The S&P 500 is up 0.21% in premarket trading, initial euphoria of Clinton´s so-called victory over Trump fading quickly. After initial gains, the DAX loses 0.77%. The highest loser in the DAX is Deutsche Lufthansa, down -4,2%. According to analysts, earnings lows in the aeronautical business not having been reached yet. The Euro Stoxx 50 is slightly more stable, losing 0.64%. Shares in Danone and L´Oreal even managing to gain slightly. The USD gains 0.44% against the Euro and unchanged against the Yen. Commodities are showing weakness, WTI Oil loses -2.5% and Gold -0.47%. We expect a higher open to Wall Street, although it remains to be seen how far the „Clinton effect“ will carry markets.
The S&P 500
The S&P 500 is trending sideways. Resistance is at 2200 and support at 2115
The Nasdaq 100 is looking to break out to the upside.
RoboForex Analytical Department
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