Asian and European stock markets have started the week higher, with bulls returning as geopolitical worries begin to subside. Here are the top five things that matter for markets now:
- A 72-hour truce for Gaza brokered by Egypt appears to be holding and Israeli negotiators are due in Cairo to start talks that could end to the month-old conflict with Palestinian militants. The ceasefire started at 5 pm New York time on Sunday.
- The Ukrainian army is advancing towards the rebel-held city of Donetsk in the east of the country, in what a military spokesman has called "the final stage for liberating" the city. He said the Ukrainian military managed to cut Donetsk off from the other main rebel-held city of Luhansk, on the border with Russia.
- Kinder Morgan (KMI) said it plans to buy all of Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB) to simplify the corporate structure and unify the company under a single stock. The transactions are valued at around $44 billion and would allow the pipeline giant to use its stock as currency to buy other firms.
- BuzzFeed is valued at about $850 million following the latest round of fund-raising which saw it get $50 million from Silicon Valley venture capital firm Andreessen Horowitz. At least that's according to the New York Times, which quotes a person with knowledge of the deal.
- China is launching a fresh round of privatization of state-owned enterprises in an effort to deal with increasing debt, writes the FT. But overcapacity, inefficiency and low profitability are likely to deter buyers.