The S&P 500 rises 0.17% in premarket trading. The Dax is unchanged after initial weakness. Development in the DAX was influenced by company results. Lufthansa gains 4.38% after reporting numbers yesterday. Second best perfumer today is Beiersdorf, gaining 4.16%. The Nivea producing company raises their yearly outlook. Weakest stock in the DAX is Adidas, losing 7%. Adidas earned very well from the Olympics, yet could not beat expectations as in the past. This disappointed investors and led to a selloff. US Futures were able to rise off of their lows. Whilst WTI Oil gains, Gold weakens.
The S&P 500 is in a downward trend
The Nasdaq 100 is in a downward trend
RoboForex Analytical Department
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