Hello friends and Coins2Day readers.
Welcome to another week — one in which earnings season gets into full swing, with reports expected from big banks such as Citigroup (C), Bank of America (BAC) and Goldman Sachs (GS). There are also a few tech companies reporting, such as Google (GOOG), eBay (EBAY) and Netflix (NFLX). And investors will be keeping an eye on the market after a major sell-off on Friday that pulled the Dow Jones index into negative territory for 2014.
Here’s what else you need to know about today.
1. Has calm returned to the markets?
U.S. Stocks look set to open little changed Monday after a market rout last week that saw the S&P 500-stock index suffer its worst weekly drop since May 2012. In Europe, stocks have taken a pause following their steep three-week sell-off.
2. Nobel for economics announced
Early this morning the Royal Swedish Academy of Sciences announced that this year’s Nobel prize for economics has been awarded to French economist Jean Tirole, a professor of economics at Toulouse University, who won for his “analysis of market power and regulation.”
3. Hong Kong protests continue
The pro-democracy protests in Hong Kong are entering a third week. Earlier today, a crowd tried to charge the barricades used by protesters occupying part of Hong Kong’s downtown region.
4. Fiat arrives on Wall Street
Fiat Chrysler Automobiles will make its Wall Street debut Monday to great fanfare as the carmaker moves its center of gravity away from Italy. The world’s seventh-largest auto group sought the U.S. Listing to help to establish itself as a leading global player through access to the world’s biggest equity market and the cheaper, more reliable source of funding it ultimately offers.
5. Eyes on Italy
Speaking of Italy … Italian eyewear group Luxottica will be in focus today after its shares slumped following news that the company’s new chief executive, Enrico Cavatorta, is set to leave after just six weeks in the job.
—Reuters contributed to this report.
