Overseas Trading: Global Stocks Bounce Back Ahead of Fed

Global stocks are mostly higher after a downbeat start to the week

Jun 15, 2016 at 8:01 AM
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Stocks in Asia ended the session mostly higher ahead of today's Federal Open Market Committee (FOMC) announcement, though no change in monetary policy is expected. China's Shanghai Composite led the region with a 1.6% gain, as traders shook off a decision by Morgan Stanley Capital International (MSCI) to delay the inclusion of Chinese-listed stocks on its Emerging Markets index. 

Japan's Nikkei added 0.4% to snap a four-session losing streak, aided by a weakening yen. Japanese traders also rushed to safety ahead of tomorrow's Bank of Japan (BoJ) policy decision, sending 10-year government bond yields to a new record low. Meanwhile, Hong Kong's Hang Seng ended a choppy session up 0.4%, while South Korea's Kospi bucked the upbeat trend, shedding 0.2% for the day.

Despite swirling "Brexit" uncertainty, European markets are bouncing back today after a rough start to the week, with retail stocks seeing large gains. Miners and bank stocks are also recovering, with the U.S. dollar weakening ahead of the Fed decision. London's FTSE 100 was last seen 1% higher, ahead of tomorrow's Bank of England meeting and following a sharp drop in unemployment. Meanwhile, Germany's DAX has climbed 1.1% and France's CAC 40 has added 1.3%.

overseas stocks june 15

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