Overseas Trading: Fed Outlook Stings Europe, China

The Fed's uncertain view of the U.S. economy has global stock markets mostly lower

Jan 28, 2016 at 8:45 AM
facebook X logo linkedin


China stocks sold off once again, as the Federal Reserve's cautious note for U.S. economic growth dragged down shares. The Shanghai Composite dropped another 2.9% -- its third straight loss -- to settle at its lowest point since November 2014, despite another hefty cash infusion by the People's Bank of China (PBOC). Japan's Nikkei also ended lower, slipping 0.7% following a report that showed retail sales fell 1.1% last month. However, Hong Kong's Hang Seng managed an 0.8% advance, with South Korea's Kospi also closing higher, gaining 0.5%.

The scene's bleaker in Europe. Indices are lower across the board due to the Fed's uncertain language and another batch of lackluster earnings, though rising crude futures are providing some level of relief. Traders also absorbed a fourth-quarter gross domestic product (GDP) estimate from the U.K. that matched forecasts. Germany's DAX was off 1.4% at last check, with France's CAC 40 down 1%, and London's FTSE 100 0.7% below breakeven. 


160128OS

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI