AAL

Overseas Trading: Europe Stocks Dip After ECB Minutes

Stocks in China sold off ahead of the end of a short-selling ban

Apr 7, 2016 at 8:43 AM
facebook X logo linkedin


Stocks in Asia finished mixed after a strong Wednesday close on Wall Street, as crude futures rose on a drop in U.S. stockpiles. China's Shanghai Composite gave up 1.4% ahead of the end of a three-month ban on short selling for large shareholders. Meanwhile, Japan's Nikkei snapped its losing streak, adding 0.2% despite the yen surging to an 18-month high against the U.S. dollar. Hong Kong's Hang Seng finished 0.3% higher, and South Korea's Kospi climbed 0.1%.

European markets are in the red at midday, as traders digest the latest minutes from the European Central Bank (ECB) meeting, which said "the Governing Council would not rule out future cuts in policy rates, as new shocks could change the outlook for inflation." However, after March's surprise stimulus move, the central bank said "further rate reductions would not be anticipated at this stage." At last check, London's FTSE 100 was off 0.2%, while France's CAC 40 and the German DAX had shed 0.4% each.

160407OS

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.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.