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 twitter 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. 

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners