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4 Tips for Today’s Trading - 09/02

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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) Greek Drama Continues

Greek Prime Minister Alexis Tsipras reaffirmed his rejection of the terms of an international bailout, putting the country on course for a showdown with its European creditors at an emergency meeting on Wednesday.

The benchmark index in Athens was down 5%, and Greek 10-year bond yields widened sharply to 11% as investors prepared for a lengthy standoff.

Adding to the drama, former Fed chairman Alan Greenspan told the BBC that Greece's exit from the Eurozone was just a matter of time.


2) World Markets Sink

All European markets started the week lower, pulled down by fears about the clash with Greece over its debt. Asia was a more mixed picture.


3) Investors like European QE

Europe's losses came despite a new survey by Sentix research showing investors have become increasingly bullish about the Eurozone in February following the European Central Bank's decision to pump billions into the system through a QE program.


4) Stocks to Watch

Toymaker Hasbro (HAS) will report earnings before the opening bell, as will Masco Corporation (MAS).

HSBC (HSBC) came under fire in Europe following accusations that it had helped clients hide $100 billion in Swiss bank accounts. Its shares were trading 1.5% down in London Monday morning.

 

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