The S&P 500 is trading down 0.19%. The DAX trades unchanged. Largest gainer in the DAX is BASF, the company is profiting from higher Oil prices and has been the favored stock for days. Takeover speculation surrounds OSRAM, a Chinese is looking to make an offer by mid month. Osram stock rises 11.36%. A decisive event for international markets will be tomorrow´s data for the job market. Investors hope to find insight in to the Fed´s interest rate policy. We expect a softer open on Wall Street. The USD rises against the Euro and Yen. Gold drops 0.82%, whilst WTI Oil rises over 50 USD.
The S&P 500 is in a sideways trend. Resistance is at 2200 and support at 2115.
The Nasdaq 100 is in a sideways trend. Resistance is at 4900 and support is seen at 4800.
RoboForex Analytical Department
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