Q2 STOCKS TO BUY

Overseas Trading: Stimulus Chatter Boosts Global Stocks

Dovish comments from Bank of England (BoE) Governor Mark Carney are propelling stocks in Asia and Europe

Jul 1, 2016 at 8:38 AM
facebook X logo linkedin


Asian stocks closed the week on a strong note, as allusions to future interest-rate hikes on Thursday from Bank of England (BoE) Governor Mark Carney energized markets. Investors in Japan also digested the quarterly Tankan survey, which indicated better-than-expected business sentiment out of the manufacturing sector, though the outlook on banks was relatively grim. Still, with the yen cooling and yields on government bonds touching historic lows, the Nikkei ended with a 0.7% gain. 

Economic data was also in focus in China, where the purchasing managers index (PMI) for June edged lower from its May reading, though it stayed above the all-important 50 mark -- which indicates expansion. As such, the Shanghai Composite managed a 0.1% advance. In South Korea, the Kospi picked up 0.9%, while markets in Hong Kong were closed for holiday. 

Stocks in Europe are also on the rise. On top of Mr. Carney's comments on potential monetary easing, traders also considered reports the European Central Bank (ECB) may loosen restraints on bond purchases, after the rapid decline in yields following the "Brexit" vote. For economic data, the eurozone jobless rate fell in May to its lowest level since July 2011, while the June PMI reading was better than expected. At last check, London's FTSE 100 and France's CAC 40 have added 0.9%, with Germany's DAX up 0.8%. 

Overseas Trading July 1

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. 

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter