U.S. stocks look set to break through to new record highs again on Thursday.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. There’s a party on Wall-Street
1. There’s a party on Wall-Street
U.S. stock futures are rising again.
The Dow Jones industrial average and S&P 500 finished Wednesday at fresh closing highs. But investors are still looking to buy.
European markets are also rising in early trading, with key indexes up by about 1%. Most Asian markets ended the day with small gains.
2. Rates cut in England?
2. Rates cut in England?
The Bank of England is expected to cut interest rates at 7 am Thursday to support the slowing U.K. economy in the wake of the Brexit referendum.
The June 23 vote to leave the European Union led to extreme market volatility and political uncertainty. Business sentiment has slumped and consumer confidence has taken a hammering. The housing market is freezing up.
Governor Mark Carney has signaled that the central bank is ready to act. A rate cut today -- from a record low of 0.5% -- could be followed by additional stimulus measures such as reviving a program of asset buying.
"We think that if the [central] bank does not cut rates they are likely to signal a cut in rates," said Paul Donovan, an economist at UBS in London.
3. Biggest tech IPO of 2016
3. Biggest tech IPO of 2016
Silicon Valley and Wall Street are transfixed right now by an app that most people in the U.S. have never downloaded.
Line is the operator of a Japanese messaging app that's popular in Thailand, Indonesia, Taiwan and Japan. Line shares will begin trading in New York on Thursday, and then in Tokyo on Friday, in the largest public offering by a tech company this year.
Line has about 218 million monthly users and offers a mish-mash of services similar to WhatsApp, Skype, Twitter, Zynga, Spotify and Uber.
The company is currently valued around $6 billion.
4. JPY down to 3-weeks lows
4. JPY down to 3-weeks lows
The JPY tumbled to a three-week low on Thursday amid reports that former Federal Reserve chair Ben Bernanke had raised the prospect of “perpetual bonds” for the Bank of Japan.
USD/JPY plowed through 1.05 and was last up 1.35% at 105.91 on the news.
