Overseas Trading: Asian Stocks Cautiously Higher Ahead of Fed, BoJ

Both the Federal Reserve and the Bank of Japan have policy-setting meetings this week

Jul 25, 2016 at 8:47 AM
facebook twitter linkedin

Asian stocks finished mostly higher amid a low-volume session, ahead of key central bank meetings this week. While the U.S. Federal Reserve will begin its two-day policy-setting meeting tomorrow, traders will also be keeping an eye on the Bank of Japan's (BoJ) decision -- due Friday morning -- for signs of fresh stimulus, although BoJ Governor Haruhiko Kuroda has recently dismissed chatter of potential "helicopter money."

At the close, China's Shanghai Composite, Hong Kong's Hang Seng, and South Korea's Kospi were each up 0.1%. Japan's Nikkei, meanwhile, settled 0.04% lower, despite a better-than-expected reading on exports. Additionally, Nintendo plunged nearly 18%, after the company said it expects the impact from its hit game "Pokemon Go" would be limited.

European stock markets are getting a boost from a round of well-received earnings and M&A buzz. Most notably, air carrier Ryanair is jumping in the wake of its quarterly results, while gaming company William Hill is higher amid buyout chatter. At last check, the German DAX is up 0.9% after the German Ifo business climate index fell less than expected, the French CAC 40 is 0.6% higher, and London's FTSE 100 is up 0.03%.

Overseas Trading July 25

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