Overseas Trading: Central Banks Drive Global Stock Gains

Stocks in Asia and Europe are putting in impressive gains following central bank decisions from the U.S. and Japan

Sep 22, 2016 at 8:36 AM
facebook X logo linkedin

Asian bourses followed the bullish lead of their U.S. peers, as yesterday's policy decisions from the Fed and Bank of Japan (BoJ) sparked gains for stocks around the globe. Rising crude oil prices also provided an extra lift for equities. The yen moved higher against the dollar as a result, though Japanese stock markets were closed for holiday. 

Digging deeper, China's Shanghai Composite and Hong Kong's Hang Seng both closed higher for a second straight day, posting respective gains of 0.6% and 0.4%. South Korea's Kospi, meanwhile, grabbed a fifth consecutive daily win, advancing 0.7%.

European stocks are flying even higher. Bank stocks continue to outperform following the BoJ's policy shake-up, while energy and mining stocks are getting a boost from rising crude oil prices and a weaker dollar. Even a Bank of England (BoE) warning that Britain still faces a "challenging period" following the June "Brexit" vote did little to dent trader confidence. As such, France's CAC 40 is leading the way at midday, gaining 2.2% on an unexpected rise in manufacturing confidence. Meanwhile, Germany's DAX is close behind, adding 2.1%, and London's FTSE 100 is up 1.4%. 

Overseas Trading September 22

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