What is it? This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes.

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 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 USD to rise.

 

 

 

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1. A gauge of U.S. business investment plans posted its largest increase in just over a year in July, underscoring the durability of the economic recovery despite a slowing global economy.

2. U.S. stocks opened sharply higher on Wednesday, with all three major indexes up about 2 percent, after data showed durable goods orders rose more than expected in July.

Analysts had expected a fall of 4 percent. Orders for core capital goods, a proxy for business investment, rose 2.2 percent - the biggest gain in 13 months.

3. An influential Federal Reserve official did not comment on monetary policy or the U.S. economy, according to text of a speech on Wednesday that addressed the economic recovery in his region of the country.

4. Greek President Prokopis Pavlopoulos is expected on Friday to call a snap election for next month, an official at the presidency told Reuters, ending fruitless coalition efforts among parties deeply divided over the country's new bailout.

5. The euro was down more than 1% against the dollar on Wednesday after a senior European Central Bank policymaker warned that the risks to its short-term inflation target have increased and hinted at fresh easing to combat deflation.

EUR/USD was down 1.16% to 1.1386, extending its pullback from the eight-month highs of 1.1713 hit on Monday.

 

 

 

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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:

World markets are falling again. Prepare for another bumpy ride.

Chinese stocks bounced around Wednesday before ending weaker for the fifth day running. Stock futures are signaling that U.S. markets should open with a gain of about one percent, but Europe is firmly in the red.

 

1) China drops again

 

China announced a new round of measures designed to boost the economy late Tuesday, cutting interest rates and allowing banks to lend more. But the bold move failed to prevent further losses. Shanghai Composite closed 1.3% down Wednesday, while the Shenzen Composite lost 3%.

The central bank also said after the market close that it would lend commercial banks about $22 billion to boost liquidity in the short term in its first such move since February. 


2) Stock market movers

Harley-Davidson, Apple, Bank of America: Harley-Davidson (HOG) was one of the biggest gainers in after-hours trading, adding 3%. Transocean (RIG) wasn't so lucky. Its stock price tumbled more than 10%. PNC Financial (PNC) also dipped more than 5%.

A handful of stocks are gaining in premarket trading. Netflix (NFLX, Tech30) is up 3.6% and Bank of America (BAC) gained 2% early on Wednesday.

Apple (AAPL, Tech30), one of the most heavily traded stocks during this week's gut-churning turmoil, is up 2% premarket. 


3) Earnings and economics

Earnings reports from Abercrombie & Fitch (ANF), Express (EXPR) and Frontline (FRO) are expected ahead of the opening bell.

After the market closes, another crop of companies including Williams-Sonoma (WSM) and Guess (GES) will report.

A report from the U.S. government on orders placed with U.S. manufacturers is expected at 8:30 a.m. ET. Analysts look to that report to gauge private sector activity and business spending.

More gloomy data came from the World Trade Monitor, which reported the biggest fall in trade in the first half of the year since the global financial crisis. 


4) International markets overview

 

European markets are down again in early trading.

The FTSE 100 in London tumbled 1.5% after the opening bell, while Germany's DAX lost 1.3%, and continues to flirt with bear market territory. Several world markets are now trading more than 20% below their most recent peak.

Asian markets ended the session mixed. China and Hong Kong closed lower, while Japan's Nikkei gained 3.2% and Korea's Kospi 2.6%.

  

 

 

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

When? At 9:30pm Eastern Time.

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

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

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