Overseas Trading: Global Markets Rise on Deutsche Bank Relief, Brexit Action

Global markets are broadly higher, with financial stocks up on hopes for relief for Deutsche Bank

Oct 3, 2016 at 8:42 AM
facebook X logo linkedin


It's been a relatively quiet day for overseas markets, with several exchanges closed for national holidays. A relief rally in financial stocks -- triggered by encouraging reports about Deutsche Bank -- bled over into Asia, with Japan's Nikkei adding 0.9% despite the Bank of Japan's (BoJ) business sentiment survey remaining unchanged from last quarter. Elsewhere, Hong Kong's Hang Seng tacked on 1.2%. South Korea's Kospi was closed for a public holiday, and China's Shanghai Composite is shuttered for Golden Week.

European markets are broadly higher, as well, while traders digest news embattled Deutsche Bank may be nearing a settlement with the U.S. Justice Department, which could reduce its fine to $5.4 billion from $14 billion. However, the stock will not trade in its home country, as the German DAX is closed for a national holiday.

Elsewhere in the region, investors are responding to news U.K. Prime Minister Theresa May is pulling the trigger on the "Brexit" process. May said she would begin the process by the end of March, and wants to make it a clean break. "We are going to be a fully independent, sovereign country -- a country that is no longer part of a political union with supranational institutions that can override national parliaments and courts," noted May. London's FTSE 100 was last spotted 1.4% higher, as the pound drops, while France's CAC has added 0.1%.

overseas stocks october 3

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