Overseas Trading: Global Markets Await Jobs Report

Global stocks are mostly higher, despite uncertainty over the U.S. nonfarm payrolls report

Sep 2, 2016 at 8:28 AM
facebook twitter linkedin


Asian markets largely edged higher, even as traders played it safe ahead of the U.S. nonfarm payrolls report -- which could offer clues as to when the Fed will hike interest rates. An overnight rise in crude oil prices fueled the gains, which came ahead of this weekend's G-20 summit in China.

On the mainland, the Shanghai Composite tacked on 0.1%, while neighboring Hong Kong's Hang Seng popped 0.5% for its highest close in roughly a year. South Korea's Kospi added 0.3% on an upwardly revised second-quarter gross domestic product (GDP) reading, while Japan's Nikkei failed to capitalize on a retreating yen, settling more or less flat.

In Europe, stocks are rallying ahead of the U.S. jobs report. London's FTSE 100 leads the way, up 1.1% despite a rough session for homebuilder stocks. Rounding things out, the German DAX and French CAC 40 have advanced 0.3% and 0.8%, respectively.

overseas trading september 2

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. 

 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Master Portfolio Trial
 


 


 
Special Offers from Schaeffer's Trading Partners