Q2 STOCKS TO BUY

Overseas Trading: Bank of Japan Stands Pat; Resource Stocks Sink Europe

Stocks in Asia and Europe are trading lower, with mining and energy names setting the pace

Mar 15, 2016 at 8:31 AM
facebook X logo linkedin


Stock markets around the globe are jittery as traders gear up for the U.S. Federal Open Market Committee's (FOMC) two-day policy meeting, which begins today. In Asia, stocks closed mostly lower -- though China's Shanghai Composite managed a third straight win, adding 0.2%. Hong Kong's Hang Seng and Japan's Nikkei both dropped 0.7%, with the yen edging higher after the Bank of Japan (BOJ) decided to keep its current monetary policy in place. However, the BOJ said additional quantitative easing may be necessary to meet its inflation target. South Korea's Kospi, meanwhile, lost 0.1%. 

In Europe, falling oil prices are weighing on shares. Bent crude futures are trading down 2.2% at $38.67 per barrel, pulling energy stocks deep into the red. Mining stocks are also suffering heavy losses at midday. France's CAC 40 was off 1% at last check, while London's FTSE 100 was down 0.7%, and Germany's DAX had fallen 0.6%.

160315OS

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.

 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here