Overseas Trading: Global Markets Bounce With Oil; G-20 in Focus

Stock markets around the world are higher as financial leaders meet in Shanghai

Feb 26, 2016 at 8:44 AM
facebook twitter linkedin


As the Group of 20 (G-20) leaders began their meetings in Shanghai, Asian stocks enjoyed modest gains. China was able to recover slightly following Thursday's beatdown, with the Shanghai Composite closing 1% higher. Hong Kong's Hang Seng followed suit with a 2.5% advance, led by energy stocks. Japan's Nikkei was able to close higher, adding 0.3%, though electronics giant Sharp continued to sell off amid its M&A uncertainty with Foxconn. South Korea's Kospi, meanwhile, ended with a 0.1% lead. 

Things are even sunnier in Europe, where stocks are surging at midday. Rising crude oil prices have lifted sentiment, as traders await any news out of the G-20 Summit. Royal Bank of Scotland (RBS), however, is sliding after reporting yet another annual loss. At last glance, France's CAC 40 was leading the charge higher with a 1.5% lead, and Germany's DAX was close behind, gaining 1.4%. Rounding things out is London's FTSE 100, up 1.1%. 

160226OS

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.

 

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! 

 
Best stocks for October and worst stocks for October
 


 


 
Special Offers from Schaeffer's Trading Partners