Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Oil Falls, Stocks Hold Steady
US stock futures are pushing higher and global markets are mostly moving up after a few punishing days.
But keep an eye on oil prices: Crude futures in the US keep shifting lower and are now trading near $47 per barrel. The price of crude has more than halved since June as rising supply outstripped faltering demand.
2) Deflation in Europe
Official data shows consumer prices across the eurozone fell by 0.2% in December, marking the first time prices have fallen in the region since the Great Recession in 2009.
The figure was worse than most analysts were expecting. Eurozone inflation stood at 0.3% in November.
Falling prices could herald worse times to come for Europe's stagnant economy because they can encourage people and companies to hold off making purchases in the hopes of cheaper deals in the future.
The negative inflation numbers will also increase pressure on the European Central Bank to launch quantitative easing. The euro is stuck at a nine-year low against the dollar.
3) Expecting Earnings and Economic Data
Monsanto (MON) is among the key companies reporting quarterly results before the opening bell.
On the economic front, ADP will release monthly US employment numbers at 8:15am ET.
The minutes from the Fed's December meeting will be published at 2:00pm ET.
4) Tuesday Market Recap
Over the past trading day, the Dow Jones industrial average lost 130 points, while the S&P 500 slid 0.9% and the Nasdaq fell 1.3%.
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