Here are 5 tips for today's trading. This will help you decide where you should invest and what to look for.
Here are 5 tips for today's trading. This will help you decide where you should invest and what to look for.
1) Weak European Data
1) European markets are mixed. Manufacturing in the Eurozone has stalled, and is now contracting in Germany, the region's biggest economy, according to the latest survey of purchasing managers. The euro continued its recent slide against the dollar.
2) September Slump
2) US stocks closed lower Tuesday, ending September in the red. The largest and most important indexes, the S&P 500, Nasdaq and the Dow dropped in what has been a very disappointing month.
3) Hong Kong Protests
3) Markets in Hong Kong and China were closed for the National Day holiday, which saw huge crowds swarm the street of Asia's financial hub. Thousands of Hong Kong residents are taking part in another day of pro-democracy protests. Most other Asian markets ended weaker.
4) Important Companies
4) Shares in biotech companies Tekmira (TKMR) and BioCryst Pharmaceuticals (BCRX) rose premarket after the first case of Ebola was diagnosed in the US.
EBay (EBAY, Tech30) shares were giving up some of Tuesday's gains posted in the wake of its announcement that it will spin off PayPal into a separate company next year. The stock was down 1.7% premarket.
Adidas (ADDYY) was top gainer in Europe after it announced plans to buy back shares worth 1.5 billion euros.
5) US Economic Data
5) At 10:00am Eastern Time, the US Census Bureau will say how much was spent on construction in August.
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