Investors are waiting for the U.S. GDP for more clues on the strength of the economy.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Markets in a bad mood?
1. Markets in a bad mood?
It's looking like a down day in the markets.
U.S. stock futures are sinking, European indexes are falling in early trading and most Asian markets closed the week with losses.
This follows a global bond market sell-off, though things now seem to have stabilized a bit.
2. U.S. GDP ahead
2. U.S. GDP ahead
The Bureau of Economic Analysis is reporting its first estimate of U.S. gross domestic product for the third quarter at 12:30GMT.
Economists expect growth picked up pace to 2.5% in the latest quarter.
3. Market movers and earnings
3. Market movers and earnings
Shares in Amazon are getting slammed after the company reported worse-than-expected quarterly results. This put a dent in the image of a company that seemed like it could do no wrong in recent months.
Shares in beer giant Anheuser-Busch InBev (BUD) are slipping about 4% in Europe after the company reported results that came in below expectations.
Shares in Google's parent company Alphabet (GOOGL, Tech30) are set to jump a bit at the open after reporting a surge in sales and profit in the latest quarter.
And shares in Baidu (BIDU, Tech30) are dipping premarket after the company posted a slight decline in quarterly sales and forecast that revenue will continue falling in the current quarter.
Shares in Baker Hughes (BHI) are spiking in extended trading after the Wall Street Journal reported that General Electric (GE) was looking to buy the firm.
But enthusiasm faded a bit after General Electric said in a statement it was "in discussion with Baker Hughes on potential partnerships... [but] none of these options include an outright purchase."
Exxon Mobil (XOM), Chevron (CVX), Goodyear Tire (GT), Hershey Foods (HSY) and Mastercard (MA) are set to release earnings before the open Friday.
4. Mexico is all for Clinton
4. Mexico is all for Clinton
According to a Reuters survey of fund managers, Mexico's peso could gain nearly 5% if Hillary Clinton wins the U.S. presidency, even after a significant rally in the currency as polls showed her rival Donald Trump falling behind.
As Trump, a Republican, began gaining in polls in August, the peso tumbled, sinking to a record low near 20 per dollar in mid-September on fears Trump could win and enact economic policy designed to hurt the flow of Mexican trade and remittances.
