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

Investors have caught a mild case of the Monday blues.

U.S. stock futures were inching lower and oil prices remained under pressure. 


1) Oil slides

Crude dropped 1.5% to hover just above $41 a barrel in electronic trading. Oil has tumbled in recent weeks as the combination of plenty of supplies and sluggish demand weighs on prices. 


2) Ruble tumbles

Weak oil prices are causing problems for Russia's energy-dependent economy. And there was more bad news Monday, as the ruble hit a 6-month low against the greenback. 


3) Earnings updates

There are a few company results to watch out for today, starting with earnings from Estee Lauder (EL) before the market open. Urban Outfitters (URBN) will report this afternoon. 


4) International markets

It was a mixed session across global markets. In Europe, Germany's DAX rose 0.4% while the U.K.'s FTSE index inched down 0.1%.

Over to Asia, China's Shanghai Composite closed up 0.7% and the yuan was steady against the U.S. dollar. The stabilization in the Chinese currency helped restore some calm to trading after a surprise devaluation sparked a sell-off on global markets last week.

Japan's economic recovery hit another stumbling block as data showed GDP contracted in the second quarter. The country's benchmark Nikkei index added 0.4%. Hong Kong's Hang Seng closed down 0.7%.

 

 

 

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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 8:30am Eatern 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? It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

When? At 9:30pm Eatern Time.

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

 

 

 

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1. (Reuters) - Wall Street fell in morning trading on Thursday as strong U.S. economic data increased the likelihood that the Federal Reserve would raise interest rates in September, rather than later in the year.

U.S. retail sales rebounded in July. The four-week moving average of weekly jobless claims fell to its lowest since April 2000, pointing firmly to a tightening jobs market.

2. (Reuters) - Coca-Cola Co (N:KO) named James Quincey chief operating officer, and said company veteran Ahmet Bozer, who had been seen as a possible successor to Muhtar Kent as CEO, would be leaving.

3. BERLIN (Reuters) - While Chancellor Angela Merkel's focus on careful spending as a cure for the euro zone's debt problems has made her popular at home, German consumers are borrowing more to finance everything from furniture to cars.

4. Investing.com - Natural gas futures extended losses on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week.

Natural gas for delivery in September on the New York Mercantile Exchange dropped 8.5 cents, or 2.88%, to trade at $2.847 per million British thermal units during U.S. morning hours. Prices were at around $2.912 prior to the release of the supply data.

5. ATHENS (Reuters) - Greece's ruling Syriza party edged toward a formal split on Thursday, hours before rebel leftist lawmakers plan to vote against a new bailout deal to keep the country afloat.

With opposition support, the government is asking parliament to approve a 85 billion euro bailout deal that Greece needs to avoid defaulting on a debt repayment next week.

 

 

 

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