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Reuters / Ronen Zvulun / Photo File
Here is what you need to know.
- The ECB does not like the idea of a merger between Deutsche Bank and Commerzbank. "I do not particularly like the idea of national champions, European champions, especially when you are a supervisor, you should not promote any particular structural result," said Andrea Enria, president of the Single Supervisory Mechanism from the European Central Bank, to the Financial Council. Time.
- Deal with delays 2018. Mergers and acquisitions worldwide reached $ 345.3 billion in 2019, compared with more than $ 500 billion at the same time last year. Take a look at the nine largest contracts this year.
- The next income recession could tilt the stock. The stock market rebounded during the 2015-2016 recession, but Morgan Stanley's chief US equity strategist, Mike Wilson, explains eight reasons why stocks will not be so lucky.
- The SEC retaliates against Elon Musk. The Securities and Exchange Commission said that Musk's tweet in February on Tesla's production figures was a "blatant violation" of its court settlement and that it was "amazing to learn" that he had not yet received the approval of his publications on Twitter.
- A massive cyber attack has hit one of the largest aluminum companies in the world. Norwegian aluminum producer and renewable energy provider Norsk Hydro said that "the computer systems of most business sectors had been affected" but that he was not yet aware of The extent of the attack.
- Tilray has strong sales. The cannabis producer saw its revenues rise by 110%, reaching $ 43.1 million in 2018, while its annual losses widened to $ 0.82 per share.
- The Fed meets. Traders expect a probability of only 0.8% that the Federal Reserve raises interest rates Wednesday after its two-day meeting.
- Stock markets around the world are generally higher. Hong Kong's Hang Seng (+ 0.19%) outperformed in Asia, while the German DAX (+ 0.58%) led the way in Europe. The S & P 500 index should post an increase of 0.33% to nearly 2,842.
- The income statement remains light. FedEx and Tencent Music report after markets close.
- US economic data continues to arrive. Factory orders and durable goods orders will run through the wires at 10:00 am ET. The 10-year US rate was down 1.1 basis points to 2.59%.
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