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

 1) International Overview

European markets were declining in early trading as a new report showed the European manufacturing sector had essentially stagnated at the end of the year.

The main indexes in France and Germany were both off by about 1%.

Some Asian markets were closed Friday, but those that were open registered gains for the day.

2) Economic Announcements

The ISM manufacturing index will be published at 10:00am ET.

At the same time, the US Census Bureau will release data on construction spending.

3) Ready For a Run

US stock futures are set for a mini surge Friday, rebounding from a drop right ahead of New Year's Eve.

4) Check on Commodities

Gold and oil prices were fairly steady in early trading.

Crude futures were trading near $53.50 per barrel. Gold prices were sitting at $1,185 per ounce.

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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? January 2^nd at 10:00am Eastern Time.

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

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What is it? It checks the change in the total value of new credit issued to consumers.

It's correlated with consumer spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money.

When? January 2^nd at 4:30am Eastern Time.

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

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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? January 2^nd at 4:30am Eastern Time.

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

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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? January 2^nd at 3:45am Eastern Time.

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

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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? January 2^nd at 3:15am Eastern Time.

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

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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 Bounce

US stock futures are pointing to modest gains to kick off Wednesday's session.

2) International Markets Overview

European markets are moving higher in a shortened trading day.

Investors in China gave stocks a year-end boost, while many other Asian markets were closed for the holidays.

Buoyed by new trading rules, policy action to support the economy and hopes of more stimulus, the Shanghai Composite was the world's best performing major market in 2014, climbing more than 50%.

3) Economic Update

It's a light day for economic news, with just weekly jobless claims due out from the US Department of Labor at 8:30am ET.

4) Tuesday Market Recap

It was a down day for US stocks Tuesday. The Dow slipped 0.3%, the S&P 500 dropped 0.5% and the tech-heavy Nasdaq shed 0.6%.

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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 31^st at 8:00pm Eastern Time.

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

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What is it? It checks the change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.

When? December 31^st at 10:30am Eastern Time.

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What is it? It checks the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.

It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.

When? December 31^st at 10:00am Eastern Time.

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

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