TOOLS TRADES - 4 Tips for Today’s Trading

4 Tips for Today’s Trading - 06/05

: English; SCHOOL; 06 May 2015

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

1. Crude creeping up

Oil prices continue to push higher Wednesday. Crude futures are currently rising by about 2% to trade around $61.80 per barrel.

The price of a barrel topped $60 on Tuesday, hitting its highest level so far this year.

We could also see brisk trading later this morning when crude inventory data from the U.S. is released at 10:30 a.m ET.

2. Earnings

Anheuser-Busch InBev (AHBIF), SodaStream (SODA) and Wendy's (WEN) are reporting ahead of the open.

After the close, markets will hear from 21st Century Fox (FOX), Tesla (TSLA), Whole Foods (WFM), Transocean (RIG) and Keurig Green Mountain (GMCR).

Shares in BMW (BAMXY) are steady in Europe after the automaker reported its latest quarterly results.

Shares in British grocery chain J Sainsbury (JSAIY) are declining by about 1.5% after the firm reported worse-than-expected results and cut its dividend by 24%. The company, along with rival Tesco (TSCDY), has been suffering from a fierce price war and the cost of writing down its real estate portfolio.

3. Stock market overview

U.S. stock futures are all looking solid ahead of the open.

European markets are mostly rising in early trading. They seem unfazed by Greece's continuing negotiations with international creditors over its debts and economic reforms. The European Central Bank will discuss funding for Greek banks later Wednesday.

All major Asian markets ended with losses. Australia's key index dropped by just over 2%.

Looking back at Tuesday's trading action, the Dow Jones industrial average lost 142 points,the S&P 500 dropped 1.2% and the Nasdaq closed with a 1.6% loss.

4. Economics