Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. International markets overview
1. International markets overview
U.S. stock futures are pushing up and many European markets are rising by more than 1% in early trading.
Asian markets got a boost after the release of better-than-expected Chinese trade data. But economists are keeping the champagne on ice since data from the first few months of the year tends to be volatile given it's a major holiday period. Experts will pay closer attention to first quarter GDP figures due on Friday.
2. Eyes on oil
2. Eyes on oil
Investors are watching oil fluctuations after crude prices hit a 2016 peak on Tuesday.
Oil prices rallied above $42 per barrel based on reports that Saudi Arabia and Russia reached a deal to cap oil output. Crude oil futures are now dipping by about 1% to trade around $41.50.
Major oil producers are slated to meet in Qatar on Sunday to discuss possible production freezes in an effort to boost global prices.
3. USD on the rise GOLD prices decline
3. USD on the rise GOLD prices decline
Gold moved further back from the previous day’s three week high on Wednesday as the dollar rebounded and European shares surged as upbeat Chinese trade data boosted risk appetite.
U.S. gold futures for June delivery were down 1.09% $1,246.80 an ounce by 0.946 GMT.
The precious metal hit highs of $1,262.60 an ounce on Tuesday, the most since March 18.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, advanced 0.54% to 94.52, rebounding from Tuesday’s eight-month lows of 93.62.
4. Wednesday market recap
4. Wednesday market recap
The Dow Jones industrial average gained 0.9%, while the S&P 500 climbed 0.1% and the Nasdaq added 0.8%.