Overseas Trading: Global Stocks React to Dovish Fed Chatter

Global stocks are moving on upbeat data out of China and a dovish round of comments from U.S. Fed officials

Sep 13, 2016 at 8:48 AM
facebook twitter linkedin


Asian markets ended mixed, as stocks reacted to dovish rate-hike chatter stateside. On the positive side of the ledger was China's Shanghai Composite, finishing on a modest 0.1% gain after the release of better-than-expected industrial output, retail sales, and fixed-asset investment data. Faring even better were Japan's Nikkei and South Korea's Kospi, up 0.3% and 0.4%, respectively -- with the latter getting a boost from beaten-down Samsung shares, which rebounded over 4%.

On the other side, Hong Kong's Hang Seng dropped another 0.3%. Insurance stocks weighed on the benchmark, overshadowing outperformance in the auto sector. Traders were also spooked, as China's solid round of economic data seemed to lessen expectations that the People's Bank of China will unveil an additional round of stimulus.

In Europe, markets are modestly higher at midday, boosted by lower prospects of a U.S. interest rate hike in September. However, a sharp retreat in crude oil prices amid oversupply concerns is pressuring energy stocks. At last check, the German DAX has advanced 0.5%, London's FTSE 100 is 0.2% higher, and the French CAC 40 has edged up less than 0.1%.
 

overseas trading sept 13

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! 

 
Best stocks for October and worst stocks for October
 


 


 
Special Offers from Schaeffer's Trading Partners