What is it? It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.

When? At 5:00 Eastern Time.

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

 

 

 

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1) Wall Street opened higher on Monday, with the Dow looking to break a seven-day losing streak, after Warren Buffett's Berkshire Hathaway's $37.2 billion to buy Precision Castparts showed the M&A boom was alive and well. Adding to the positive sentiment, poor data out of China boosted hopes for additional stimulus from Beijing. Greek banks could get a first capital injection soon after a bailout deal is agreed, and before the ECB can conduct stress tests, a euro zone official told Reuters. (According to Reuters)

 

2) The euro was almost unchanged against the broadly stronger dollar in quiet trade on Monday, as expectations for higher U.S. interest rates continued to underpin demand for the greenback.

EUR/USD was last at 1.0964, little changed for the day. (According to Investing.com)

 

3) U.S. natural gas prices edged higher on Monday, as extreme heat spread across the southern half of the U.S., boosting demand expectations for the fuel.

Natural gas for delivery in September on the New York Mercantile Exchange jumped 4.3 cents, or 1.52%, to trade at $2.841 per million British thermal units during U.S. morning hours. (According to Investing.com)

 

4) ATHENS - Greece and international creditors sought to put final touches on a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days.

Greek ministers and representatives of European institutions and the International Monetary Fund resumed talks on Monday morning after a marathon session that ended in the pre-dawn hours. (According to 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:

There aren't many people in the world who can single-handedly move markets. But Warren Buffett is one of them.


1) The Buffett effect

Shares in airplane parts manufacturer Precision Castparts (PCP) are rising by about 13% premarket on expectations that Warren Buffett's firm Berkshire Hathaway (BRKB) is set to buy the company.

There are reports saying the deal could be worth more than $30 billion.

Berkshire already holds a 3% stake in the company, which is based in Portland, Oregon. 


2) Crude collapse

The price of oil touched its lowest point of the year this weekend, briefly dropping to about $43.40 per barrel. Crude has recovered slightly but is still trading below $44 per barrel.

The price of oil has declined by nearly 30% since mid-June. 


3) Summer slowdown

It's relatively calm across other global markets.

U.S. stock futures are holding steady, and the U.S. dollar is rising against a range of other currencies.

European markets are slipping in early trading.

Asian markets ended with mixed results, with Chinese stocks surging. The Shanghai Composite shot up nearly 5% Monday after enduring some extreme volatility over the past few months. 


4) Earnings updates

There are a handful of major firms reporting earnings after the closing bell, including Kraft Heinz (KHC) and Shake Shack (SHAK).

 

 

 

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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 9:30pm Eastern Time.

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

 

 

 

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What is it? Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

When? At 12:25pm Eastern Time.

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

 

 

 

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