4 Tips for Today’s Trading - 19/12
- Donald Herison
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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Back in the Black?
US stock futures are edging higher, with traders feeling an afterglow from Wednesday when the Federal Reserve indicated it would take its time before hiking interest rates.
The Dow, S&P 500 and Nasdaq have each posted gains of roughly 4% over the past two trading days. On Thursday alone, the Dow gained 421 points -- its best performance since 2011.
2) Oil and Ruble Steady
The falling price of oil and the economic crisis in Russia were two factors that spooked markets this month.
US crude oil futures were edging higher to trade around $55 per barrel. Russian markets were calmer. The ruble was slightly firmer against the dollar, after plunging 45% so far this year.
3) International Markets Overview
Most European markets are rising in early trading, while all the Asian markets closed with healthy gains.
The Nikkei in Japan and the key index in Australia rallied by 2.4%, taking their cue from the US.
The Bank of Japan announced it was keeping monetary policy steady following October's surprise decision to ramp up its stimulus program.
4) Potential Market Movers
BlackBerry (BBRY, Tech30) and Carnival (CCL) shares could be on the move Friday as both are set to report earnings before the opening bell.
Shares in Xerox (XRX) were rising by about 3% premarket after the firm said it was selling its IT outsourcing business for just over $1 billion.
Shares in Nike (NKE) were dipping lower premarket after the company forecast weaker-than-expected demand over the next few months.
Alibaba (BABA, Tech30) shares may be on the move as some inside investors are now allowed to start paring back on their holdings. After the massive Alibaba market debut in September, many early investors were barred from selling their shares. But that restriction lifts today.
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