Overseas Trading: Global Stocks Rise On Stimulus Hopes

Stocks in Asia and Europe are higher after Japan's Prime Minister Shinzo Abe promised a new fiscal stimulus agenda

Jul 12, 2016 at 8:46 AM
facebook twitter linkedin

Asian stocks posted strong gains today, just a session after U.S. benchmarks hit new highs. Following his big election victory, Prime Minister Shinzo Abe made headlines again by announcing plans for a "bold" fiscal stimulus, though he provided little detail on the matter. The yen weakened as a result, while Japan's Nikkei closed with a 2.5% win.

The stimulus hopes had other Asian stock markets higher, as well. By the numbers, China's Shanghai Composite added 1.8%, Hong Kong's Hang Seng climbed 1.7%, and South Korea's Kospi gained 0.1%.

Abe's comments, recovering oil prices, and a stronger pound are also lifting stocks in Europe. The gains come as Theresa May prepares to succeed David Cameron as the U.K prime minister, effective Wednesday. Meanwhile, traders are also eyeing possible interest-rate cuts from the Bank of England (BOE), which is set to meet on Thursday. Among the outperforming stocks was automaker Dailmer, thanks to strong quarterly results. London's FTSE 100 is just in the black at midday, up 0.1%, while France's CAC 40 and the German DAX have tacked on 1.5% each.

overseas stocks july 12

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. 


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1