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 X logo 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.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI