AAL

Overseas Trading: European Stocks Charge Higher Ahead of 'Brexit'

Japan's Nikkei sat out the global rally on a strengthening yen

Jun 22, 2016 at 8:39 AM
facebook X logo linkedin


Asian markets finished mixed amid a low-volume session, with trading subdued ahead of tomorrow's highly anticipated "Brexit" vote in the U.K. In Japan, the Nikkei gave back a portion of its recent gains, closing down 0.6%, as a strengthening yen applied pressure to exporters.

Things were more upbeat elsewhere in the region. China's Shanghai Composite, for instance, added 1%, while Hong Kong's Hang Seng tacked on 0.6% and South Korea's Kospi rose 0.5%.

European benchmarks are higher at midday, getting a lift from tech and financial stocks, as well as rising oil prices. Today is the final day of campaigning before tomorrow's "Brexit" referendum, with traders also keeping a close eye on U.S. Fed Chair Janet Yellen's second day of testimony in front of Congress. At last check, the German DAX is up 1.1%, London's FTSE 100 is 0.8% higher, and the French CAC 40 is flirting with a 0.7% lead.

Overseas Trading June 22

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. 

 

Same-Day Trading Power: +227% YTD and Counting  — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision. 

Access two highly-vetted options trades each week -  Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.