Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) ECB Countdown
1) ECB Countdown
The European Central Bank is widely expected to unveil plans for massive bond purchases when it meets on Thursday. A Fed-style quantitative easing program is the last big weapon in the central bank's arsenal to boost the region's ailing economy and revitalize financial markets.
2) Gold Rallies
2) Gold Rallies
Anticipation of a move by the ECB is driving up gold prices. The precious metal is trading above $1,300 an ounce -- its highest level 5 months. Gold benefits from bets from money printing as the commodity is seen as a safe store of value and a hedge against inflation.
3) Earnings & Economics
3) Earnings & Economics
American Express (AXP) and eBay (EBAY, Tech30) will post earnings after the closing bell. On the economic front, the US Census Bureau reports monthly housing starts and building permits at 8:30am ET.
4) Market Recap
4) Market Recap
US markets notched slim gains Tuesday, with the S&P 500 up 0.2% and the Nasdaq adding 0.4%. The Dow Jones industrial average was steady.
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