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

by Josh Selway

Published on Jun 30, 2016 at 8:55 AM

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

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