Overseas Trading: Resource Stocks Slip; Traders Eye Yellen Speech

Stocks in Asia and Europe ended mixed ahead of today's planned speech from Fed Chair Janet Yellen

Mar 29, 2016 at 8:37 AM
facebook twitter linkedin


Asian stocks ended the day mixed ahead of today's speech by Fed Chair Janet Yellen, which they'll be scouring for rate-hike clues. Falling oil prices also put pressure on energy stocks. In terms of specific indexes, China's Shanghai Composite plunged 1.3% on a stronger yuan. Meanwhile, Japan's Nikkei slipped 0.2%, as an uptick in unemployment and disappointing retail sales offset a surprise increase in consumer spending. Also, Japanese Prime Minister Shinzo Abe promised to speed the implementation of a recently approved budget to help the economy. Rounding things out, Hong Kong's Hang Seng and South Korea's Kospi gained 0.1% and 0.6%, respectively.

European markets are also trading mixed after the long Easter weekend, with mining stocks struggling after a bearish note from Barclays. However, travel stocks have largely shrugged off the hijacking of an EgyptAir flight, which ended in the alleged hijacker's arrest. At last check, London's FTSE 100 is down 0.1% and the German DAX has edged 0.01% lower, while France's CAC 40 has picked up 0.4%.

160329overseas

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.

 

 

 

These investors are using the market's volatility to their advantage and scoring triple-digit gains on many of their trades.

Even in today's sideways bear market, this trading strategy has continued to provide consistency and profitability to a small group of investors. By using this approach, these traders are removing directional risk and still hitting triple-digit returns. If you want access to this strategy, and lower risk with higher returns sounds good to you, then don't wait another minute.

Join us now to receive our next trades the moment they come out!

 

Common mistakes options traders make
 


 


 
Special Offers from Schaeffer's Trading Partners