Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. China slowing, Europe recovering
New data shows China's factory activity slumped this month, dropping to its lowest pace in almost a year. The HSBC report is "the latest in a string of disappointing data out of China," according to economist Julian Evans-Pritchard of Capital Economics. It has sparked talk of more stimulus by the Chinese government and central bank.
Similar data from the eurozone shows business activity in the region is growing by the most in nearly four years. Traders reacted by bidding up the euro.
2. Stock market overview
U.S. stock futures are edging higher Tuesday and most major European markets are pushing up in early trading.
Asian markets ended with mixed results. In China, the Shanghai Composite index inched up by 0.1% after taking a knock earlier in the day. In Hong Kong, the Hang Seng dipped by 0.4%.
3. Potential market movers -- Big banks, Facebook
The banking sector has some strength behind it this morning. Shares in Goldman Sachs (GS) and Bank of America (BAC) are pushing forward in premarket trading. Both are up by more than 1%.
Shares in Facebook (FB, Tech30) could be on the move Tuesday after the New York Times reported that the social media giant plans to host news websites' content directly on its pages, allowing users to read stories on Facebook instead of clicking through to external sites.
4. It’s all about inflation
The U.S. Bureau of Labor Statistics will release inflation data for February at 8:30 a.m. ET.
In the U.K., inflation data released Tuesday showed consumer prices were unchanged in February compared to the same time last year.
"U.K. inflation has fallen to zero for the first time on record," said Chris Williamson, chief economist at Markit. "Rather than being a concern, the drop in inflation is a boon to the economy, providing households with greater spending power at a time when pay growth remains frustratingly weak."
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