US Open. Market Overview for 28.09.2016

28.09.2016

Pre-Market:

The S&P 500 trades unchanged pre market. The Dax retraces strongly, trading up1.21%. Investor focus remains on Deutsche Bank, who announced that they are selling their UK insurance subsidiary Abbey Life, which should realize 1 billion Euros. In addition, CEO John Cryan announced that there is no need for a capital increase for Deutsche Bank at the moment. Largest gainer in the DAX today is Linde, where speculations over the Praxis takeover are rising again. A possible takeover by Microsoft cause Twitter stocks to gain. Nike lost ground in after market trading, despite announcing stronger results. The USD firms up against the Yen. WTI Oil rises 1% and Gold is unchanged.  We expect Wall Street to open unchanged.

S&P 500

The S&P 500 is in a sideways trend. Resistance is at 2200 and support at 2115.




The Nasdaq 100

The Nasdaq 100 is in an upward trend.




RoboForex Analytical Department
Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.