Overseas Trading: China Cheers Retail Sales; Europe Looks Ahead to Draghi

A solid report on Chinese retail sales sparked optimism at the start of the Singles' Day holiday

Nov 11, 2015 at 8:28 AM
facebook twitter linkedin

Asian markets were little changed today. Traders considered a mixed bag of economic data out of China; industrial output fell short of estimates, but stronger-than-forecast retail sales sparked some mild optimism as Singles' Day commenced. Meanwhile, following Tuesday's sharp losses for Apple Inc. (NASDAQ:AAPL), many of the tech giant's suppliers traded lower. By the close, China's Shanghai Composite added 0.3%, Japan's Nikkei tacked on 0.1%, South Korea's Kospi added 0.03%, and Hong Kong's Hang Seng slipped 0.2%.

European stocks are comfortably higher at midday, with traders looking ahead to an afternoon speech from European Central Bank (ECB) President Mario Draghi -- who has recently adopted a dovish tone regarding eurozone monetary policy. At last check, the German DAX has jumped 1.5%, the French CAC 40 is up over 1%, and London's FTSE 100 has climbed 0.6%.

overseas markets 111115


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! 


300x250 - Banner 3 - v1