Overseas Trading: China GDP Lifts Global Stocks

China's GDP data was in line with consensus estimates, sending stocks in Asia and Europe higher

Jan 19, 2016 at 8:35 AM
facebook twitter linkedin


Asian stocks ended the day higher, with Chinese markets leading the way. Specifically, the Shanghai Composite soared 3.3% amid a round of well-received economic data, including in-line fourth-quarter and full-year gross domestic product (GDP) readings of 6.8% and 6.9%, respectively. Meanwhile, Japan's Nikkei advanced 0.6%, helped by upbeat comments from economics minister Akira Amari, who blamed stock weakness on external factors -- especially crude oil's decline. Rounding things out, Hong Kong's Hang Seng gained 2.1% and South Korea's Kospi added 0.6%.

China's GDP is proving a boon to European stocks, as well, with commodities leading the charge higher. Traders are also looking ahead to Thursday's European Central Bank (ECB) meeting, where policymakers are expected to reiterate their dovish stance. At last check, London's FTSE 100 and Germany's DAX are each up 2.2%, and the French CAC 40 is 2.6% higher.

160119overseas


 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Stock Pick Report
 


 


 
Special Offers from Schaeffer's Trading Partners