U.S. stock futures are up and nearly every major global index is rising.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. USD breaks through 109 JPY on intervention talk
1. USD breaks through 109 JPY on intervention talk
USD/JPY broke through the 109 psychological level on Tuesday after continued comments about possible intervention by the Japanese government.
Speaking Tuesday, Japan’s finance minister Taro Aso reiterated that Tokyo will intervene in the currency market if "one-sided" moves in the yen persist, while the country’s economy minister Nobuteru Ishihara said he was closely watching financial markets after the yen’s gains last week.
2. Earnings
2. Earnings
A number of well-known companies are reporting quarterly results Tuesday.
Ahead of the opening bell, we'll hear from SodaStream (SODA), Allergan (AGN), Credit Suisse (CS), Crocs (CROX), Dean Foods (DF), Lumber Liquidators (LL) and Nokia (NOK).
After the close, Fossil (FOSL), Electronic Arts (EA, Tech30) and Disney (DIS) are reporting.
Shares of Disney are flat so far in 2016 -- despite box office hits such as "Captain America: Civil War," "The Jungle Book" and "Zootopia."
3. Oil rebounds after Monday’s tumble
3. Oil rebounds after Monday’s tumble
Oil bounced back on Tuesday after closing the prior session with a 2.7% drop as market players continued to weigh supply disruption in Canada and waited for fresh weekly information on U.S. stockpiles of crude and refined products.
The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles rose by 0.5 million barrels in the week ended May 6.
Additionally, the Qatari oil minister commented that the market is on the way to recovery and should rebalance in the second half of the year, while the Saudi Arabia’s new oil minister suggested demand would increase by 1.2 million barrels per day this year.
U.S. crude oil futures gained 0.85% to $43.81 at 10:00AM GMT, or 6:00AM ET, while Brent oil rose 1.51% to $44.29.
4. Monday market recap
4. Monday market recap
It was a rather uninspiring day in the markets on Monday.
The Dow Jones industrial average dipped 0.2%, though the S&P 500 and Nasdaq both eked out minor gains.
Looking at individual stocks, McDonald's (MCD) made investors McHappy as shares hit an all-time high.
