Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Economic Updates
The US government posts weekly jobless claims at 8:30am ET. That's followed by the University of Michigan's consumer sentiment index at 9:55am ET, and new home sales data from the US Census Bureau at 10:00am ET.
2) OPEC Meeting Begins
Ministers from major oil producing nations begin a two-day meeting Wednesday in Vienna to discuss future oil production plans. The OPEC meeting is poised to be one of the most contentious since oil prices plummeted by more than $100 a barrel in 2008. A decision is due Thursday over whether the producer cartel will cut its output for the first time since December 2008.
3) Google Break-Up?
European Parliament will debate a possible break-up of Google (GOOGL, Tech30) Wednesday over concerns that the American tech company has gained monopolistic powers in Europe.
On Thursday, members will vote on a resolution that will propose ways to shrink Google's influence in Europe. But even if the vote passes, it'll only be a recommendation. A final decision lies with another branch of the government: the European Commission.
4) Stocks Enter Holiday Mode
US stock futures are inching higher Wednesday, but the gains were small.
European markets are mostly edging up in early trading, and most Asian markets ended with gains.
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