Overseas Trading: Global Stocks Mostly Higher Despite Bank of England Surprise

Global stocks are extending their recent rally despite a surprise decision from the Bank of England

Jul 14, 2016 at 8:39 AM
facebook twitter linkedin

Asian stocks finished mostly higher as crude oil rebounded from Wednesday's sell-off. The majority of markets in the region are extending their gains to a fourth straight day, as stimulus expectations grow following this week's election results in Japan. Japan's Nikkei added 1% today, bringing its week-to-date gains to 8.5%, with the yen weakening against the dollar.

The largest gainer in the region was Hong Kong's Hang Seng, up 1.1% for the session. South Korea's Kospi climbed a modest 0.2% after the country's central bank kept interest rates unchanged. Finally, China's Shanghai Composite bucked the bullish global trend, giving up 0.2%, as traders panned disappointing trade data. 

European markets are in positive territory at midday, after U.K. Prime Minister Theresa May took office on Wednesday. The Bank of England (BoE) surprised investors by keeping interest rates unchanged, sending the pound soaring. BoE officials stated they wanted more time to collect economic data following last month's "Brexit" vote, but expect to put forth stimulus measures in August. London's FTSE 100 was last spotted up 0.1%, while the French CAC 40 and German DAX are sitting on more impressive gains, at 1.1% and 1.3%, respectively.

overseas stocks july 14

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! 



Special Offers from Schaeffer's Trading Partners