Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) New Month, New Direction?
1) New Month, New Direction?
US stock futures are edging higher ahead of February's first trading day, but the moves are modest and the mood cautious.
"February starts with a feeling of apprehension," said Angus Campbell, a senior market analyst at FxPro. When the S&P 500 tumbles in January, that's "historically considered to be a bad sign for equities, leading to a negative year for the stock market."
2) Greek Drama
2) Greek Drama
Greek stock markets are bouncing back after a week of steep losses. Bank stocks are leading the rebound, but are still nursing losses of between 30% and 40% for the year so far on fears that a clash between Greece's new government and its creditors will cut them off from vital ECB support.
European markets were creeping higher in early trade, but uncertainty about Greece and weak economic data from China kept a lid on gains.
China's official manufacturing index dipped below 50 for the first time since 2012, more evidence that activity in the country's all-important factories is slowing. The slowdown raises the likelihood that China will cut interest rates again, or launch other stimulus measures.
Asian markets ended mostly weaker. The Shanghai Composite index led the way with a decline of 2.6% Monday. That was the fifth consecutive daily decline.
3) Earnings
3) Earnings
Exxon Mobil (XOM) and Sysco (SYY) are among the main companies reporting earnings Monday. They will both report before the opening bell.
4) Economics
4) Economics
The US Census Bureau will report December construction spending at 10:00am ET.
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