Overseas Trading: Global Stocks Stumble Ahead of U.S. Jobs Report

Downbeat data out of Japan weighed on Asian stocks ahead of today's U.S. nonfarm payrolls report

Apr 1, 2016 at 8:29 AM
facebook twitter linkedin

Stocks in Asia mostly retreated, as traders digested a mixed round of data and looked ahead to the U.S. nonfarm payrolls report. Japan's Nikkei led regional markets lower, plunging nearly 3.6% after the Bank of Japan's Tankan survey revealed business sentiment was at its lowest level in three years among major manufacturers. Joining the sell-off were Hong Kong's Hang Seng and South Korea's Kospi, down 1.3% and 1.1%, respectively -- with the losses in Seoul driven by soft trade data. Bucking the trend lower was China's Shanghai Composite, which edged 0.2% higher following monthly gains in both the Caixin manufacturing purchasing managers index (PMI) and the government's official PMI.

European stocks are selling off, with traders jittery ahead of the U.S. jobs report. Markets are also reacting negatively to the downbeat data out of Japan, the steepest drop in European factory good prices since 2009, and widening losses in oil prices, with Brent crude futures off more than 2% at $39.41. At last check, France's CAC 40 and Germany's DAX have both stumbled about 2.2%, while London's FTSE 100 has dropped 1.3%.


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!



Special Offers from Schaeffer's Trading Partners