Overseas Trading: Exports Hit Japan; Bayer Weighs On German Stocks

Exports in Japan slumped last month, and stocks in Germany are lower after an official bid from Bayer AG for Monsanto Company (NYSE:MON)

May 23, 2016 at 8:44 AM
facebook twitter linkedin


Stocks in Asia finished the day mixed, as G-7 talks in Japan have so far failed to result in an agreement on how to deal with a lackluster global economy. Japan's Nikkei slipped 0.5% on a stronger yen, following a round of economic data showing the country's exports fell by 10.1% year-over-year, while imports dropped 23.3% for the period. Hong Kong's Hang Seng gave up 0.2% for the day.

Meanwhile, China's Shanghai Composite added 0.7%. The South Korean Kospi also ended the day higher, climbing 0.4%.

Markets in Europe are covered in red at midday. Germany's DAX is off 0.7%, as Bayer AG takes a big dip following its $62 billion bid for Monsanto Company (NYSE:MON). Falling crude oil and metals prices are also weighing on stocks across the continent, with France's CAC 40 last seen 0.7% lower. London's FTSE 100 is down 0.2%, amid reports that the U.K. Treasury will warn that a "Brexit" could result in a year-long recession for Britain. 

overseas stocks may 23


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!

 


 


 
Special Offers from Schaeffer's Trading Partners