Overseas Trading: Yellen Sparks Global Stock Boom

Stocks in Asia and Europe are surging, though Japanese markets struggled amid a stronger yen

Mar 30, 2016 at 8:21 AM
facebook X logo linkedin


Asian stocks largely rallied on yesterday's dovish remarks from Fed Chair Janet Yellen, as well as a rebound in oil prices. China's Shanghai Composite led the way with a 2.8% jump, amid speculation about potential government support. Similarly, Hong Kong's Hang Seng and South Korea's Kospi rallied a respective 2.2% and 0.4%. Bucking the bullish trend was Japan's Nikkei, which fell 1.3% after industrial output fell more than expected -- and as exporters again faced pressure from a stronger yen.

Yellen's speech is serving as an upward catalyst in Europe, as well, especially among commodity stocks. Germany's DAX is up 1.8%, with shares of retailer Metro soaring 11% on plans to split in two. Elsewhere, London's FTSE 100 has shot 1.7% higher, while France's CAC 40 has added 1.9%.

160330overseas


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