Schaeffer's Top Stock Picks for '25

Overseas Trading: Yellen Sparks Global Stock Rally

Fed Chair Janet Yellen's comments yesterday on U.S. interest rate hikes have boosted stocks globally

Jun 7, 2016 at 8:43 AM
facebook X logo linkedin


Asian markets responded positively to Fed Chair Janet Yellen's remarks on the timing of the central bank's next rate hike. Higher commodity prices throughout the region also acted as a positive catalyst for stocks. In terms of the major benchmarks, Hong Kong's Hang Seng led the pack with a 1.4% gain.

Meanwhile, Japan's Nikkei added 0.6%, bolstered by a weaker yen that ushered some major Japanese exporters higher. South Korea's Kospi re-opened after holiday, and promptly tacked on 1.3%. Rounding things out, China's Shanghai Composite edged just 0.07% higher, as traders tread cautiously ahead of capital outflows data.

Yellen is boosting stocks across the pond, too, with European markets rallying. Also contributing to the tailwinds are an upwardly revised eurozone first-quarter gross domestic product (GDP) reading and a bounce in oil prices. At last check, London's FTSE 100 is up 0.4%, the French CAC 40 has advanced 1.3%, and Germany's DAX is 1.7% higher following a report that showed industrial production rose by a wider-than-expected margin in April.

overseas trading june 7b

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. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?