Overseas Trading: Asia Gains on Stimulus Hopes; Bank Stocks Lead London Higher

More weak data from China's manufacturing sector sparked optimism that additional easing measures may be on the way

Dec 1, 2015 at 8:28 AM
facebook twitter linkedin


Asian stocks finished higher today, with lackluster manufacturing data from the Chinese mainland sparking fresh stimulus hopes. Beijing's official manufacturing purchasing managers index (PMI) pulled back to 49.6 last month, while the Caixin PMI arrived at 48.6 -- indicating an ongoing contraction in the factory sector. Meanwhile, the International Monetary Fund (IMF) officially added the yuan to its Special Drawing Rights (SDR) basket, with the Chinese currency set to join the dollar, euro, yen, and pound as of next October.

Elsewhere, Tokyo-listed stocks rallied on upbeat capital spending data, while traders in Seoul shrugged off last month's declines in both imports and exports. By the close, Hong Kong's Hang Seng gained 1.8%, South Korea's Kospi advanced 1.6%, Japan's Nikkei rose 1.3%, and China's Shanghai Composite edged up 0.4%.

European markets are mixed at midday, with investors cautiously eyeing a mild improvement in the eurozone's unemployment rate ahead of Thursday's European Central Bank (ECB) meeting. London is outperforming its regional peers, boosted by banking names after seven major financial firms passed the Bank of England's stress tests. At last check, London's FTSE 100 has tacked on 0.6%, while France's CAC 40 and Germany's DAX are each 0.1% lower.


Overseas markets 1201

 

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