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 X logo 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.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI