Overseas Trading: Cooling Yen Lifts Nikkei

A cooling yen helped Japan's Nikkei higher

Apr 12, 2016 at 8:45 AM
facebook twitter linkedin


Asian stocks closed mostly higher today, as investors closely watch the beginning of U.S. earnings season. Stocks in Japan again took their cues from the yen, as the currency took a breather from its rally against the dollar, helping the Nikkei to a 1.1% win -- its best day in roughly one month. South Korea's Kospi and Hong Kong's Hang Seng managed respective wins of 0.6% and 0.3%, though Chinese stocks underperformed. Specifically, the Shanghai Composite edged 0.3% lower, with traders concerned that a recently announced batch of initial public offerings (IPO) could further dilute financial markets.

In Europe, stocks are cautiously higher, with mining stocks outperforming on solid diamond sales for Anglo American. However, luxury stocks are sliding after LVMH announced disappointing revenue for the first quarter, citing a slowdown in tourism. At last check, the FTSE 100 had ticked 0.02% higher, France's CAC 40 was up 0.1%, and Germany's DAX had added 0.2%. 

Overseas Trading April 12

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!

Schaeffer's Investment Research Stock Pick Report
 


 


 
Special Offers from Schaeffer's Trading Partners