Overseas Trading: China GDP Lifts Global Stocks

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

by Alex Eppstein

Published on Jan 19, 2016 at 8:35 AM

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



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


Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Cannabis Stock Rally Cut Short after Downgrade
Aurora Cannabis did receive a price-target hike from Jefferies, though
Vaccines, China Trigger Roller Coaster Week for Stocks
Moderna's vaccine captured the attention of Wall Street
Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.