The M&A rumor mill is in full swing, as reports surfaced and were later confirmed, that Nokia (NOK) is in advanced negotiations to buy Alcatel-Lucent's (ALU) wireless infrastructure hardware assets, which generated $5 billion in sales in 2014. A deal for all of Alcatel is also being considered.
The uncertainty over the default saga continues to play out in Greece this morning with both sides doing their best at trying to jawbone the other.
The World Trade Organization announced today that global goods trade will grow by 3.3% in 2015 and 4% in 2016, below its previous guidance, due to lackluster global economic growth.
Today, we are looking forward to March's retail data at 8:30 a.m. ET with consensus calling for a 1.1% increase vs. February's 0.6% decline. Also at 8:30 a.m., we'll receive the PPI Final Demand month over month for March, with consensus estimates at 0.2% vs. February's 0.5% decline. At 10 a.m., we'll get the February business inventories with estimates calling for 0.2% from 0% last month, and at 4:30 p.m., the API weekly oil inventories will be published.
On the earnings watch, notable reports today come from JPMorgan Chase (JPM), Wells Fargo (WFC), Johnson & Jonhson (JNJ), Intel (INTC), Linear Tech (LLTC), and CSX (CSX).
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline on this article.