US markets finished mixed. Sentiment was hit by worries over economic stability in Europe following a third parliamentary election which failed to appoint a new President.

Asian markets declined across the region. During its last trading day of 2014, the Nikkei lost 1.57% as the Yen strengthened following a tax cut on corporate income.

European markets are lower today due to falling oil prices and uncertainty regarding Greece. Greece is now headed for elections and the parliament will be dissolved after the Prime Minister failed to convince parliament to vote in a new President. Investors are worried that the far left party could take power and renegotiate the terms of their bailout. They could also reverse economic reforms and hurt recovery in the Euro zone as a whole.

Oil dropped to a new 5 year low of $53/barrel in anticipation of weekly supply data. The price has decline 50% since June as supplies have been climbing and demand is not on the upside. Energy companies are now struggling with the lower prices and so producers may be forced to cut output to lower prices.

Gold dropped yesterday as the Dollar strengthened and the US stock market rallied for seven consecutive sessions. The price rebounded today as the Dollar declined against the Yen and global stocks declined on instability fears from Greece.  Pay attention to US CB Consumer Confidence data at 3:00pm GMT.

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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:

1) Futures Stumble

US stock futures are pointing to a soft start as the price of oil continues to fall.

Crude oil futures are trading below $53 a barrel as worries about a global supply glut resurface.

Energy stocks, including Transocean (RIG), were under pressure in premarket trading.

Oil prices have nearly halved this year on concerns about elevated supplies and weak global demand, and this has dented investor confidence over the past few months.

2) International Markets

It's a sea of red across global markets.

European markets are losing ground in early trading as investors consider the potential consequences of an upcoming election in Greece. Stocks in Athens were down slightly.

Major Asian markets closed lower. Japan's Nikkei index dropped 1.6% on its final trading day of the year, while Hong Kong's Hang Seng closed with a loss of 1.1%.

3) Economic Updates

The Case-Shiller 20-city index, which measures the health of the US housing market, will be released at 9:00am ET.

The Conference Board's consumer confidence index comes out at 10:00am.

4) Monday Market Recap

Stocks were little changed Monday -- with the Dow Jones industrial average down 0.1%, the S&P 500 up 0.1% and the Nasdaq steady -- but the indexes remain on track to post healthy gains for 2014. The Dow and S&P indexes are currently trading near record highs.

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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? December 30^th at 8:45am Eastern Time.

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

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