The S& P500 Future is trading up 0.23%. European Indices started the week in profit.The DAX giving the highest gains at +0.38%. The best performing stock in the DAX being Heidelberg Cement at +1.5%, whilst reaching a multi year high. US data came in weaker than expected, with Empire Manufacturing missing expectations. Recent US sentiment indicators have been weak, implying an economic slowdown, making the case for a further rate increase less likely.
The Euro and Yen are gaining on the USD. Gold is trading unchanged and Oil is up on the day.
The S&P500 is in an upwards trend. We expect a continuation of this trend.
The Nasdaq 100 is in an upward trend. We expect a continuation of this trend.
RoboForex Analytical Department
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