European stocks are edging higher Monday, as are U.S. futures, after a miserable start to the year.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
European stocks are edging higher Monday, as are U.S. futures, after a miserable start to the year.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. China slides further
1. China slides further
The main stock markets in China plunged again. The Shanghai Composite closed down 5.3%, and the Shenzhen Composite ended 6.6% lower.
The grim day of trading followed steep declines in Chinese stocks last week amid worries over the country's weakening currency and slowing economy.
Weekend data provided more evidence of softer demand. Consumer prices rose by just 1.4% in 2015, their slowest pace in six years and well below the government's 3% target, state news agency Xinhua reported.
2. Stock market movers
2. Stock market movers
Apple is edging up 0.7% premarket after a report that its music subscription service has reached 10 million subscribers. The stock plunged below $100 a share last week, for the first time since October 2014.
Shares in the DNA sequencing company llumina Inc. (ILMN) are up 3% in premarket trading, after it announced a $100 million spin-off.
The new company, called Grail, will aim to develop a simple blood test to identify cancers in patients with no symptoms. Illumina secured an array of high profile investors, including Bill Gates and Jeff Bezos.
3. International markets overview
3. International markets overview
European markets are edging higher in early trading. The FTSE100 is up 0.2%, while Germany's DAX is up 1.1%.
Asian markets ended the session lower. Hong Kong's Hang Seng closed 2.8% lower, while Korea's Kospi was down 1.3%.
Oil is plunging 1.5% Monday, to just above $32.50 per barrel and near a 12-year low hit last week.
4. Last week market recap:
4. Last week market recap:
It was an historic week: Dow plunges 1,079 points.
The Dow Jones industrial average lost 1,079 points last week, or over 6%. It was the Dow's worst start to a year on record, according to Dow Jones.