Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. China Slows
The world's second largest economy grew at its slowest pace in six years, intensifying pressure on the government to boost stimulus measures. China's GDP expanded by 7% in the first three months of 2015. That was in line with expectations but down from 7.3% in the fourth quarter of 2014.
2. ECB Meeting
The European Central Bank is expected leave interest rates at ultra-low levels when it delivers a policy update later Wednesday. Investors will be looking for comments from President Mario Draghi on the outlook for its massive bond buying program launched last month in a bid to boost the economy.
They'll also pay close attention to Draghi's remarks on the state of talks with Greece over its bailout program. Greece needs to reach a deal on economic reforms with its European creditors and the IMF by the end of April or face default on its massive debt.
3. Earnings and Economics
Bank of America (BAC), PNC (PNC) and Delta Airlines (DAL) will report ahead of the open. Netflix (NFLX, Tech30) delivers its results after the close.
On the economic front, the NAHB/Wells Fargo Housing Market Index will be updated at 10 a.m. ET. The Federal Reserve will publish its Beige Book report on the economy at 2 p.m. ET.
4. International Markets Overview
European markets were rising in early trading. Burberry (BBRYF) was a notable mover, with shares up 2% in London trading, after the luxury goods maker reported a rise in second half sales.
Most Asian markets finished with modest losses, though China's Shanghai Composite dropped 1.2% on the fall in GDP.
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