China is the focus of investors this morning its central bank expanded monetary easing by cutting its bank reserve ratio by 100 basis points to 18.5% over the weekend -- as many had hoped for -- after a spate of slowing economic growth figures.
Meanwhile, the potential for a Greece debacle still exists as both sides continue to negotiate to try and keep the country away from defaulting on its debt obligations.
In energy, the Saudi oil minister was quoted as saying the country will continue to keep production as near record levels, which will keep some pressure on the price of oil.
Some notable earnings today include: Check Point Software Technologies (CHKP:Nasdaq), Morgan Stanley (MS:NYSE), Hasbro (HAS:NYSE), Halliburton (HAL:NYSE), Royal Caribbean Cruises (RCL:NYSE), Fortinet (FTNT:Nasdaq), IBM (IBM:NYSE) and Packaging Corp. of America (PKG:NYSE).
On today's domestic economic calendar is the Chicago Fed National Activity Index for March, which will be released at 8:30 a.m. ET.
On average, economists expect a rise to and consensus is looking for a rise to 0.1 from a previous level of -0.11 for February.
Over the weekend, Barron's wrote that Growth Seeker's United Rentals (URI:NYSE) could pop 50% over the next two years.
Earnings season kicks into gear with a vengeance this week, so buckle up!