Overseas Trading: Global Stocks Hold Their Breath Ahead of Fed, BoJ

Global stocks are failing to make any big moves ahead of this week's central bank events

by Karee Venema

Published on Apr 26, 2016 at 8:43 AM

It was a mixed finish in Asia today, with traders failing to make any big moves ahead of this week's policy announcements from the Federal Reserve and the Bank of Japan (BoJ). In China, the Shanghai Composite tacked on 0.6%, while Hong Kong's Hang Seng rose 0.5%. South Korea's Kospi, meanwhile, added 0.3%, following a mixed reading on the country's first-quarter gross domestic product (GDP).

Elsewhere, Japan's Nikkei gave back 0.5%, as the yen strengthened against the U.S. dollar. In corporate news, Tokyo-based Mitsubishi Motors slumped nearly 10%, after it was revealed the automaker had been skirting emissions tests for roughly 25 years.

European markets are mostly higher at midday, as stocks react to rising oil prices and a round of well-received corporate earnings reports. Specifically, energy stock BP Plc is flirting with a 5% lead, after the company's earnings arrived above estimates. At last check, London's FTSE 100 is up 0.5%, while the German DAX is 0.2% higher. The French CAC 40, however, is fractionally lower.


Overseas Stocks April 26

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