Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Earnings
Ralph Lauren (RL) and Macy's (M) are reporting ahead of the open. Cisco (CSCO, Tech30), J.C. Penney (JCP) and Shake Shack (SHAK) will report after the close.
2. Eurozone economy perks up
New data shows the eurozone economy grew by 1% in the first quarter compared to the same period in 2014.
Within the 19 nations, there were some standouts and laggards: Growth in Spain was robust, and Italy emerged from recession. Greece returned to recession.
3. More economic data
Bank of England Governor Mark Carney is speaking in London about the state of the U.K. economy and inflation. Markets are watching for clues about when the bank may begin to raise interest rates. U.K. data showed unemployment dipped to 5.5% in the first quarter.
In the U.S., the government will report monthly retail sales numbers at 8:30 a.m. ET.
4. International markets overview
European markets are rising in early trading, while Asian markets mostly closed the day with gains.
Oil prices are rising by about 1% to trade near $61.50 per barrel.
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