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Alan Jope, the current head of the group's beauty and personal care business, will succeed him.
The Fed has been trying to find a balance between not going too fast and risking to shorten the longest expansion of the US economy compared to not moving too slowly and risking overheating of the economy.
Stock markets have recently fallen, partly because investors are worried that the Fed will raise its interest rates too aggressively.
The next big indicator could be Thursday: the central bank will publish the minutes of its November meeting at 14 hours. AND.
The alliance with the industry has been turned upside down by the arrest of Carlos Ghosn, who has been ousted from Nissan and Mitsubishi Motors' president duties as a result of allegations of financial misconduct.
The companies issued a joint statement Thursday declaring they remain "fully committed" to the alliance forged by Ghosn. Ghosn denied the wrongdoing, according to the Japanese public broadcaster NHK.
The US Bureau of Economic Analysis will release personal income data for October at 8:30 am EST.
Swiss GDP unexpectedly fell by 0.2% in the third quarter due to weak exports and manufacturing. The recession reflects a broader economic slowdown in Europe.
Thursday – Dollar Tree (DLTR), Abercrombie & Fitch (ANF) and HP (HPQ) gains; Fed notes published
Friday – The G20 begins in Argentina
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