Overseas Trading: Asia, Europe Follow U.S. Stocks Higher

Markets in Europe and Asia are higher as investors anticipate stimulus measures out of Japan and England

Jul 13, 2016 at 8:39 AM
facebook twitter linkedin

Markets in Asia ended modestly higher, extending stocks' recent rally, as traders continue to anticipate stimulus measures out of Japan. The country's chief cabinet secretary, Yoshihide Suga, denied claims that the Prime Minister Shinzo Abe and his aides are considering "helicopter money," but noted that Japan's government "is planning to introduce a comprehensive and bold economic stimulus." The Japanese Nikkei finished the session 0.8% higher.

Elsewhere in the region, hopes of monetary easing helped stocks shake off falling crude oil prices, after the International Energy Agency (IEA) expressed concerns about global oversupply ahead of this week's crude inventories report in the U.S. China's Shanghai Composite gained 0.4%, Hong Kong's Hang Seng climbed 0.5%, and South Korea's Kospi added 0.7% for the day.

Stocks in Europe are also higher at midday, following Wall Street's bullish lead, after major indexes in the U.S. tapped all-time highs on Tuesday. Investors are expecting the Bank of England (BOE) to cut interest rates this week, while the U.K. government will be officially turned over to the new prime minister, Theresa May, by the end of the day. London's FTSE 100 was last seen just above breakeven, while the German DAX is up 0.2%, and France's CAC 40 has climbed 0.5%.

overseas stocks july 13

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