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


 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners