Overseas Trading: Commodity Weakness Weighs on Asia, Europe

Weakness among commodity stocks has European benchmarks lower across the board

by Alex Eppstein

Published on Dec 30, 2015 at 8:24 AM
Updated on Dec 30, 2015 at 8:37 AM

Asian markets finished a low-volume session mixed, as traders eyed an overnight bounce in oil prices. A weaker yen helped Japan's Nikkei to a 0.3% gain amid strength in exporters, with the benchmark finishing a fourth consecutive year higher, up 9.3%. China's Shanghai Composite also added 0.3%, with rail stocks rallying on reports that the second phase of a Dalian railway project has been approved. On the flip side, Hong Kong's Hang Seng and South Korea's Kospi retraced earlier advances to finish on losses of 0.5% and 0.3%, respectively.

Stocks in Europe are feeling the weight of a sell-off in commodities -- though some miners are managing to buck the downtrend -- putting the region on track for its worst December since 2002. London's FTSE 100 could snap its four-session winning streak, down 0.5%, with oil majors suffering sharp losses. The German DAX, which is shuttered tomorrow for New Year's Eve, is off 0.8% -- but is still up roughly 10% for 2015. Rounding things out, France's CAC 40 has retreated 0.3%.

151230overseas



A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.
Billion-Dollar AT&T Loan Boosts Stock
T announced at $5.5 billion term-loan agreement today
SHOP Stock Fails to Shake Off Downgrade
Raymond James downgraded Shopify to "market perform" from "outperform"
The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.