The S&P 500 is trading lower pre-market, dropping -0.29%. The DAX trades firmer at + 0.29% due to support coming from the USD trading weaker against the Euro. Best performer in the DAX is Lufthansa at + 3.02%, after a report showing an increase in passengers. Alcoa reported its quarterly numbers, which came in below analyst expectations, only earning 32 Cents against expected 34 Cents. Turnover also disappointed expectations, leaving the stock to drop 7.7% pre market. In total, this leaves us with a classical bad start to earnings season. We expect a weaker opening on Wall Street. The USD gains against the Euro and Yen. Gold and WTI Oil are trading softer.
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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