U.S. stock futures are edging higher, and European markets are also gaining. Asian markets ended mixed.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. GBP falls amid Brexit fears
1. GBP falls amid Brexit fears
Sterling dropped 0.7% against the dollar Monday after two opinion polls showed the "Leave" campaign gaining momentum ahead of the referendum on Britain's future in the European Union later this month.
"There's just one currency that's weaker against the dollar than it was before the release of Friday's awful US jobs data - the pound," wrote Societe Generale strategist Kit Juckes in a note.
Brits will decide whether to stay in the EU on June 23 and uncertainty about the outcome and its economic consequence is stoking volatility in the pound. The currency has lost 2.2% against the dollar so far this year.
2. Commodities rise after low NFP
2. Commodities rise after low NFP
Gold and copper climbed to fresh multi-week highs on Monday, as investors all but ruled out a rate hike later this month following the release of disappointing U.S. employment data.
Gold rose to an intraday high of $1,251.30 a troy ounce, the most since May 23, while copper futures touched a daily peak of $2.144 a pound, a level not seen since May 9.
3. Earnings and economics
3. Earnings and economics
Fed chief Yellen will speak in Philadelphia at 5:30 p.m. ET. Analysts will be watching the speech closely for any hints on a rate hike.
While Fed officials have hinted in recent weeks that they may raise interest rates in June after a slew of positive economic data, the jobs report on Friday made a June hike look very unlikely. Hiring in the U.S. slowed sharply in May to the lowest level since 2010.
And there was more bad news from Germany, where factory orders dropped 2% month-on-month in April.
4. Oil reclaims $50-level
4. Oil reclaims $50-level
Brent oil futures reclaimed the key $50-level on Monday, as market players eyed supply disruptions in Nigeria.
The Niger Delta Avengers militant group has claimed responsibility for three new attacks on Nigeria's oil infrastructure over the weekend, promising to cut production to zero.
Brent was up 66 cents, or 1.33%, at $50.30 a barrel during morning hours in New York, while U.S. crude tacked on 61 cents, or 1.25%, to $49.23.
