Overseas Trading: Fed Jitters Spread to Europe

Stocks in Asia closed mixed, while European benchmarks are lower ahead of the Fed meeting minutes

Aug 17, 2016 at 8:48 AM
facebook twitter linkedin

Stocks in Asia were mixed today, as traders weighed the approval of the Shenzhen-Hong Kong exchange trading link against a downbeat session on Wall Street. On the winning side, Japan led the way, as a cooling yen and strong performances from energy stocks guided the Nikkei to a 0.9% gain. In China, the Shanghai Composite closed fractionally higher, although Hong Kong's Hang Seng dipped 0.5%. In South Korea, the Kospi gave back 0.2%. 

In Europe, stocks are trading lower at midday, following Tuesday's Fed chatter and fresh economic data out of the U.K. Specifically, yesterday's downturn in U.S. equities due to hawkish Fed comments is weighing on investor sentiment ahead of the Federal Open Market Committee's (FOMC) July meeting minutes, due out later today. This is taking precedent over strong job numbers out of the U.K., where data showed the number of jobless claims unexpectedly fell in July, the unemployment rate held steady, and wages grew. 

Looking at the indexes, Germany's DAX is the biggest loser so far, sliding 1.1%. The French CAC 40 has given back 0.7%, and London's FTSE 100 is down 0.2%.

Overseas Trading August 17

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. 


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners