Markets are looking perky Friday morning, holding out the prospect of an upbeat end to a rough week.
All major European indexes are trading more than 2% higher, and U.S. stock futures are pointing to a positive start as investors welcome Janet Yellen's explanation of the Fed's decision not to hike rates last week.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) New boss at Volkswagen
The German automaker is expected to promote Porsche chief Matthias Mueller to group CEO as it struggles to get control of a crisis over falsified U.S. emissions tests. Media reports say Mueller will be named Friday as successor to Martin Winterkorn, who quit Wednesday.
Volkswagen (VLKAY) is also under huge pressure to provide more details about whether European tests were also deliberately manipulated, and to identify who was responsible for the misconduct. Its shares were trading 1% higher in Europe, but have lost about 25% since the scandal broke a week ago.