's Shanghai Composite added 0.4%, Japan's Nikkei rose 0.2%, South Korea's Kospi backpedaled 0.4%, and Hong Kong's Hang Seng gave up 0.6%.

European markets are pointed south at midday, pressured by a generally gloomy round of corporate earnings. Deutsche Bank has tumbled more than 7% in Frankfurt following its quarterly results; elsewhere, oil majors Eni and Royal Dutch Shell are also in the red post-earnings. At last check, London's FTSE 100 is 1.1% lower, France's CAC 40 is off 0.8%, and the German DAX is down 0.5%.

Overseas markets 1029

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners