Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Mitsubishi in trouble?
1. Mitsubishi in trouble?
Shares in Japanese automaker Mitsubishi Motors tumbled 15% in Tokyo after the company said it had rigged fuel efficiency tests.
Mitsubishi's announcement follows a huge scandal that rocked German auto giant Volkswagen (VLKAY) last year after it admitted to rigging diesel engine emissions tests in America and Europe.
2. Talking Tech
2. Talking Tech
Intel, Yahoo, Google: A number of major U.S. tech companies are in the spotlight Wednesday.
Intel (INTC, Tech30) announced late Tuesday that it plans to cut up to 12,000 people from its staff globally, or about 11% of its workforce.
Yahoo (YHOO, Tech30) reported its first quarter earnings on Tuesday after the closing bell and it's wasn't a pretty sight. Yahoo posted a big loss, and sales fell by double digits. CEO Marissa Mayer has been looking at selling the company after making little progress in turning around the company's fortunes over the past four years.
Google (GOOGL, Tech30) is also being watched closely. The European Commission could announce new antitrust charges against the company as early as Wednesday.
Google's Android is the world's dominant mobile operating system. The European regulator is concerned that the company is abusing its market position, and has been investigating the Android case since April 2015.
3. Earnings
3. Earnings
A wave of quarterly earnings is coming through Wednesday.
Coca-Cola (KO), DISH Network (DISH), Tupperware (TUP) and U.S. Bancorp (USB) are among the key companies reporting before the open.
American Express (AXP), Mattel (MAT), United Continental (UAL) and Yum! Brands (YUM) are reporting after the close.
And shares in ARM Holdings (ARMH, Tech30) are rising in London after the high-tech chip designer results were well received.
4. Global market overview & market recap
4. Global market overview & market recap
Crude oil futures are down 2% after the Kuwait News Agency reported that oil workers in the country had ended a three-day strike.
Kuwait's oil production reportedly slowed significantly during the stoppage.
Oil prices could remain volatile Wednesday as the U.S. Energy Information Administration reports weekly crude oil inventory data at 10:30 a.m. ET. The U.S. has been storing much more crude than usual and traders could continue pushing prices down if the data shows that inventory levels continue to rise.
U.S. stock futures are looking soft and European markets are rather weak in early trading.
Chinese stock markets ended the day with losses, though trading across the rest of Asia was much more muted.
Investors seem to be tucking their money into 10-year government bonds in the U.S. and Europe, which is causing yields to slip.
The Dow Jones industrial average and S&P 500 pushed to fresh closing highs for 2016 on Tuesday. Each of the indexes edged up by 0.3%. But the Nasdaq declined by 0.4%.
