Market Watch: 10 stock cues to help you trade better today

It was a topsy-turvy trade which saw indices losing their footing in mid-trade, before getting back into positive territory. So, what's in store for market today? Read on for more.

European Markets

European markets ended with over 1% cuts as the rally appeared to be running out of steam on China slowdown fears and mixed US economic data.

Mining stocks too saw steep corrections following comments by BHP Billiton that they saw flattening iron ore demand in China. Another indicator of these concerns was the way auto manufacturers like BMW and Daimler sold off seeing cuts of close to 4% and the auto index closed at its lowest in two weeks.

Europe Closing: DAX down 1.4%; CAC down 1.3%; FTSE down 1.2%

US Markets

In the US, stocks opened lower and moved little during the session finally wrapping up the day in negative territory amid worries over China's economic outlook. Investors decided to take a breather following the recent market rally which led to the S&P 500 snapping its three-day winning streak. All three indices are still above their psychological mark however and well on track to post one of their best quarters in over a decade.

US Closing: S&P down 0.3% at 1405.5, Dow Jones down 0.5% at 13170; Nasdaq down 0.1

Fed chairman Ben Bernanke said Europe's financial troubles have eased, adding that the US central bank would be ready to act if conditions worsened again, according to written testimony to Congress.

He stressed that a full resolution of the crisis