Overseas Trading: U.K. Stocks Surge as 'Brexit' Support Builds

Traders in Asia and Europe are awaiting a speech from Fed Chair Janet Yellen

by Alex Eppstein

Published on Jun 6, 2016 at 8:38 AM

Stocks in Asia finished mixed, as traders reacted to last Friday's lackluster jobs report out of the U.S. Specifically, as hopes of a June rate hike dimmed on the nonfarm payrolls numbers, the U.S. dollar sank against the yen, pressuring Japanese markets. As such, Japan's Nikkei dropped 0.4%, despite a big gain in shares of Softbank, which announced plans to sell most of its stake in GungHo Online Entertainment -- in what is becoming a bit of a trend for the tech mogul.

Elsewhere, China's Shanghai Composite slipped 0.2%, while Hong Kong's Hang Seng added 0.4% on the back of a rally in mining stocks. Meanwhile, South Korea's Kospi was shuttered for holiday.

European markets are going in different directions despite regional strength among miners, in the lead-up to a speech from Fed Chair Janet Yellen. London's FTSE 100 has jumped 1%, as the pound tumbles following polling data that shows mounting support for a "Brexit" from the European Union. The German DAX was last seen down nearly 0.1%, after manufacturing orders dropped by a steeper-than-expected 2% in April. Rounding things out, France's CAC 40 is more or less unchanged.

overseas trading june 6b

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. 


A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.
Wall Street Roars Higher Amid Civil Unrest
Investors weighed a mixed bag of jobs data
AstraZeneca Stock Flat Despite COVID-19 Vaccine News
AstraZeneca saw a rise in capacity for its COVID-19 vaccine candidate
The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.