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

 

1. Stock market overview

U.S. stock futures are moving higher and most European markets are firmer in early trading.

Asian markets ended with mixed results, but the Shanghai Composite stood out after shooting up by nearly 5% Monday. Investors appear to be betting even more heavily that China will take measures to stimulate its economy after another batch of weak data.

On Friday, the main U.S. stock markets closed the month of May with a loss. The Dow Jones industrial average declined by 116 points, the S&P 500 fell 0.6% and the Nasdaq closed 0.6% lower.

 

2. Market movers -- Altera, AstraZeneca, Roche

Shares in Altera (ALTR) are rallying by about 8% premarket as reports say Intel (INTC, Tech30) will soon announce a takeover deal for the company worth roughly $17 billion. Intel will reportedly pay $54 per share.

Shares in AstraZeneca (AZN) and Roche (RHHBF) are rising by about 2% in Europe after each company reported encouraging results from tests of new cancer treatments. Reports from the American Society of Clinical Oncology annual conference in Chicago suggest the clinical trials could reflect a major breakthrough in using the body's immune system to treat cancer.

 

3. Greece's problems rumble on

Investors are keeping an eye on Greece this week as the country approaches another debt deadline on Friday. Many doubt whether the country will have enough money to repay its debts this month.

"Early June payments are likely to be made but the chances that enough cash can be found under mattresses or behind cupboards to get through the whole month are remote," said Kit Juckes, a market strategist at Societe Generale.

Meanwhile, traders are expressing concern about the Greek prime minister's opinion article in French newspaper Le Monde, where he accused "certain institutional actors" of "submitting absurd proposals" that are hurting Greece.

The euro was slightly weaker against the dollar.

 

4. Economics

New data out of Europe showed the manufacturing sector continues to improve, as previously forecast.

In the U.S., the government will publish personal income and spending numbers at 8:30 a.m. ET.

New U.S. monthly manufacturing data will be released at 10 a.m.

 

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What is it? It checks the change in the total value of employment income collected by workers.

Income is correlated with spending - the more disposable income consumers have, the more likely they are to increase spending.

When? June 1st at 9:30pm Eastern Time.

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

 

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

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.

When? June 1st at 10:00am Eastern Time.

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

 

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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:

{sl_advpoll id='1' width='250' center='1' title='POLL'}

1. Don't sell in May

Anyone following the market mantra "Sell in May and go away" would have missed out on some decent gains this month.

The Dow Jones industrial average and S&P 500 are both up by about 1.6%, and the Nasdaq has surged by 3.2%.

But it doesn't look like the indexes will hold onto all those gains on the final trading day of the month.

U.S. stock futures are edging down ahead of the open.

 

2. International markets overview

European markets are all declining in early trading, with renewed nervousness about the fate of Greece setting the tone. A German newspaper quoted the head of the International Monetary Fund as saying that it was possible Greece would have to leave the eurozone.

In Germany, the benchmark Dax index is declining by about 1%.

Asian markets ended with mixed results. The mood in China has calmed down after a large pullback Thursday, following stellar gains so far this year.

Hyde Chen, an equity analyst at UBS Wealth Management, said profit taking, as well as investors holding back ahead of a rush of IPOs next week, had contributed to the volatility.

 

3. GDP galore

The U.S. Bureau of Economic Analysis will release a new estimate for first quarter GDP at 8:30 a.m. ET. The original estimate showed the U.S. economy grew by just 0.2% in the first three months of the year, which was well below expectations. Many now predict the economy may have actually shrunk in the first quarter.

Friday also saw disappointing GDP readings from Switzerland and Sweden. The Swiss economy contracted by 0.2% in the first quarter after a sharp appreciation in the currency slammed exports.

Many economists are also expecting a negative reading for Brazil's GDP, which is set for release Friday.

 

4. Earnings and economics

Big Lots (BIG) is reporting ahead of the open.

The University of Michigan will update its monthly consumer sentiment index at 10 a.m. ET.

 

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

 

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