Overseas Trading: Asia Lags with Oil; Europe Gains

Asian stocks finished lower with crude oil, but Europe is in the black at midday

Jul 8, 2016 at 9:01 AM
facebook twitter linkedin

Stocks in Asia finished in the red today, after U.S. stocks followed oil prices lower on Thursday. Traders were also showing caution ahead of the U.S. jobs report today. Japan's Nikkei dropped 1.1% for the day, as the country's 10-year government bond yield fell again to new record lows. China's Shanghai Composite gave up 0.9%, Hong Kong's Hang Seng slid 0.7%, and South Korea's Kospi finished 0.6% lower.

Meanwhile, European markets are in positive territory at midday, with automakers, banks, and homebuilder stocks among the leading gainers. Oil prices are also recovering from last night's lows, though energy stocks continue to underperform. At last check, London's FTSE 100 has added 0.3%, France's CAC 40 is up 1.1%, and the German DAX is sitting 1.4% higher.

overseas stocks july 8

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. 

Begin the New Year With Schaeffer's 7 FREE 2022 Stock Picks!



LIVE Trading Closeout Tracker

Special Offers from Schaeffer's Trading Partners