European stocks were in the red, with enthusiasm over last week's ECB measures gone. Asian markets closed mostly down.
Here are five things that matter for markets now:
- What is likely to be the world's largest IPO, that of Chinese e-commerce giant Alibaba, is covered after just a few road shows two days into the launch, according with people familiar with the process quoted by Reuters. However, it was unclear whether most of the demand for the shares was in the indicative range of the $60-$66 price per share sought.
- Retailer Dollar General (DG) is getting ready to launch a hostile bid for Family Dollar (FDO) as early as this week, Reuters reported. Dollar General has seen its $9.1 billion offer rejected twice by Family Dollar, which has already agreed to be bought by Dollar Tree (DLTR) for $8.5 billion.
- Microsoft (MSFT) is in talks to buy the Swedish company that makes the Minecraft videogame, Mojang AB, in a deal valued at around $2 billion the Wall Street Journal reported. The 35-year-old owner of Mojang has so far resisted attempts from outsiders to buy his company.
- France pushed back by two years a deadline to bring its budget deficit back to the EU-imposed ceiling of 3% of GDP, to 2017. The gap is expected to come in at 4.4% of GDP this year and at 4.3% next year. The finance minister blamed weak growth and low inflation for the delay in hitting the target.
- The highly influential chairman of Spain's biggest bank Banco Santander, Emilio Botin, died of a heart attack at the age of 79. The board meets today to talk about choosing a successor.