Overseas Trading: Global Stocks Climb Ahead of Yellen, 'Brexit'

The U.K. will vote whether to stay in the EU on Thursday, and the latest polls are mixed

Jun 21, 2016 at 8:48 AM
facebook X logo linkedin


Most Asian markets finished higher, on the back of Monday's massive gains. Stocks continued to react to the upcoming "Brexit" referendum, with recent polls mixed following the murder of U.K. lawmaker Jo Cox last week. Additionally, optimism was on the rise ahead of U.S. Fed Chair Janet Yellen's two-day testimony in front of Congress, which kicks off later today.

Japan's Nikkei outpaced its regional peers, tacking on 1.3% as the yen weakened. Finance Minister Taro Aso weighed in on the currency, saying the government has "no intention to easily resort to foreign exchange intervention" -- a quick switch from last week's position. Elsewhere, Hong Kong's Hang Seng added 0.8%, and South Korea's Kospi edged 0.1% higher. China's Shanghai Composite, meanwhile, gave back 0.3%.

European benchmarks are in the green at midday, after notching their best session since August on Monday. While Thursday's "Brexit" vote remains front and center, speculators will also be eyeing an upcoming speech from European Central Bank (ECB) President Mario Draghi, after Germany's constitutional court ruled in favor of the ECB's Outright Monetary Transactions (OMT) program. At last check, the French CAC 40 is up 0.7%, the German DAX is 0.5% higher, and London's FTSE 100 has added 0.1% as the British pound climbs to its loftiest level since early January.

Overseas Trading June 21

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