U.S. stock futures are rising, most indexes in Europe are up by about 1% in early trading and the vast majority of Asian markets ended the day with positive results.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Oil within reach of $50
1. Oil within reach of $50
Oil prices are pushing higher again Friday after passing $49 per barrel overnight.
The price went as high at $49.27 late on Thursday.
Prices have rallied as many major oil producers, including Canada and Nigeria, have faced supply disruptions.
Oil was worth less than $27 per barrel just a few months ago.
2. Gold on the way for longest losing streak in 7 months
2. Gold on the way for longest losing streak in 7 months
The yellow medal was heading for a third straight week of losses, its longest stretch since last November, as the Federal Reserve (FedI) signaled this week that a rate hike was on the table for June. Gold is sensitive to moves in U.S. rates, as a rise would lift the opportunity cost of holding non-yielding assets such as bullion.
The resurgent dollar, hovering at a seven-week high, also weighed on investor sentiment in commodities, as they become more expensive to buyers using other currencies.
3. Focus on G7 meeting
3. Focus on G7 meeting
Finance ministers and central bankers from the G7 began a two-meeting on Friday in Sendai, Japan meant to discuss ways of inflating sluggish global growth, though leaders were not expected to reach a pact on coordinated fiscal stimulus.
The risk of the U.K.’s June 23 referendum on its membership in the European Union will be a focal point on the agenda. Leaders are concerned about the impact on financial markets if Britain decided to leave, known as a Brexit.
4. Thursday market recap
4. Thursday market recap
Thursday was a negative day in the markets.
The Dow Jones industrial average dropped 0.5%, the S&P 500 dipped 0.4% and the Nasdaq fell 1.1%.
Market sentiment took a hit after EgyptAir Flight 804 from Paris to Cairo disappeared Thursday morning with 66 people on board. The Egyptian armed forces said Friday morning they found debris from the plane and passenger belongings.
