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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 Monday morning and Greek markets are tanking, down about 20%.

It can only get better from here, right?

1) Greek market freak out

Greece's stock market reopened after being shut for more than a month due to the country's financial crisis.

Traders started selling immediately and the overall market dropped by 23% in the first few moments. Shares in the country's big banks fell by about 30%.

A bailout for Greece -- worth about 86 billion euros ($94 billion) -- has been agreed in principle with Greece's eurozone partners. But the finer details still have to be hammered out.

Greek markets have been highly volatile this year.

2) Another fall in China

Chinese stocks continued their recent move lower Monday.

The Shanghai Composite dipped by 1.1% and the Shenzhen index dropped 2.7% after fresh data showed China's factory sector slumped in July.

Chinese markets were the best performers earlier in the year, but have since come back to earth. The Shenzhen has fallen by about 35% since mid June, having soared by 120% since January.

The weak manufacturing data from China is likely spooking oil traders. Crude oil futures are down by nearly 2% to trade around $46.40 a barrel.

All Asian markets -- except for India -- dropped Monday. 

3) Other markets calm

U.S. stock futures are little changed Monday morning. European markets are mostly edging up in early trading, although London's FTSE is flat. 

4) Earnings

Companies including Tyson Foods (TSN), Loews (L) and Frontier Communications (FTR) will report quarterly earnings ahead of the open.

Allstate (ALL), Chegg (CHGG) and Denny's (DENN) are among the companies reporting this afternoon once markets are closed.

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What is it? The goods portion has limited impact because it's a duplicate of the Goods Trade Balance data released about 5 days earlier. A positive number indicates that more goods and services were exported than imported. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? At 9:30pm Eastern 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? Released monthly, about 35 days after the month ends. This is the earliest look at vital consumer spending data.

When? At 9:30pm Eastern 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 leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

When? At 10:00am Eastern Time.

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

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

When? At 4:30am Eastern Time.

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

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook: