Another day of trading is slowly developing.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Global market overview
1. Global market overview
It's looking like we may have another calm, summer trading day on our hands.
U.S. stock futures are edging up. European markets are rising in early trading, while Asian markets ended the day with mixed results.
Trading was a bit bumpy on Monday but the markets ended the day little changed. The Dow Jones industrial average and the S&P 500 each shed 0.1%, while the Nasdaq notched a 0.1% gain.
2. Stocks to watch
2. Stocks to watch
Shares in Monsanto (MON) look set to jump at the open based on a Bloomberg report that the American company is getting closer to agreeing to be bought by Bayer (BAYRY). Monsanto rejected earlier Bayer bids on at least two occasions, but indicated it was open to a deal at a better price.
Shares in Alphabet (GOOGL, Tech30) may be under increased scrutiny after a new filing released Monday showed the CEO of Alphabet's Google unit - Sundar Pichai - sold $3.1 million worth of his shares in the company.
Investors are often wary when top execs sell large chunks of their holdings because it may indicate a lack of faith in the company.
3. USD drops amid Fed rate hike uncertainty
3. USD drops amid Fed rate hike uncertainty
The dollar was lower against most of the major currencies on Tuesday, including the JPY, EUR and GBP, as markets looked ahead to a speech by Federal Reserve Chair Janet Yellen later this week that could shed light on the timing of a U.S interest rate hike.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 94.40 early Tuesday, pulling back from the prior session's high of 94.94 but still keeping distance from last week's eight-week low of 94.05.
Investors are pricing in an 18% chance of a rate hike by September, up from 12% at the start of last week. December odds were at around 50%.
4. Economics
4. Economics
Financial information provider Markit is releasing a range of economic data Tuesday that demonstrates the health of the manufacturing and services sectors in countries around the world.
The latest Markit data showed the eurozone experienced healthy growth in services and manufacturing output in August. And manufacturing output in Japan also increased slightly this month, the first increase since February.
Similar Markit data for the U.S. is expected at 14:45GMT.
And the U.S. Census Bureau will release new home sales data at 15:00GMT.
