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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