Overseas Trading: Global Stocks Higher on Oil, Cooling Yen

Japan's Finance Minister Taro Aso said the government may act to avoid "one-sided" yen movements

by Karee Venema

Published on Apr 8, 2016 at 8:51 AM

It was a mixed session in Asia today, as stocks reacted to a cooling yen. Specifically, the yen pulled back after hitting an 18-month high against the U.S. dollar, after Japan's Finance Minister Taro Aso said the government could "take necessary measures" to avoid "one-sided" currency movements. Against this backdrop, both Japan's Nikkei and Hong Kong's Hang Seng added 0.5%. China's Shanghai Composite, meanwhile, shed 0.8% to log its longest daily losing streak since January, as anticipation builds ahead of Monday's update on inflation. Elsewhere, South Korea's Kospi gave back 0.1%.

European markets are higher at midday. Equities are getting a lift from oil prices, which are rising after Fed Chair Janet Yellen reiterated calls for gradual interest-rate hikes in the U.S. At last check, the German DAX is up 1.2% -- following a surprise jump in the country's trade deficit -- the French CAC 40 is enjoying a 1.1% lead, and London's FTSE 100 is 0.8% higher, despite an unexpected decline in February industrial production.

160408overseas

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.


A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Google Postpones Android Reveal, "Now is Not the Time to Celebrate"
"Now is not the time to celebrate," Google said in a message on its website
ZNGA Zooms to 8-Year High on Billion-Dollar Deal
ZNGA is planning to buy Peak for $1.8 billion
Huge New Legal Marijuana Market Has Shortage Crisis
250 million Europeans have access to medical marijuana. There's already a shortage....