Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Rate cut in China
China's central bank cut interest rates over the weekend and stock markets responded by catapulting higher.
The China Shenzhen index surged by 4.5% and the Shanghai Composite index jumped by 3% on Monday.
This is the third rate cut in the last six months.
2. Earnings
Dish Network (DISH), Mobileye (MBLY) and Sotheby's (BID) are reporting ahead of the open.
3. Global economics
The Bank of England releases its rate decision Monday. Monetary policy in the U.K. has been very loose for a long time, but economists expect the central bank will eventually begin tightening the screws.
The British economy is improving so "it will be difficult to think of a situation why the monetary policy should remain at current level[s]," said Naeem Aslam, chief market analyst at AvaTrade.
Eurozone finance ministers are meeting Monday to decide whether to help Greece by giving the indebted nation more loans. Investors continue to worry that Greece could soon default on its debt. The country has to make a €750 million ($838 million) debt repayment to the International Monetary Fund on Tuesday.
4. Stock market overview
U.S. stock futures are moving sideways, indicating it could be a quiet start to the day.
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