Overseas Trading: Global Markets Mixed as Oil Slide Continues

Stocks in Asia and Europe are mixed with crude oil prices in focus

Aug 11, 2016 at 8:42 AM
facebook X logo linkedin


Asian stocks finished the day mixed, with markets in Japan closed for the Mountain Day holiday. South Korea's Kospi added 0.2% after the Bank of Korea's decision to leave interest rates unchanged, citing a steady pace of economic growth in the U.S. and China. Hong Kong's Hang Seng also finished higher, adding 0.4% for the day, thanks to reports that the Shenzhen-Hong Kong exchange trading link could begin soon. 

China's Shanghai Composite, meanwhile, gave back 0.5% with the yuan strengthening against the dollar as traders await a round of economic reports on Friday. Lower crude oil also weighed on stocks, as Wednesday's U.S. crude inventories report showed a surprise uptick in stockpiles, sending the commodity sliding.

Oil prices are in focus in Europe, as well, sending energy stocks lower. In London, the FTSE 100 is off 0.3% so far today, with homebuilder stocks among the biggest losers following a downbeat report on housing prices out of the U.K. Elsewhere in the region, stocks have been able to shake off crude's slump, with France's CAC 40 last seen 0.6% higher, while Germany's DAX has added 0.4%.

overseas stocks august 11

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. 

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI