Hey guys, so anyone holding US stocks knows that the value of their US positions can also fluctuate outside trading hours due to the EUR/USD exchange rate.
This morning however is the first time I ever notice European stocks in my portfolio fluctuating even though markets aren’t open yet (see screenshot).
Anyone else notice the same thing, or anyone know what causes this?
I have no idea, and I think it’s especially odd because stocks that are in the same market/currency are up/down by different percentages (eg. Volkswagen & Vonovia in Germany, Kering & Orange in France).
Yes indeed, but I never saw my European stocks change even 0,01% in the app outside 9:00-16:30 on weekdays (nor has the app ever showed the extended trading changes from the US).
@JPeters , when trading is done after hours for European stocks, will its effect be visible in the stock price at opening bell? Like a sudden rise or fall?
I don’t know to be honest. I imagine the sudden drop or rise after the opening bell being regular orders by investors just being executed all at once at opening causing a wild swing in prices usually.
I found that it’s best to wait 10-20 minutes or so after opening to see what the price does as it usually stabilises or rebounds around that time.
Personally I never purchase at the opening but always wait the above amount of time. If after 10-20 minutes the stock keeps dropping, I’ll just hold off buying and keeping an eye on the direction of the price that day.
(I usually make purchases once a month or so, so I’d like to get the best price possible when I do).
It was indeed all my European stocks. This morning I saw the same thing, relatively small changes (usually - or + 0,1 or less). Kering was the outlier, it was something like +0,47%.
The two ETFs I owned were also both -0,02% (can’t remember if they had a change yesterday too).
we need a little more information, was it a specific stock? all european stocks? what does fluctuation means? what numbers if was being shown…