Overseas Trading: Japan Rallies; 'Brexit' Fears Keep BoE in Check

Stocks in Japan scored their best day in over a month, while the Bank of England (BoE) stood pat on interest rates amid 'Brexit' worries

Apr 14, 2016 at 8:43 AM
facebook X logo linkedin

Wall Street's rally on Thursday bled over into Asia, while surprise monetary easing out of Singapore only added to the risk-on attitude. In Japan, the yen fell again against the dollar, giving the Nikkei a third straight impressive win with a 3.2% gain -- its best day since March 2. Also lifting Japanese markets were comments from Bank of Japan (BoJ) Governor Haruhiko Kuroda, who said policymakers wouldn't "hesitate to take additional easing measures" if necessary. Ahead of the country's first-quarter gross domestic product (GDP) release on Friday, China's Shanghai Composite tacked on 0.5%. Hong Kong's Hang Seng ended 0.9% higher, and South Korea's Kospi closed with a 1.8% gain. 

Stocks' gains in Europe are less impressive. Lower Brent crude futures are sapping investor sentiment, as is news that the Bank of England (BoE) left interest rates unchanged in light of ongoing "Brexit" concerns. Among stocks, luxury retailer Burberry is moving lower after reporting disappointing same-store sales -- following the lead of this sector peer. The FTSE 100 has still managed a 0.02% lead at midday, while France's CAC 40 was up 0.1% and Germany's DAX was up 0.2%. 

Overseas Trading April 14

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.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI