Overseas Trading: Global Markets Mixed as Oil Slide Continues

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

by Kirra Fedyszyn

Published on Aug 11, 2016 at 8:42 AM

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. 


A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Huge New Legal Marijuana Market Has Shortage Crisis
250 million Europeans have access to medical marijuana. There's already a shortage....
ZUMZ Stumbles Despite Post-Earnings Praise
Zumiez reported first-quarter losses and revenue that missed analysts' estimates
J M Smucker Stock Jammed by Ugly Sales Outlook
J M Smucker's fourth-quarter profits and revenue were better than Wall Street expected
The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.