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 2nd 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 2nd 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 2nd 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 2nd 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 2nd 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 31st 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 31st 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 31st 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 level of a diffusion index based on surveyed purchasing managers in the Chicago area.
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 31st at 9:45am 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 number of individuals who filed for unemployment insurance for the first time during the past week.
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? December 31st at 8:30am Eastern Time.
Trading Tip: If the number is lower than the forecast, you can expect the USD to rise.
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US markets finished mixed. Sentiment was hit by worries over economic stability in Europe following a third parliamentary election which failed to appoint a new President.
Asian markets declined across the region. During its last trading day of 2014, the Nikkei lost 1.57% as the Yen strengthened following a tax cut on corporate income.
European markets are lower today due to falling oil prices and uncertainty regarding Greece. Greece is now headed for elections and the parliament will be dissolved after the Prime Minister failed to convince parliament to vote in a new President. Investors are worried that the far left party could take power and renegotiate the terms of their bailout. They could also reverse economic reforms and hurt recovery in the Euro zone as a whole.
Oil dropped to a new 5 year low of $53/barrel in anticipation of weekly supply data. The price has decline 50% since June as supplies have been climbing and demand is not on the upside. Energy companies are now struggling with the lower prices and so producers may be forced to cut output to lower prices.
Gold dropped yesterday as the Dollar strengthened and the US stock market rallied for seven consecutive sessions. The price rebounded today as the Dollar declined against the Yen and global stocks declined on instability fears from Greece. Pay attention to US CB Consumer Confidence data at 3:00pm GMT.
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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 Stumble
US stock futures are pointing to a soft start as the price of oil continues to fall.
Crude oil futures are trading below $53 a barrel as worries about a global supply glut resurface.
Energy stocks, including Transocean (RIG), were under pressure in premarket trading.
Oil prices have nearly halved this year on concerns about elevated supplies and weak global demand, and this has dented investor confidence over the past few months.
2) International Markets
It's a sea of red across global markets.
European markets are losing ground in early trading as investors consider the potential consequences of an upcoming election in Greece. Stocks in Athens were down slightly.
Major Asian markets closed lower. Japan's Nikkei index dropped 1.6% on its final trading day of the year, while Hong Kong's Hang Seng closed with a loss of 1.1%.
3) Economic Updates
The Case-Shiller 20-city index, which measures the health of the US housing market, will be released at 9:00am ET.
The Conference Board's consumer confidence index comes out at 10:00am.
4) Monday Market Recap
Stocks were little changed Monday -- with the Dow Jones industrial average down 0.1%, the S&P 500 up 0.1% and the Nasdaq steady -- but the indexes remain on track to post healthy gains for 2014. The Dow and S&P indexes are currently trading near record highs.
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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 30th at 8:45am 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 total value of new credit issued to consumers and businesses.
Borrowing and spending are positively correlated - consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money.
When? December 30th at 7:30am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the AUD to rise.
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What is it? It checks the level of a composite index based on surveyed households.
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? December 30th 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 selling price of single-family homes in 20 metropolitan areas.
It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity.
When? December 30th at 9:00am 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 average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction.
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
When? December 30th at 4:00am Eastern Time.
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