Overseas Trading: Oil, Data Pressure European Stocks

Outside of Japan, stocks in Asia and Europe are struggling

Jul 19, 2016 at 8:41 AM
facebook twitter linkedin


Asian stock markets moved mostly lower today, though Japan's Nikkei outperformed to extend its win streak to six sessions. Boosting the Tokyo-based index was a weaker yen, which overshadowed steep post-M&A losses from heavyweight SoftBank. At the close, the Nikkei was up 1.4%. 

Elsewhere, stocks edged lower, amid a likely round of profit-taking following a few strong sessions, and as traders panned sliding oil prices. China's Shanghai Composite closed 0.2% lower, Hong Kong's Hang Seng dropped 0.6%, and South Korea's Kospi was down 0.2%. 

Stocks are also in the red in Europe at midday. Besides sinking crude oil futures and declining mining stocks, a key reading on economic sentiment out of Germany dipped to its lowest level since November 2012. Meanwhile, disappointing earnings from several high-profile companies -- such as Rio Tinto and Ericsson -- are also weighing on stocks. Germany's DAX was last seen 1% lower, while France's CAC 40 is down 0.8%. London's FTSE 100, meanwhile, is off 0.2%, following reports that showed inflation rose by a more-than-expected 0.5% in June and sales of new homes plunged in the second quarter.


 Overseas Trading July 19

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. 

 

  

These investors are using the market's volatility to their advantage and scoring triple-digit gains on many of their trades.

Even in today's sideways bear market, this trading strategy has continued to provide consistency and profitability to a small group of investors. By using this approach, these traders are removing directional risk and still hitting triple-digit returns. If you want access to this strategy, and lower risk with higher returns sounds good to you, then don't wait another minute.

Join us now to receive our next trades the moment they come out!

 

Common mistakes options traders make
 


 


 
Special Offers from Schaeffer's Trading Partners