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

Get ready for the U.S. jobs report, the single most important economic release of the month. 


1) Jobs report

The federal government is releasing its much-anticipated July employment report at 8:30 a.m. ET.

Reaction to the report could move stocks and currency markets around the world.

The expectation is that the Labor Department will say that 216,000 new jobs were created last month. That would be a slight drop off from June when the economy added 223,000 jobs. But ultimately, anything over 200,000 is considered a "good" number, indicating a healthy economy.

Experts expect the unemployment rate to stay steady at 5.3%. When it dropped to that level in June, it was the lowest rate since April 2008.

Year-over-year wage growth is expected to increase to 2.1%, up from 2% in the last report.

The Federal Reserve will keep a close eye on the new numbers. The central bank has been hinting at a rate increase for months, and a strong jobs report could clear the way for that hike to happen in September.


2) Stock slump

U.S. stock futures are holding steady ahead of the jobs report.

If the Dow Jones industrial average posts another fall Friday, that would mark the seventh consecutive trading day of declines.

The Dow has dipped by 2.3% since the start of the year. But the S&P 500 and NASDAQ are still in positive territory over the same period.

Asian markets ended with mixed results. Meanwhile, European markets are mostly declining in early trading.

"Disappointing French and German industrial production figures, posted before European markets started trading, have ensured a dominance of red on trading screens," explained Alastair McCaig, a London-based market analyst at the broker IG.

Greek markets are stabilizing after a week of heavy losses.


3) Market mover

Nvidia: Shares in Nvidia (NVDA, Tech30), a graphics company, are shooting up by about 10% premarket after the firm released better-than-expected earnings Thursday night.


4) Earnings

Quarterly earnings from companies including Hershey (HSY), Sotheby's (BID), Cablevision (CVC) and Groupon (GRPN) are coming out ahead of the open.

After the close, Berkshire Hathaway (BRKB) will report results. The company -- led by billionaire Warren Buffett -- is the fourth largest company in the U.S. and has invested significantly in Kraft Heinz (KHC), Goldman Sachs (GS) and Coca-Cola (KO).

 

 

 

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What is it? This is the earliest data related to labor inflation. Source changed series calculation formula as of Feb 2010. It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? At 8:30am Eastern Time.

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

 

 

 

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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When?  At 8:30Am Eastern Time.

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

 

 

 

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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 10:00am 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? This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts.

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? It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

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? It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.

When? At 2:30am Eastern Time.

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

 

 

 

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1) The Bank of England pointed to a possible increase in interest rates early next year, after only one of its top policymakers backed an immediate move and the Bank forecast a slow pick-up in inflation from zero thanks to a strong pound.

2) International Business Machines Corp (N:IBM) said it would buy Merge Healthcare Inc (O:MRGE), which provides medical images and clinical systems, in a $1 billion deal. Merge Healthcare shareholders will get $7.13 per share at a premium of 31.8 percent over Wednesday's close, the companies said.

3) U.S. oil futures fell to the lowest level in more than four months on Thursday, while Brent traded close to a six-month low, amid perceptions that a global supply glut may stick around for much longer than once anticipated.

4) U.S. stocks opened little changed on Thursday as investors took to the sidelines ahead of Friday's jobs data, which could signal the timing of an interest rate hike.

5) The U.S. dollar was steady against its Canadian counterpart on Thursday, hovering near the previous session's 11-year high after data showed that U.S. jobless claims rose less than expected last week.

 

 

 

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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:

 

Brace yourself for some big-name stocks like Tesla to swing wildly this morning when trading gets underway.


1) Major movers

Tesla, Mondelez, Keurig, Transocean: Shares in Tesla (TSLA) are set to fall by roughly 6% at the open after the company warned that it might not deliver as many electric vehicles in 2015 as it originally expected.

Mondelez (MDLZ) shares are set to rally by about 8% after investment firm Pershing Square, led by activist investor Bill Ackman, announced it had bought a 7.5% stake in the food firm.

Quarterly earnings from Keurig (GMCR) sent its stock price plummeting nearly 30% in extended trading. It reported weak sales and plans to lay off more than 300 workers.

And shares in Transocean (RIG) are rallying by 6% premarket after the oil services firm reported better-than-expected earnings late on Wednesday. 


2) Media slump continues

Investors were selling media stocks Wednesday, and that downward momentum could continue into Thursday.

The selling was apparently triggered by anxiety about cable customers ditching their subscriptions.

21st Century Fox (FOX) and CBS (CBS) reported earnings after the closing bell Wednesday. Both companies did better than analysts were expecting, yet both companies' stocks were down in after-hours trading. 


3) Earnings

Sea World (SEAS), Build-A-Bear (BBW), Cinemark (CNK), New York Times (NYT), Orbitz (OWW), Rio Tinto (RIO), Michael Kors (KORS), Adidas (ADDDF) and Viacom (VIA) are among the companies reporting quarterly earnings this morning.

After the closing bell, companies including Zynga (ZNGA), Post (POST) and Overstock.com (OSTK) are expected to report. 


4) Economics

Weekly unemployment claims data will be released by the U.S. government at 8:30 a.m. ET. At 10:30 a.m. commodity traders will get to see the latest data on natural gas inventories.

In the U.K., the Bank of England is issuing its decision on interest rates Thursday, as well as publishing the minutes from its rate meeting and releasing an inflation report.

Economists don't expect the central bank to change its rates, but they're excited for the data drop nonetheless.

"The Bank of England [is] ... overloading economists with goodies and producing a sugar-induced moment of hyperactivity," said Paul Donovan, a senior economist at UBS.

 

 

 

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