Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Stock market overview
1. Stock market overview
U.S. stock futures are sitting around the levels where they closed on Friday.
European markets are dipping in early trading.
Over in Asia, Chinese markets did particularly well. The Shanghai Composite closed the day with a 3.3% gain.
Meanwhile, the dollar index was little changed at 95.72, remaining within striking distance of a more than two-month high of 95.95 struck in the previous session.
2. Euro zone deflation eases in May
2. Euro zone deflation eases in May
The euro zone remained in deflation for a second straight month in May, although prices fell by less than in April due to a slowdown in the decline of energy prices, according to a first estimate from the EU's statistics agency.
In a report, Eurostat said consumer price inflation fell by a seasonally adjusted 0.1% this month, in line with forecasts, and following a final reading of a 0.2% drop in April.
The data are seen as unlikely to push the European Central Bank to make any changes to monetary policy when it meets on Thursday.
3. Economics
3. Economics
A number of important U.S. economic reports are coming through Tuesday.
The Bureau of Economic Analysis is posting its personal income and spending report at 8:30 a.m. ET.
The latest Case-Shiller home price index, which tracks the health of the U.S. housing market, is being released at 9 a.m.
Then at 10 a.m., the Consumer Confidence Index for the month of May is due from the Conference Board. Looking abroad, India is releasing its latest gross domestic product figures at 8 a.m. ET.
New official eurozone data on unemployment and inflation are not looking promising. Unemployment in the eurozone held steady at 10.2% in April. And the latest inflation estimate shows the region continues to suffer with falling prices.
4. May recap
4. May recap
This marks the final trading day of a bumpy month, though all the major U.S. indexes look set to close out the period with gains.
The Nasdaq has enjoyed the standout performance, climbing 3.3% this month, followed by the S&P 500, which jumped 1.6% over the period. The Dow Jones industrial average was a bit more sluggish, rising a meager 0.6% this month.
