The Standard & Poor`s 500 Future trades down -0.22%. European Indices are seeing larger losses. The Euro Stoxx 50 loses -1.84%. Loss leader his the Italian index, which is down -2.46%. The DAX is down -1.75%. In general, fears have arisen that central banks are looking to end their vastly expansive monetary policy. These expansive police, being the main driver of global stock markets. In the DAX, Linde loses 7% after the supervisory board rejects the fusion with Linde´s US competitor Praxair. E.ON picked a bad time to spin off its Uniper AG sub company, yet Uniper managed to gain 5% after opening at 10.015€. The Yen trades up 0.91% against the USD. Cols is down -0.45%. Wall Street will open weaker.
The S&P 500 has turned. Support at 2150 was broken. The index is now in a downwards trend.
The Nasdaq 100 has turnes. Support at 4767 has broken. The index is now in a downwards trend.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.