Overseas Trading: Asian Stocks Slip as China Battles Deflation

Disappointing Chinese inflation data triggered losses across Asia, with miners pacing the decline among European stocks

Nov 10, 2015 at 8:38 AM
facebook twitter linkedin


On the heels of yesterday's bleak trade data, global markets were hit with another round of disappointing economic news out of China. Wholesale and consumer inflation on the mainland both fell short of expectations last month, offering further confirmation of cooling demand. While most Asian markets ended lower on the day, continued weakness in the yen and a well-received round of corporate earnings helped Japan's Nikkei eke out a 0.2% gain, notching its fourth win in a row. Elsewhere, Hong Kong's Hang Seng and South Korea's Kospi fell 1.4% each, while China's Shanghai Composite backpedaled 0.2%.

Stocks in Europe are lower at midday, taking their cues from Asia's generally gloomy session and Wall Street's negative Monday finish. Mining stocks are among the top laggards, pressured by China's lackluster data and a Barclays downgrade to "neutral." At last check, the French CAC 40 and London's FTSE 100 have each given up 0.6%, while the German DAX is off 0.2%.

Overseas markets 1110

 

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