During today’s early trading session, Asian stocks traded higher over concerns that the Fed may wait longer before increasing the interest rate. Investors looked to the stock markets after weak Nonfarm Payrolls backed earlier comments made by Chair Janet Yellen that a future rate hike will be based on an improving labour market. The Nikkei share average was up by 1.25%, closing at 19,640, Its highest level in nearly 2 weeks. Following strong data from Australia, the AUD/USD rallied after the Retail sales for the month of February showed a higher than expected reading of 0.7%. The pair reached 0.771 during early trade, its highest level this month.

During the European session the Euro plunged against a basket of major currencies as the deadline over Greece nears, if the nation does not reach an agreement with its creditors by the end of April then the country could go into default. The Euro continued to drop after negative data from the Eurozone showed weaker than expected figures for both the Marki Composite PMI and Services PMI. Furthermore, the British pound strengthened against the weaker Euro following positive data from the UK. The Services Purchasing Managers Index showed a higher reading of 58.9, above the expected figure of 57 indicating expansion in the services sector.

Oil continues to move close to yesterday’s high following a 6% surge in price. USOil is currently trading above $51/barrel as Saudi Arabia pushed up the price over increased demand from Asia. Furthermore, market spectators looked ahead to U.S. inventories reports, it is expected that production will reach its peak during the month of April.

Traders are now awaiting the Bank of Japan press conference tomorrow at 7:30 GMT and the FOMC Meeting Minutes taking place at 19:00 GMT. Officials speaking at these events could provide clues on future monetary policies.

 

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1. Potential market movers -- FedEx, GM

Shares in FedEx (FDX) could see higher-than-normal trading volume after the company announced a €4.4 billion ($4.8 billion) deal to purchase its Dutch competitor, TNT Express. Shares in TNT shot up by about 31% in Amsterdam on Tuesday.

The acquisition comes two years after UPS (UPS) withdrew its offer to buy TNT after the European Union blocked that deal due to competition concerns.

Shares in General Motors (GM) are nudging lower ahead of the open after the Canadian government announced it had sold its remaining $2.7 billion stake in the automaker. The government had bought shares in the company during the depths of the recession in a move to save GM manufacturing jobs.

 

2. Stable Samsung?        

Samsung's (SSNLF) sales and profits appear to be stabilizing, raising hopes that the South Korean electronics giant will emerge from its smartphone-induced funk.

Samsung said Tuesday that it anticipates an operating profit of 5.9 trillion won ($5.4 billion) for January to March. That's a 31% decline from the previous year, but the strongest number in three quarters.

Shares in the company slipped 0.5% after the announcement.

 

3. Indecisive stocks

U.S. stock futures are not making any big moves ahead of the open, after swinging around Monday and closing with gains.

On Monday, the Dow Jones industrial average and S&P 500 each rose by 0.7%. The Nasdaq also jumped by 0.6%.

A sharp jump in oil prices helped lift stocks yesterday. But crude futures are currently sliding, down by about 1.5% to trade around $51.40 per barrel.

 

4. International markets overview

European markets are rallying in early trading, playing catch up with the U.S.

Investors are also feeling confident after the final reading of purchasing managers' sentiment for March -- published by Markit -- showed the economy continued to gain strength last month.

"Whether the eurozone economy has achieved escape velocity to enjoy a return to a strong and sustainable recovery remains uncertain, but the region is certainly seeing its best growth momentum since 2011," said Chris Williamson, chief economist at Markit.

Meanwhile, most Asian markets closed the day with gains. Hong Kong's stock market was closed for a public holiday.

 

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What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

When? April 7th - Tentative.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.

 

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What is it? It checks the number of job openings during the reported month, excluding the farming industry.

It's released late, but can impact the market because job openings are a leading indicator of overall employment.

When? April 7th at 10:00am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

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