Overseas Trading: Tokyo Stocks Rise as Yen Continues to Cool

The yen continued to weaken against the U.S. dollar ahead of tomorrow's nonfarm payrolls reportks' (ECB) September meeting

by Kirra Fedyszyn

Published on Oct 6, 2016 at 8:49 AM
Updated on Oct 6, 2016 at 8:50 AM

Asian markets finished the session higher as oil prices jumped, with Japan's Nikkei rising 0.5% on yet another day of the yen weakening against the U.S. dollar. South Korea's Kospi added 0.6%, despite casualties and flooding caused by Typhoon Chaba. Bolstering the index was a 4.5% jump for electronics stock Samsung, after the company received a letter from hedge fund Elliot Management calling for corporate changes, including a split of the company and a higher dividend. Hong Kong's Hang Seng tacked on 0.7%, and China's Shanghai Composite remained closed for holiday.

Stocks in Europe are lower at midday, as traders take a cautious approach of tomorrow's U.S. nonfarm payrolls report. Hawkish comments from Federal Reserve officials in recent days and solid economic data have strengthened the case for a December interest-rate hike. Traders are also parsing the release of minutes for the European Central Bank's (ECB) September meeting.

At last check, London's FTSE 100 is fractionally lower, as a more than 5% drop for airline firm EasyJet following the company's profit warning weighs against higher oil prices and gains in banks stocks. Elsewhere, the French CAC 40 is off 0.2%, while the German DAX has given back 0.1%, even after a report showed factory activity rose by a wider-than-expected margin in August.

overseas stocks october 6

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. 

A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.
Wall Street Roars Higher Amid Civil Unrest
Investors weighed a mixed bag of jobs data
AstraZeneca Stock Flat Despite COVID-19 Vaccine News
AstraZeneca saw a rise in capacity for its COVID-19 vaccine candidate
The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.