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1. Wall Street opened higher on Thursday, rebounding from two days of losses, as investors assessed economic data and quarterly results of major U.S. banks.

The Dow Jones industrial average (DJI) rose 27.22 points, or 0.16 percent, to 16,951.97, the S&P 500 (SPX) gained 4.74 points, or 0.24 percent, to 1,998.98 and the Nasdaq composite index (IXIC) added 15.44 points, or 0.32 percent, to 4,798.29.

2. The dollar turned broadly higher against the other major currencies on Thursday, easing off a two-and-a-half month trough as the release of upbeat U.S. data eased concerns over the health of the economy.

The dollar trimmed losses against the yen, with USD/JPY down 0.25% at 118.53, off a more than one-month low of 118.06 hit earlier in the session.

3. West Texas Intermediate oil futures fell more than 1% on Thursday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a faster pace than expected last week.

Crude oil for delivery in November on the New York Mercantile Exchange fell to an intraday low of $45.63 a barrel, the weakest level since October 5, before trading at $45.87 during U.S. morning hours, down 77 cents, or 1.65%.

4. Gold futures erased gains on Thursday to move away from a four-month high, after upbeat U.S. economic data prompted market players to bring forward their expectations for a U.S. rate hike.

Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $1.20, or 0.1%, to trade at $1,178.60 a troy ounce during U.S. morning hours. Prices rallied to an intraday peak of $1,191.40 earlier, a level not seen since June 22.

5. Goldman Sachs Group Inc's (N:GS) profit plunged for the second straight quarter as bond trading revenue fell by a third amid market turmoil stemming from concerns about global growth.

Revenue fell in all of the bank's major businesses except investment banking, which benefited from a surge in takeovers.The results are the latest example of how the grim trading environment is gutting Wall Street.

Turbulent trading, much stemming from worries about the flow-on effect of China's cooling economy, was aggravated by uncertainty over the timing of a U.S. interest rate hike.

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Burberry shares slumped by about 12% in London on Thursday after the company announced disappointing sales in its key Asian markets.

The fashion retailer's retail revenue grew by only 2% in the first half of the year, down from 8% in the first quarter, and well below analysts' expectations.

Burberry said sales in Hong Kong "decelerated further" in the second quarter, while mainland China sales "decreased slightly" in the first half.

"The external environment became more challenging during the half," said Burberry CEO Christopher Bailey.

China has been a key driver of growth for Burberry in the past few years. But Chinese shoppers are turning away from its trademark checked trench coats and other luxury goods as the world's second biggest economy slows.

"Worries about a China/Asia slowdown are justified with the legendary Chinese consumer spending less on their much loved luxury goods at home, even if they continue to ring up the tills in Japan and Europe thanks to currency benefits," said Mike van Dulken, head of research at Accendo Markets.

Burberry said it is taking "swift action" on costs to minimize the impact of the increasingly challenging conditions in the luxury market on its business.

"Our plans for the festive season position us well to return to a more positive sales trend in the all-important second half," Bailey said.

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Tim from Canada won 14 of the 18 Signals he got from us, as you can see in the picture below.

We want to thank Tim for his kind words and appreciation.

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Stock markets look up Thursday after two days of losses.

But even though markets are taking a step forward, certain stocks are taking two steps back.

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

1. Stock market losers

Burberry, Netflix, Twitter: Shares in luxury retailer Burberry (BURBY) are dropping by about 12% in London after the British firm said it was having a tough time in China and noted an "increasingly challenging environment for luxury customers."

Netflix (NFLX, Tech30) stock is declining by about 4% premarket after the company reported sluggish U.S. growth in the third-quarter.

Shares in Twitter (TWTR, Tech30) could also take a dip Thursday as investors worry that CEO Jack Dorsey may be spreading himself too thin. Dorsey's other company, Square, announced plans for an initial public offering Wednesday. The mobile payments company will list shares in New York under the ticker symbol "SQ".

2. We all scream for ice cream

It turns out that ice cream was a lucrative business this summer.

Unilever (UL), which owns a range of well-known food and personal care brands, reported better-than-expected earnings and credited ice cream for driving sales.

"Ice cream delivered very strong growth helped by better weather than last year," the company said in a statement, noting that it encouraged consumers to buy fancy ice cream from the Ben & Jerry's and Magnum brands.

Shares are rising by about 3.5% in London.

3. Markets sparkle

Nearly all global stock markets are rising Thursday and U.S. stock futures are firmly in positive territory.

Gold prices are sparkling as they rise another 0.5% to trade around $1,185 per ounce. Prices haven't been at this level since June.

Meanwhile, oil prices are falling back by 1% to trade around $46.10 per barrel. 

4. Economics

Two important economic reports will come at 8:30 a.m. ET.

The Bureau of Labor Statistics will release its consumer price index for September, which shows national inflation levels. Inflation has been lagging behind the Federal Reserve's target of 2%.

And weekly jobless claims data will be released by the U.S. Department of Labor.

At 10:30 a.m., weekly data on natural gas inventories will come out, just before crude inventory data is released at 11 a.m.

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What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? At 5:45pm Eastern Time.

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

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What is it? 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? 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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What is it? 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? At 8:30am Eastern Time.

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

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What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? At 8:30am Eastern Time.

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

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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