Overseas Trading: Global Stocks Slip With Earnings, Central Banks in Focus

Global stocks are mostly lower, as traders await possible stimulus out of Japan

Jul 28, 2016 at 8:42 AM
facebook X logo linkedin

Asian stocks finished the day mostly lower, with traders reacting to Wednesday's Federal Open Market Committee (FOMC) decision to leave interest rates in the U.S. unchanged. Meanwhile, investors are awaiting the next policy decision out of the Bank of Japan (BoJ), due out tomorrow -- and widely expected to bring a fresh round of stimulus measures. However, Japan's Nikkei settled down 1.1% for the session, as the yen gained strength against the dollar and fears lingered that the stimulus package won't live up to expectations.

Elsewhere in the region, Hong Kong's Hang Seng and South Korea's Kospi each shed 0.2%, with the latter pressured by a post-earnings drop by mobile phone maker Samsung Electronics. China's Shanghai Composite bucked the downbeat trend by a slim margin, adding 0.1% for the day.

Markets in Europe are lower at midday, with banking stocks and automakers -- including Credit Suisse and Renault SA -- taking heavy losses amid an earnings-heavy session. Disappointing earnings data from Shell is also weighing on oil-and-gas stocks in the region. As traders digest the Fed rate decision and gear up for tomorrow's BoJ announcement, London's FTSE 100 is off 0.2%, while the French CAC 40 and German DAX have given back 0.1% each.

overseas stocks july 28

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. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI