Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Good Apple
Investors and tech geeks alike are eagerly awaiting Apple (AAPL, Tech30)'s annual Worldwide Developers Conference, which kicks off Monday.
Tim Cook is expected to announce the latest iPhone and Mac features, which could cause Apple's stock to swing.
2. Germany nears correction
The benchmark DAX 30 index in Germany is nearing correction territory, down by roughly 9% since its all-time closing high on April 10. The DAX was one of the hottest stock markets in the world at the start of the year, but was quickly outpaced by indexes in China.
3. Overview of stocks and bonds
U.S. stock futures are relatively stable ahead of the open while European stock markets are mostly dipping in early trading.
Asian stock markets ended with mixed results.
Bond prices are weakening in Europe, sending yields higher. But early trading Monday showed U.S. and U.K. bonds rallying. Fixed income prices tanked last week, which sent yields way up.
The turmoil is a clear signal that investors are bracing for higher interest rates -- whether the Federal Reserve is ready for its first rate hike in a decade or not.
4. Japan's growth surprises
Japan's economy is doing better than originally expected.
Gross domestic product grew by an annualized 3.9% in the three months ended March, according to statistics from Japan's Cabinet Office. The figure has been revised sharply higher from an initial estimate of annualized 2.4% growth.
But economists are warning that a strong first quarter means that it's time to brace for slower growth ahead. Markets in Tokyo posted a muted response to the data and were essentially unchanged at the end of the trading day. The yen is slipping versus a number of major currencies.
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