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 twitter 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. 


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners