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World stocks and oil prices steadied on Thursday as investors waited to see how much help the ECB's latest funding flood could provide the euro zone and if an expected sharp hike in Russian interest rates could stabilize the ruble.

European shares nudged higher in opening deals and the dollar also halted its abrupt slide of the last few days as investors caught their breath after some sell-offs exacerbated by the year-end drop in trading volumes.

The ECB is offering banks ultra-cheap, four-year loans as part of a package of measures to add around 1 trillion euros to its balance sheet - a goal it has set with a view to pumping money into the economy to save it from deflation.

But a Reuters poll carried out this week points to only around 130 billion euro being taken. After a disappointing first round in September, it could strengthen the case for the more controversial option of sovereign bond buying.

Asian stocks sagged overnight after the decline in oil prices took a heavy toll on energy shares and hit Wall Street hard.

Oil ticked higher in early European trading but remained below $65 per barrel, not far from a five-year low hit in the previous session. In the meantime, gold dropped.

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4 Tips for Today's Trading - 11/12

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11

Dec

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

 1) Time for a Bounce as Oil Recovers?

US stock futures are edging up Thursday after markets endured three consecutive days of losses.

Investors have grown increasingly nervous over the past few weeks as they consider how plunging crude oil prices will damage the oil industry and the energy boom that has helped the US recovery.

Oil prices have fallen by roughly 40% since June. US futures are staging a modest recovery Thursday, trading just above $61 per barrel.

2) Russian Rates

Russia's central bank will announce its latest interest rate announcement at 5:30am ET. Many economists say Russia has little choice but to hike interest rates sharply to help steady its free falling currency.

Russia's economy is suffering from plunging oil prices, rising inflation and the impact of Western sanctions imposed over the crisis in Ukraine.

3) Earnings and Economics

Lululemon (LULU) and RadioShack (RSH) will report quarterly earnings before the opening bell. Adobe Systems (ADBE) will report after the close.

The US government will post weekly jobless claims and monthly retail sales, both at 8:30am ET.

4) International Markets Overview

European markets were inching up in early trading, while all major Asian markets ended with losses.

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What is it? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? December 11^th at 8:30am Eastern Time.

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

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What is it? It checks the change in the total value of sales at the retail level.

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

When? December 11^th at 8:30am Eastern Time.

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

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4 Tips for Today's Trading - 10/12

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

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What is it? It checks the change in the total value of sales at the retail level, excluding automobiles.

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

When? December 11^th at 8:30am Eastern Time.

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

Talk to us to get get FREE signals and start earning now: 

Other top stories:

4 Tips for Today's Trading - 10/12

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

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