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. 


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