Overseas Trading: Global Stocks Mixed Ahead of Yellen

Stocks in Asia are mostly higher on reports that the Japanese prime minister may delay a sales-tax increase

May 27, 2016 at 8:39 AM
facebook twitter linkedin

Markets in Asia finished the day mostly higher, even as crude oil fell back below $50 per barrel. Traders are awaiting today's gross domestic product (GDP) data from the U.S., as well as comments from Federal Reserve Chair Janet Yellen. Japan's Nikkei ended up 0.4% despite a slip in the consumer price index (CPI), while reports again surfaced suggesting Prime Minister Shinzo Abe is considering a two-year delay on a planned sales-tax increase.

Meanwhile, Hong Kong's Hang Seng added 0.9%, and South Korea's Kospi climbed 0.6%, while China's Shanghai Composite finished essentially flat.

European stocks are mostly lower at midday, as investors continue to eye oil prices and U.S. data. London's FTSE 100 was last seen just below breakeven, and France's CAC is down 0.1%, while the German DAX has added 0.2%.

overseas stocks may 27

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. 

Begin the New Year With Schaeffer's 7 FREE 2022 Stock Picks!



Special Offers from Schaeffer's Trading Partners