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 twitter 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.

 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Common mistakes options traders make
 


 


 
Special Offers from Schaeffer's Trading Partners