Overseas Trading: Global Stocks Bounce Back as 'Brexit' Fears Ease

Stocks in Asia and Europe are higher today, amid rising crude oil prices and a break from "Brexit" worries, following the death of a British Parliament member

Jun 17, 2016 at 8:38 AM
facebook X logo linkedin

Stocks in Asia and Europe are higher today, as "Brexit" fears have eased for the moment, with both sides suspending campaigns following Thursday's shooting death of British Parliament member Jo Cox. A rise in oil prices is also boosting the markets, with crude oil turning positive overnight.

Japan's Nikkei led the Asian markets, closing up 1.1% as a relatively weaker yen boosted exporters. Of note, Japanese Finance Minister Taro Aso spoke out against "one-sided, rapid and speculative moves" in the currency market, vowing to "act more firmly than before" to curb yen movement, if necessary. Hong Kong's Hang Seng added 0.7%, China's Shanghai Composite climbed 0.4%, and South Korea's Kospi eked out a gain of less than 0.1%. For the week, however, all major Asian exchanges finished with significant losses, including a 6% slide for the Nikkei.

European markets are also higher at midday, but down for the week, with energy and mining stocks getting a boost amid bouncing crude futures and a weaker dollar. Bank stocks are also among the leading gainers, with a pause from "Brexit" concerns easing recent pressure. London's FTSE 100 is 0.9% higher, France's CAC 40 has added 0.8%, and the German DAX is up 0.5%.

overseas stocks june 17

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. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI