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 X logo 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. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI