The S&P 500 is trading down 0.53% pre-market. German equities are trading on their third consecutive down day, the DAX loses 1.4%. Largest loser is Commerzbank at -3.05%. Only three stocks are trading up, amongst them Vonovia gaining 0.79%. Weak economic data out of China and worries over rising rates have dampened the mood. China, the world´s second largest economy, published its trade balance numbers, which came in at -10% against economist expectations of -3.3%. We expect a lower open to Wall Street. The USD has use weaker against the Yen and Euro. Gold and WTI Oil are unchanged.
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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