Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Global markets overview
1. Global markets overview
Looking across the rest of the world, stock markets are soft. U.S. stock futures are trying to hold onto Monday's closing levels. European markets are all slipping in early trading.
Asian markets ended with mixed results. The Nikkei index in Tokyo was a standout performer with a 1.1% rally.
In the bond market, prices for 10-year government bonds across Europe and the U.S. are slipping as yields move up.
Crude oil futures are rising by 1% to trade around $40.75 per barrel. Gold and precious metal prices are also looking firm.
2. GBP/USD hits one-week high
2. GBP/USD hits one-week high
U.K. consumer price inflation (CPI) rose in March to its highest level since December 2014, but at 0.5%, put little pressure on the Bank of England (BoE) to tighten monetary policy as the reading remains far from the 2% target.
The pound never-the-less strengthened on the news with GBP/USD hitting a one-week high after the data release.
3. Oil continues to climb
3. Oil continues to climb
Market participants continued to keep a close eye on oil as the April 17 meeting of major oil producers in Doha approaches.
In the news, Russian energy minister Alexander Novak grabbed headlines on Tuesday with his forecast that oil would hit $40 to $45 in the second half of 2016, with the potential to reach $50 by the end of the year.
Investors also awaited the publication of the weekly inventories from the American Petroleum Institute later on in the day. U.S. crude oil futures rose 1.07% to $40.79, at 9:56AM GMT, or 5:56AM ET, while Brent oil gained 1.38% to $43.42.
4. Monday market recap
4. Monday market recap
U.S. stock markets put in a weak performance on Monday. The Dow Jones industrial average dipped by 0.1%, the S&P 500 pulled back by 0.3% and the Nasdaq declined by 0.4%.
