Overseas Trading: Global Stocks Gain on U.S. Jobs Report

Global stocks are mostly higher following Friday's strong U.S. nonfarm payrolls report

Aug 8, 2016 at 8:34 AM
facebook twitter linkedin


Stocks in Asia ended the day higher, reacting to Friday's stronger-than-expected nonfarm payrolls report out of the U.S. Rising crude oil prices also helped boost stocks in the region. Japan's Nikkei led the way, adding 2.4%, with exporters getting a lift as the yen lost strength against the dollar.

Hong Kong's Hang Seng finished the day up 1.6%, and China's Shanghai Composite added 0.9%, despite July trade data showing Chinese exports and imports posting larger-than-forecast year-over-year drops. Rounding out the region, the South Korean Kospi gained 0.7% for the day.

European markets are also mostly higher at midday, as traders continue to digest the U.S. jobs report, as well as last week's Bank of England (BoE) decision. Banks and miners are among the stocks seeing particularly large gains so far today. At last check, the German DAX has added 0.9% and France's CAC 40 is up 0.3%. London's FTSE 100 is bucking the bullish trend, however, off 0.2%.

overseas stocks august 8

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. 

 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

SCHAEFFER'S JULY STOCKS REPORT AD
 


 


 
Special Offers from Schaeffer's Trading Partners