Overseas Trading: ECB Surprise Fuels Global Stock Rally

Stocks in Asia and Europe are higher as traders consider the European Central Bank's (ECB) policy decision

Mar 11, 2016 at 8:38 AM
facebook twitter linkedin

Stocks across Asia closed higher, as traders considered the impact of the European Central Bank's (ECB) surprise policy decision. In China, the Shanghai Composite managed a 0.2% gain, but was outdone by Hong Kong's Hang Seng, which closed 1.1% higher. Japan's Nikkei settled higher for the third straight session, adding 0.5%. In South Korea, the Kospi managed a 0.1% gain. 

Over in Europe, stocks are surging at midday. Aside from expanded stimulus measures from the ECB, traders are taking their cues from rising crude oil futures. Germany's DAX was up 3.2% at last check, with France's CAC 40 close behind, up 3%. London's FTSE 100 has added 1.6% so far. 


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! 


300x250 - Banner 3 - v1