Schaeffer's Top Stock Picks for '25

Overseas Trading: Stocks Mixed Ahead of China GDP, ECB Meeting

Traders are awaiting more economic data out of China and an ECB meeting later this week

Oct 17, 2016 at 8:46 AM
facebook X logo linkedin


Markets in Asia had a mixed finish today, as crude oil traded mostly lower during the session. Gaming stocks in the region came under pressure after 18 Australian casino employees from Crown Resorts were detained by Chinese authorities for "suspected involvements in gambling crimes." China's Shanghai Composite shed 0.7%, with traders looking ahead to another data deluge due later this week, including the country's third-quarter gross domestic product (GDP) reading. Hong Kong's Hang Seng followed suit, dropping 0.8%.

Meanwhile, Japan's Nikkei added 0.3% as the yen weakened against the dollar, as the greenback rose on U.S. Fed Chair Janet Yellen's Friday remarks supporting a "high-pressure economy." The weaker yen gave a boost to exporters, including major automakers. South Korea's Kospi also closed higher, up 0.2%, after Galaxy Note 7 smartphone maker Samsung reversed early losses.

European stocks are in the red at midday, with traders taking a cautious stance ahead of a European Central Bank (ECB) meeting later this week. Investors are also digesting an in-line 0.4% increase in eurozone inflation last month. London's FTSE 100 was last seen off 0.6%. France's CAC 40 has shed 0.2%, and Germany's DAX is 0.3% lower, with shares of Deutsche Bank slipping again, as the company has yet to reach a settlement with the U.S. Justice Department.

overseas stocks october 17

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. 
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));