Global markets are looking for a clear direction.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Global markets are looking for a clear direction.
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
Traders around the world seem uncertain about whether to buy or sell.
U.S. stock futures are not making any major moves.
European markets are mixed in early trading. Most Asian markets ended the day with gains.
This follows a week where U.S. stocks dropped and then slowly climbed back up. The Dow Jones industrial average ended the week with a 0.1% dip. The S&P 500 and Nasdaq each edged up by 0.1% over the week.
2. Dollar rebounds from recent losses
2. Dollar rebounds from recent losses
The U.S. dollar bounced back on Monday, as investors pondered how the latest U.S. jobs report will affect the pace of Federal Reserve interest rate hikes this year.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.3% at 99.99 by 10:55GMT. It fell to a more than two-month low of 99.19 last week.
U.S. employers added 227,000 workers in January, the biggest gain in a month since September. However, unemployment edged up to 4.8% as more people looked for work, and the pace of wage growth slowed. The weak wage growth was seen as weakening the case for near-term interest rate hikes.
3. Gold hit 12-week highs
3. Gold hit 12-week highs
Gold prices gained on Monday, rising toward the highest level in about 12 weeks as investors sought the perceived safety of the yellow metal amid growing concerns over political risks around the globe.
Investors continued to buy in to gold as they eyed political risk elements with President Donald Trump's administration on the back foot over its immigration and other policies.
Meanwhile, in the euro zone, traders are monitoring developments in countries where anti-establishment movements are gaining traction ahead of elections.
4. Earnings
4. Earnings
Wall Street will hear from Hasbro, Tyson Foods and Loews ahead of the U.S. open.
Then after the trading day wraps up, media conglomerate 21st Century Fox is scheduled to report.
Toyota reported quarterly earnings that showed the automaker was selling more vehicles but making less money, in part due to the strengthening Japanese currency.
Shares in Tiffany could be on the move on Monday morning after CEO Frederic Cumenal resigned in the wake of lousy financial results.
He will be temporarily replaced by board chairman and former CEO Michael Kowalski as the company looks for a successor.