The Standard & Poor`s 500 Future rises by 0.08%. The Dax has had a positive start to September, gaining 0.37%. The Euro Stoxx 50 Index rises by 0.87%. Takeover speculation has gripped European stock markets. Center stage for these speculations are Commerzbank and Deutsche Bank. At a plus of 6%, Commerzbank is the best performer today. US Initial Jobless Claims were within expectations, taking no immediate effect on markets. The USD trades up 0.41% against the Yen and 0.14% against the Euro. Gold is unchanged and WTI Oil drops 0.81%. We expect a stronger start to Wall Street.
The S&P 500
The S&P 500 in an upward trend. Short term the index is in a sideways trend. Resistance is at 2197 and support at 2150.
The Nasdaq 100 is in an upward trend. Short term the index is in a sideways trend. Resistance is at 4837 and support at 4767.
RoboForex Analytical Department
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