Overseas Trading: Asia Stocks Rally; FTSE 100 Could Snap Winning Streak

Asia stocks ended higher, following Wall Street's lead, but sinking oil prices are weighing on stocks in Europe

Mar 2, 2016 at 8:44 AM
facebook twitter linkedin


Following Wall Street's lead, stocks in Asia enjoyed a strong session, shaking off a late slump in crude oil prices. China shrugged off a downgrade of its credit rating to "negative" from "stable" at Moody's, while exporters paced the Japan rally. The Shanghai Composite finished 4.3% higher, while Japan's Nikkei gained 4.1%. Hong Kong's Hang Seng gained 3.1%, while South Korea's Kospi climbed 1.6%.

European markets are mostly higher at midday, taking cues from Wall Street and Asia. However, a drop in oil prices has most indexes off their session highs. At last check, London's FTSE 100 is off 0.3% -- on pace to snap a four-day winning streak -- while France's CAC 40 is 0.1% ahead, and the German DAX has added 0.4%.

160302OS


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.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners