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

When? At 4:30am Eastern Time.

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

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1. The dollar remained little changed against a basket of other currencies on Wednesday after data showing that U.S. inflation rose at a slower than expected rate last month, as investors awaited the minutes of the Federal Reserve’s latest meeting later in the day.

2. U.S. natural gas prices bounced off the previous session's five-week low on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.

3. Gold prices remained higher on Wednesday, after data showed that consumer price inflation in the U.S. rose less than expected in July, while prices excluding food and energy costs inched up modestly. (Investing.com)

4. TORONTO - Avid Life Media, the company behind infidelity website AshleyMadison.com, confirmed on Wednesday that some legitimate data has been stolen from it and published online, but said it has never stored credit card information on its servers.

5. CHICAGO - Target Corp (N:TGT) on Wednesday reported a higher-than-expected quarterly profit and raised its full-year earnings forecast for the second time, benefiting from strong demand for clothing and other product categories at the center of its growth plan.

6. LONDON - Fears about China's economy kept emerging markets under heavy pressure on Wednesday, while the dollar eased as traders awaited minutes from last month's Federal Reserve meeting for any hints on U.S. rate hike plans. (Reuters).

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

It's a busy day for markets and investors are bracing for losses.

U.S. stock futures were sinking ahead of a wave of earnings reports. Global markets were mostly lower but China regained some poise after taking a dive earlier in the day. 

1) China recovers

It was another volatile session in China, with the Shanghai Composite erasing sharp early losses to close up 1.2%. Chinese stocks have been on a wild ride for weeks as investors grow anxious about a possible withdrawal of stock market support by Beijing, and the health of the Chinese economy.

2) Commodities ease

Uncertainty about global demand and slowing growth in China have pressured commodity prices in recent months, and copper and oil resumed their slide Wednesday.

Copper traded down nearly 2% to just above $5,000 a tonne while oil shed 0.4% to hover below $43 a barrel. 

3) Earnings and economics

Plenty of companies will open their books to investors on Wednesday. Target (TGT), Lowe's (LOW), Staples (SPLS), Hormel Foods (HRL) and American Eagle (AEO) -- along with a handful of others -- are due to report quarterly earnings ahead of the open.

Victoria's Secret owner L Brands (LB) is among the companies reporting after the close.

It's a light day for economic news, with July's consumer price index numbers released by the Bureau of Labor Statistics at 8:30 a.m. ET. 

4) Greek bailout vote

Germany's parliament is expected to approve the latest Greek bailout Wednesday, a key hurdle to unlocking the first chunk of up to €86 billion ($95 billion) in aid for the cash-strapped country. Athens stock market added 0.3%.

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What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

When? Tentative.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.

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What is it? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

When? At 2:00pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.

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