The S&P 500 gains 0.22% in premarket trading. German stocks weaken by 0.27%. Ahead of important upcoming events, German stocks are without direction. This week she US, UK and Japanese central banks meet, next week the US votes. Large surprises aren´t expected, yet investors stay sidelined. BMW drops 1.3% whilst Thyssen rises 0.88%. German retail sales were weaker than analysts expected. Expectations of yearly rise of 1.5% were clearly not met by the actual figure coming in at +0.4%. US consumer spending came in better than expected at +0.55% against 0.4%. The USD rises prior to the Fed meeting. Gold and WTI Oil weaken.
The S&P 500 is in a sideways trend. Resistance is seen at 2200, support at 2115.
The Nasdaq 100 is in a sideways trend. Resistance is seen at 4900, support at 4800.
RoboForex Analytical Department
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