Overseas Trading: Global Stocks Soar On Abe's Big Win

Global markets are higher in the wake of a solid U.S. jobs report and encouraging Japanese election results

Jul 11, 2016 at 9:01 AM
facebook X logo linkedin


Markets in Asia finished comfortably higher following Friday's strong jobs report in the U.S. Also boosting stocks were election results in Japan, where Prime Minister Shinzo Abe's Liberal Democratic Party easily won additional seats in the upper house, increasing the chance for Abe's dovish economic policies to be pushed through. The Nikkei finished the session up nearly 4% -- its biggest one-day surge since March 2 -- as the yen cooled.

Elsewhere, a slide in crude oil prices did little to weigh on stocks. Hong Kong's Hang Seng ended 1.5% higher, the South Korean Kospi added 1.3%, and China's Shanghai Composite climbed 0.3%, despite lower-than-forecast inflation data.

Stocks in Europe are also up at midday, as traders cheer Wall Street's strong Friday finish and anticipate future stimulus measures out of Japan. London's FTSE 100, last seen up 0.9%, hit an 11-month high, with mining stocks among the leading gainers. France's CAC 40 has added 1.4%, and the German DAX is 1.5% higher.

overseas stocks july 11

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. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI