The S&P 500 trades down 0.23% pre-market. The DAX trades up 0.49%, supported by the surprising agreement by OPEC for oil production caps. The cut of 750 000 barrels is the highest since the financial crisis of 2008. RWE shares rise 4.45%, profiting from great demand for its ecological sidearm Innogy, which is due to be listed on the 7th of October. Innogy´s listing will be the largest IPO in the last 16 years. US GDP rose by 1.4% in the second quarter of 2016 against expectations of +1.3% and Initial Jobless Claims were markedly lower than expected. The USD rises against the Yen by 1% and trades slightly higher against the Euro. Gold trades down and Oil is unchanged.
The S&P 500 is in a sideways trend. Resistance is at 2200 and support at 2115.
The Nasdaq 100 is in an upward trend.
RoboForex Analytical Department
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