Schaeffer's Top Stock Picks for '25

Overseas Trading: Global Stocks Surge as 'Brexit' Fears Subside

A fresh batch of polls released over the weekend show rising support for the U.K. to remain in the EU

Jun 20, 2016 at 8:50 AM
facebook X logo linkedin


Asian stocks rallied today, as a fresh batch of "Brexit" polls showed increasing support for the "remain" camp ahead of this Thursday's referendum in the U.K. -- and in the wake of a tragic turn of events. Stocks also reacted to rising oil prices, which appear to be on the mend following last week's dismal showing. Japan's Nikkei led its regional peers higher, jumping 2.3% as a cooling yen overshadowed an eighth straight monthly decline in exports in May.

Elsewhere in the region, Hong Kong's Hang Seng tacked on 1.7%, and South Korea's Kospi rose 1.4%. China's Shanghai Composite brought up the rear, adding 0.1% by the close.

Stocks in Europe are surging at midday, as rising support for the U.K. to stay in the European Union (EU) boosts the British pound to its biggest percentage gain since 2008. At last check, the French CAC 40 is up 3.7%, the German DAX is 3.6% higher, and London's FTSE 100 is flirting with a 3.3% lead.

Overseas Trading June 20

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?