US markets climbed and reached record levels again. Energy, Materials and Industrials shares gained as oil prices rebounded slightly.

Asian markets were higher across the region. The Nikkei gained 0.94% as the Dollar continued to appreciate against the Dollar nearing the key psychological level of 120.

European markets are mixed today ahead of the ECB interest rate decision and press conference. Markets expect that a decision could be made to increase stimulus. The report will be released at 12:45pm (GMT) and the conference will be at 1:30pm (GMT).

Oil gained slightly after the EIA reported a bigger than expected decline in inventories. Crude inventories dropped by 3.7 million barrels during the past week, however, distillates and gasoline inventories climbed. OPECs decision still lingered on the market and the price is expected to decrease further unless production is cut.

Gold is ranging despite the stronger Dollar. Traders are hesitant ahead of the NFP report which will be released on Friday after a number of mixed reports this week. It is still expected that interest rates could be increased sooner but as stated by Fischer earlier in the week, any changes will be dependent on data.

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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) More Stimulus?

There's a slim chance the ECB will use its last meeting of the year to announce more help for the stagnant Eurozone economy. More likely is a strong hint, perhaps even a promise, from President Mario Draghi of more action to come early in 2015.

The central bank will cut its forecasts for Eurozone growth and inflation at Thursday's meeting.

Most major European markets were narrowly firmer in early trading. The euro was becalmed versus the dollar, having lost 10% so far this year to trade at a two-year low.

Asian markets posted clear gains.

2) Oil Prices Steady

After a turbulent few weeks, oil prices look to be stabilizing. US crude futures were slightly higher at nearly $68 a barrel.

The sharp fall this year is damaging high cost producers but generating a windfall for consumers and drivers. Gas prices for a lucky few have even fallen below $2 a gallon.

3) Stock Market Movers

General Motors: Shares in GM (GM) were trading about 2% firmer premarket. News about GM has improved recently after a months of damaging recall headlines.

4) Futures Flat

US stock futures were little changed. US stocks rose to new record highs again Wednesday.

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

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 4^th at 10:00am Eastern Time.

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

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