The S&P 500 softens -0.34% in pre-market trading. German stocks trend lower today. Investors wait for a clear signal from Donald Trump after the „Trump-rally“. Trump is now expected to deliver on his broad economic program. The DAX loses 0.82%. Largest loser in the index is Bayer AG, dropping over 5%. Bayer has issued a massive 4 billion Euro mandatory convertible bond. The bond has a 5.625% coupon and goes toward the 57 billion funding of the Monsanto takeover. Defensive stocks such Fresenius and Merck are todays best performers. Other European stock markets are also trending lower. Der USD trades up slightly. Gold and WTI Oil soften.
The S&P 500 is in a sideward trend
The Nasdaq 100 is in a sideward trend
RoboForex Analytical Department
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