Overseas Trading: Anxiety Spike Drubs Global Stocks

Bond yields are near record lows in Japan and elsewhere, as stock volatility has traders seeking shelter

Jun 10, 2016 at 8:42 AM
facebook twitter linkedin


Asian stocks ended the week on a low note, as commodity prices were hit by a stronger dollar. Japan's Nikkei surrendered 0.4%, with anxiety spiking ahead of next week's Bank of Japan (BoJ) policy meeting. Also, the government's benchmark bond yield touched a record low of negative 0.145%, suggesting investors are rushing to safe-haven investments rather than staying in a volatile stock market.

Elsewhere, South Korea's Kospi dipped 0.3%, amid an investigation into conglomerate Lotte Group. Hong Kong's Hang Seng reopened after a holiday, and promptly fell 1.2%. Meanwhile, markets in China remained closed for the Dragon Boat Festival.

A sharp drop in crude oil prices is hitting European stocks hard, as is uncertainty ahead of a number of key events -- including the U.K.'s "Brexit" vote later this month. Consequently, bond yields are approaching record lows as investors rush to safety. At last check, London's FTSE 100 is down 1.7%, as Tesco shares dive after the retailer sold its controlling stake in a Turkish grocery business. Rounding things out, France's CAC 40 has plunged 2%, while the German DAX is staring at a 2.3% deficit.

overseas trading june 10

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!

SCHAEFFER'S JULY STOCKS REPORT AD
 


 


 
Special Offers from Schaeffer's Trading Partners