Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

 

1. Greek drama:



European markets are pushing higher in early trading, despite the fact that Greece and its creditors were unable to reach a deal on the country's debt crisis Thursday. Traders appear to be taking the news in their stride as they hope for a last-minute deal at a meeting of top EU leaders Monday.

Without an agreement very soon, Greece could miss a payment to the International Monetary Fund due at the end of the month, making it the first developed country to ever default on IMF debt.

 

2. Chinese correction:

The main Chinese stock markets in Shanghai and Shenzhen have officially entered correction territory, with each of the key indexes down by about 13% over the last few days.

Investors have grown increasingly wary of what many analysts describe as a bubble.

 

3. Calm in the U.S.:

 

U.S. stock futures are looking remarkably placid despite the turmoil overseas.

The Nasdaq closed at an all-time high -- 5,132.95 points -- Thursday after surging 1.3%. It also set an intraday record of 5,143.32, topping the previous all-time high of 5,132.52 from more than 15 years ago.

The Dow Jones industrial average and S&P 500 also jumped by 1% on Thursday.

 

4. Market movers:

ConAgra, Macerich: ConAgra Foods (CAG), a Nevada-based food company, saw a 7% jolt in its stock in extended trading after hedge fund JANA Partners announced it bought 7.2% of the company's shares.

 

In a disclosure filed with the SEC, JANA Partners said ConAgra's share are "undervalued and represent an attractive investment opportunity."

 

 

 

 

 

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What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When?  At 8:30am eastern time

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

 

 

 

  

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What is it? Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

When? At 8:30am eastern time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

 

 

 

 

 

 

 Ask us about our FREE financial advice program: ChatButton

 

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