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4 Tips for Today’s Trading - 14/05

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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. Shifting markets

U.S. stock futures are looking relatively solid ahead of the open and the global bond market has stabilized after a bout of volatility.

The U.S. dollar is dipping against most major currencies and the euro is strengthening.

European markets are mostly declining in early trading. Asian markets ended with mixed results.

Crude oil futures are dipping back down to around $60 per barrel. The price of oil has jumped by about 13% this year after plunging in 2014.

 

2. Another airbag recall

Honda (HMC) has recalled an additional 4.89 million cars equipped with possibly faulty airbags manufactured by Japan-based Takata (TKTDY).

Honda's recall comes one day after its Japanese counterparts Toyota (TM) and Nissan (NSANF) recalled 6.56 million cars of their own. Takata shares fell 5% in Tokyo.

 

3. Earnings and economics

Kohl's (KSS) and British soccer club Manchester United (MANU) are reporting ahead of the open.

Nordstrom (JWN) and El Pollo Loco (LOCO) will report after the close.

The U.S. government will report on weekly jobless claims at 8:30 a.m. ET.

 

4. Wednesday market recap

Wednesday was a mild day in the markets. The main U.S. indexes only made minor moves.

The Dow Jones industrial average lost 8 points, the S&P 500 was essentially unchanged and the Nasdaq edged up by 0.1%.

 

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