The S&P 500 gains 0.24% in premarket trading. The DAX opened firmer on the back of better than expected Chinese economic data. The Chinese Producer PMI coming in much better than expected. China is a vital export partner for Germany. Gains could not be held as insecurity about US election results put pressure on the market. The DAX loses 0.12%, the real estate company Vonovia is down -1.45% and RWE gains 1.59%. Kellogg reported better than expected results on the back of cost cutting. The USD loses to the Euro and is unchanged to the Yen. Gold and WTI Oil are firmer.
The S&P 500 is in a sideways trend. Resistance is seen at 2200, support at 2115.
The Nasdaq 100 is in a sideways trend. Resistance is seen at 4900, support at 4800.
RoboForex Analytical Department
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