Schaeffer's Top Stock Picks for '25

Overseas Trading: China Bucks Global Rally; ECB Minutes in Focus

Most global benchmarks have followed their U.S. counterparts into the green

Feb 18, 2016 at 8:47 AM
facebook X logo linkedin


Most Asian benchmarks settled higher today, buoyed by a bullish session on Wall Street and a sharp rally in oil prices. In Japan, the Nikkei jumped 2.3%, despite a strengthening yen and data that showed January exports slipped a worse-than-expected 12.9%. Elsewhere, Hong Kong's Hang Seng also rallied 2.3%, while South Korea's Kospi tacked on 1.3%. China's Shanghai Composite, however, failed to capitalize on the regional uptrend -- shedding 0.2%, following multiple reports of fraudulent loans and mixed inflation data. Although Beijing's consumer price index rose a year-over-year 1.8% last month, its producer price index fell 5.3%.

European markets are mostly up at midday, as crude futures extend yesterday's positive price action on hopes of a global production freeze. Traders are also digesting the minutes from the latest European Central Bank (ECB) meeting, at which ECB President Mario Draghi said the central bank could possibly "reconsider" its stance on interest rates at its March meeting. At last check, the German DAX was up 1.7%, while the French CAC 40 was flirting with a 0.9% lead. London's FTSE 100, meanwhile, is off 0.3% as European Union (EU) leaders meet to discuss a possible "Brexit."

160218overseas

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.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?