Here are 3 tips for today's trading. This will help you decide where you should invest and what to look for:


 1) Records Tumble

The S&P 500 closed up 0.17% at another record level Friday, boosted by news that US employers added 321,000 jobs in November, making 2014 the strongest year for job growth since 1999.

Markets will be watching Monday to see if the Dow Jones Industrial Average can hit a new record at 18,000 points. The index came within 10 points of the milestone during Friday's session.

Early signs are that investors may have to wait a while longer, given a few reminders Monday about shaky global growth.


2) Japan's Recession

The world's third largest economy is in a deeper hole than expected. A second reading of third quarter GDP showed the economy shrank at a faster rate than previously thought, down 1.9% on an annual basis. An initial estimate put the contraction at 1.6%.

Voters go to the polls Sunday in parliamentary elections called early by Prime Minister Shinzo Abe in the hope that he'll secure a stronger mandate for his economic revival plan.

Japan's Nikkei was flat in a mixed session for Asian markets.


3) Europe Weakens

The downward revision to Japan's GDP data, combined with weak trade figures from China and a disappointing reading of German industrial production in October weighed on European markets in morning trade.

 

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Friday’s Nonfarm Payrolls data was much stronger than expected. The data showed that 321,000 jobs were created over the past month, much above the expected 225,000. Figures pushed markets higher but gains were limited as the data also fueled expectations that the Federal Reserve could hike interest rates sooner than expected.

Asian markets climbed across the region. The Nikkei finished with small gains of 0.08% as the Dollar continued to climb against the Yen, reaching levels not seen since 2007 and climbing above the key psychological level at 120. Gains were limited, however, due to a range of negative data out of Japan.

European markets are lower today as the data from Asia heightens fears over global growth.

Oil continues to decline as the U.S Dollar strengthens. Weak data out of Asia lowered demand for the commodity and pushed prices lower. This came after Saudi Arabia cut its export prices to Asia and the US late last week.

Gold dropped following the strong NFP data but has since regained some of its losses. The market is now weighing up the potential increase in US interest rates against stimulus measures in Europe and Asia. As there are no important economic events today the metal is expected to trade choppy.

 

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What is it? It checks the level of a diffusion index based on surveyed businesses, excluding the farming industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? December 8th at 7:30pm Eastern Time.

 

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

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What is it? It checks the change in the total value of new building permits issued.

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

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

 

 

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

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What is it? The Eurogroup coordinates economic policies of the 17 euro area member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health.

When? December 8th all day long.

 

 

Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!

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What is it? It checks the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations.

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

When? December 8th at 3:15am Eastern Time.

 

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

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