Overseas Trading: Doha Meeting, China GDP Weigh on Global Stocks

China's GDP growth slowed down from the fourth quarter, while investors are exercising caution before top oil producers meet Sunday in Doha

Apr 15, 2016 at 8:41 AM
facebook X logo linkedin

Stocks in Asia edged lower today, following the release of China's first-quarter gross domestic product (GDP) figures. The Chinese economy grew a year-over-year 6.7% during the quarter, which matched estimates but marked a slowdown from the fourth quarter. However, other key economic data -- such as new home starts, industrial production, and retail sales -- hinted at signs of economic improvement. Nonetheless, China's Shanghai Composite, Hong Kong's Hang Seng, and South Korea's Kospi all fell 0.1%. Japan's Nikkei snapped a three-day win streak by losing 0.4%.

European stocks are also trading lower at midday. Aside from China's GDP, traders are exercising caution ahead of Sunday's meeting in Doha, Qatar, where top oil producers will meet to discuss a potential production freeze. Brent crude futures were last seen sharply lower, as speculation swirls that Iran's oil minister won't participate in the meeting. London's FTSE 100 and Germany's DAX were both last seen 0.5% lower. France's CAC 40, meanwhile, was off 0.6%. 

Overseas Trading April 15

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.


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI