What is it? 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? At 9:00pm Eastern Time.

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

 

 

 

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What is it? As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? At 3:00pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.

 

 

 

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What is it? It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? At 8:30am Eastern Time.

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

 

 

 

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What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? At 8:15am Eastern Time.

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

 

 

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1. U.S. stocks open higher on Tuesday, recovering some of their previous day's losses stemming from a selloff in shares of biotechs and raw materials producers. The Dow Jones industrial average was up 29.23 points, or 0.18 percent, at 16,031.12, the S&P 500 was up 4.11 points, or 0.22 percent, at 1,885.88 and the Nasdaq composite was up 11.08 points, or 0.24 percent, at 4,555.04.

2. Volkswagen (XETRA:VOWG) announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests. New Chief Executive Matthias Mueller said the German carmaker would ask customers "in the next few days" to have diesel vehicles that contained illegal software refitted, a move which some analysts have said could cost more than $6.5 billion.

Europe's biggest carmaker has admitted cheating in diesel emissions tests in the United States and Germany's transport minister says it also manipulated them in Europe, where Volkswagen sells about 40 percent of its vehicles.

3. The dollar moved higher against the other major currencies on Tuesday, amid growing concerns over China's economy and despite uncertainty over a potential U.S. rate hike this year as investors eyed upcoming U.S. consumer sentiment data. The dollar was steady against the yen, with USD/JPY at 119.96.

4. U.S. consumer confidence improved to an eight-year peak in September, boosting optimism over the health of the economy and supporting the case for a U.S. interest rate hike this year, industry data showed on Tuesday.

5. Oil prices rose on Tuesday after evidence of tightening supplies in the United States, the world's biggest oil consumer, outweighed concerns for the health of the Chinese economy.

China's giant manufacturing sector is shrinking, economists say, as domestic demand falters, fanning worries that its economy may be slowing more sharply than feared. Asian stock markets skidded to 3-1/2-year lows on Tuesday and the dollar sagged.

 

 

 

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Stocks took a big fall on Monday but it's looking like they may claw back some lost ground today.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Market overview

 

U.S. stock futures are inching higher Tuesday, but global market sentiment remains cautious due to concerns about economic growth. "There's a great deal of investor concerns in the markets right now," said Jameel Ahmad, chief market analyst at FXTM.

Top worries include slowing growth in China, uncertainty over when the Federal Reserve will begin raising U.S. interest rates, depressed commodity prices and "continual concerns over the pace of economic recovery in both Japan and Europe," noted Ahmad.

European markets were mixed, and most Asian indexes skidded lower, led by a 4% plunge on Japan's Nikkei. On Monday, the Dow Jones industrial average fell 1.9%, the S&P 500 dropped 2.6% and the Nasdaq took a 3% hit, bringing its five-day loss to nearly 6%.


2. India rate cut boosts stocks

 

India's Sensex index was the exception in Asia on Tuesday, gaining about 1.5% after the country's central bank cut its key interest rate by 50 basis points.

It was a bigger than expected cut, and the fourth by the Reserve Bank of India this year. The bank said risks to growth were rising.


3. Stock market movers

 

Yahoo, Tesla, Glencore: Shares in Yahoo (YHOO, Tech30) are up nearly 3% in extended trading after the company revealed plans to go ahead with its Alibaba (BABA, Tech30) spinoff regardless of whether the IRS approves the plan.

Shares in Tesla (TSLA) could be on the move Tuesday as the company is set to begin deliveries of its new Tesla SUV, dubbed the Model X.

Shares in Glencore (GLNCY) are rebounding -- up about 9% in London -- after falling by 29% Monday. The mining and trading conglomerate has been crushed by falling prices for commodities and fears that China's slowdown will make matters even worse.


4. Economics

The latest Case-Shiller housing price index comes out at 9 a.m. ET, giving a snapshot of the health of the U.S. housing market.

Then the Conference Board will update its Consumer Confidence Index with a September figure at 10 a.m. ET.

 

 

 

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What is it? It's an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.

When? At 9:30pm Eastern Time.

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

 

 

 

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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? At 8:00pm Eastern Time.

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

 

 

 

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What is it? As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? At 3:40pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

 

 

 

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