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. 



How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.