Money Flows before the start of the day - what will the Pro Traders watch out for

After Wall Street wiped out all its profits and closed down below zero, a wave of red plunged Asian assets, which are currently trading in a negative territory. Now, this negativity is also being transported to Europe, where the major stock indices will open at a loss.

The lack of important economic news in Europe suggests that the main catalyst for the day will be commercial speculation. The renewed tensions of this front do not give investors peace and soothe their optimism, which prevents cash flow from entering risky assets such as stocks.

However, there are still some interesting events beyond the obvious and well-known commercial rhetoric that we will be watching with interest today.

Falling sales of Dick's Sporting Goods

The company is expected to report earnings of 59 cents per share and sales of about $ 1.9 billion, according to analysts' estimates. The company is under the influence of Beijing-Washington trade attacks. Shares fell 2.3% yesterday, but still up 14.7% for the year.

Citigroup last month set a "neutral" rating and a $ 40 pricing target, highlighting increased competition that will continue to weigh on margins.

Abercrombie & Fitch is expected to report losses of 43 cents per share, with sales at about $ 733.4 million. Shares are up 24.7 percent for the year.

Stocks of the API at the beginning of the "Driving Season"

Oil survey data from the US Oil Institute, which showed a surprising fifth consecutive construction last week, are likely to be seen on Wednesday, as the oil price war between the ongoing US-China trade war and growing tensions in the Middle East continue to exist.

"The escalating trade war has contributed to the pressure of oil prices, but tensions with Iran and oil tanker attacks and other risks keep oil strong," said Phil Flynn of Price Futures in Chicago. Oil prices in the United States could be set to increase profits in the near future after the start of the US driving season, which typically involves an increase in fuel demand, which leads to rising prices.

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