5MRD

Overseas Trading: European Stocks Cool After Post-'Brexit' Rally

European stocks are mostly lower, ahead of a press conference from Bank of England (BoE) Governor Mark Carney

Jun 30, 2016 at 8:55 AM
facebook X logo linkedin


Asian stocks closed mostly higher on Thursday, extending the recent post-"Brexit" rally, as energy and mining stocks jumped amid a cooling U.S. dollar. Hong Kong's Hang Seng popped 1.8%, South Korea's Kospi added 0.7%, and Japan's Nikkei rose 0.1%. China's Shanghai Composite, meanwhile, dipped 0.1%.

Stocks in Europe are searching for direction at midday. Investors are keeping a close eye on the political environment in the U.K., after London Mayor Boris Johnson took himself out of consideration to replace British Prime Minister David Cameron, who resigned following last week's "Brexit" vote. Looking ahead, traders are anxiously awaiting a press conference from Bank of England (BoE) Governor Mark Carney, slated for later this afternoon.

Elsewhere, the pound moved slightly off of its recent lows, while German financial giant Deutsche Bank failed the U.S. Federal Reserve's annual stress test for a second straight year. Additionally, eurozone inflation edged higher ahead of last week's "Brexit" referendum.  As such, Germany's DAX and London's FTSE 100 are down 0.2%, while France's CAC 40 is sporting a 0.2% gain. 

Overseas Trading June 30

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. 

 

The $25K Day Trading Barrier is Gone

The long-standing Pattern Day Trader (PDT) rule that required many traders to maintain a $25,000 account balance is no longer standing in the way.

That means more traders can actively pursue short-term opportunities without the barrier that kept so many on the sidelines.

Now it's all about having the right strategy.

Dynamite Day Trading Signals helps you hit the ground running with up 2 options trade alerts per week, built to capture fast-moving opportunities.  

👉 Sign up now to receive the next trade

MR content page
 
 
 
 

Follow us on X, Follow us on Twitter