Stocks took a big fall on Monday but it's looking like they may claw back some lost ground today.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Market overview

 

U.S. stock futures are inching higher Tuesday, but global market sentiment remains cautious due to concerns about economic growth. "There's a great deal of investor concerns in the markets right now," said Jameel Ahmad, chief market analyst at FXTM.

Top worries include slowing growth in China, uncertainty over when the Federal Reserve will begin raising U.S. interest rates, depressed commodity prices and "continual concerns over the pace of economic recovery in both Japan and Europe," noted Ahmad.

European markets were mixed, and most Asian indexes skidded lower, led by a 4% plunge on Japan's Nikkei. On Monday, the Dow Jones industrial average fell 1.9%, the S&P 500 dropped 2.6% and the Nasdaq took a 3% hit, bringing its five-day loss to nearly 6%.


2. India rate cut boosts stocks

 

India's Sensex index was the exception in Asia on Tuesday, gaining about 1.5% after the country's central bank cut its key interest rate by 50 basis points.

It was a bigger than expected cut, and the fourth by the Reserve Bank of India this year. The bank said risks to growth were rising.


3. Stock market movers

 

Yahoo, Tesla, Glencore: Shares in Yahoo (YHOO, Tech30) are up nearly 3% in extended trading after the company revealed plans to go ahead with its Alibaba (BABA, Tech30) spinoff regardless of whether the IRS approves the plan.

Shares in Tesla (TSLA) could be on the move Tuesday as the company is set to begin deliveries of its new Tesla SUV, dubbed the Model X.

Shares in Glencore (GLNCY) are rebounding -- up about 9% in London -- after falling by 29% Monday. The mining and trading conglomerate has been crushed by falling prices for commodities and fears that China's slowdown will make matters even worse.


4. Economics

The latest Case-Shiller housing price index comes out at 9 a.m. ET, giving a snapshot of the health of the U.S. housing market.

Then the Conference Board will update its Consumer Confidence Index with a September figure at 10 a.m. ET.

 

 

 

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What is it? It's an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.

When? At 9:30pm Eastern Time.

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

 

 

 

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

When? At 8:00pm Eastern Time.

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

 

 

 

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What is it? As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? At 3:40pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

 

 

 

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