The Standard & Poor`s 500 Future trades higher at 0.46%. The Dax is up 0.83%. Other European indices are outperforming, with the Italian and French markets up 1.74% and 1.4% respectively. Investor are assuming that the Fed will leave interest rates unchanged on Wednesday. Contradictory statements from various regional Fed Governors caused volatility in the last weeks. In regard to recent economic data, a rate hike would be a significant surprise for markets. Oil was able to stabilize, ahead of next weeks meeting on production caps by oil producing countries, in Algiers. The USD weakens and Gold trades slightly higher. WTI Oil gains 1.46%. We expect a higher open to Wall Street.
The S&P500 is in a downward trend..
The Nasdaq 100 is taking position for a possible breakout to the upside.
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