AAL

Overseas Trading: Global Stocks Slump as Greenback Gains Ground

Global stocks are in the red as a strong U.S. dollar weighs on commodities

May 4, 2016 at 8:41 AM
facebook X logo linkedin


Asian stocks finished lower today, following Tuesday's sell-off on Wall Street -- as a strengthening greenback put pressure on dollar-denominated crude oil. Mining and energy stocks saw especially deep losses. For the day, China's Shanghai Composite shed 0.1%, Hong Kong's Hang Seng dropped 0.7%, and South Korea's Kospi gave up 0.5%. Markets in Japan remained shuttered for holiday.

Earnings are in focus in Europe today, with U.K.-based supermarket chain J Sainsbury tumbling in the wake of its results. Elsewhere, mining stocks are selling off, after BHP Billiton got slapped with a $44 billion civil lawsuit by Brazilian prosecutors. Meanwhile, the rising U.S. dollar is weighing on commodity stocks, as well. At last check, London's FTSE 100 is off 1.2%, while France's CAC 40 and the German DAX have shed 0.7% each.

overseas stocks may 4

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.
 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.