10 things you need to know before the opening bell
1. France is set to bail out its ailing aerospace industry with a rescue package worth billions of euros. In an effort to help its depressed aerospace sector, France is reportedly preparing to unveil an economic rescue package worth billions of euros on Tuesday.
2. 'Central banks can't cure the virus,' former Fed governor Kroszner says, and lays out the next steps policymakers may take to respond to the virus. As central banks around the world continue to roll out measures to keep their economies afloat during the pandemic, former central banker Randall Kroszner says that "central banks can't cure the virus."
3. Futures rise on optimism over economic revival. U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world's biggest economy has weathered the worst fallout of the coronavirus outbreak.
4. Morgan Stanley flags risk oil price rally will lead to a fall. Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months.
5. U.S. Fed's Main Street lending facility likely to start with a whimper. The Federal Reserve's most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small and mid-sized businesses the $600 billion "Main Street Lending Facility" is meant to help will come clamoring for loans.
6. PG&E expects to raise $5.75 billion from public offerings to fund bankruptcy exit. Power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings to partially fund its emergence from Chapter 11 bankruptcy.
7. 140 top scientists who are funded by Mark Zuckerberg are criticizing Facebook for letting Trump 'spread misinformation'. More than 140 scientists doing research funded by Mark Zuckerberg, and his wife, Priscilla Chan, have said Facebook should not allow President Donald Trump to use the platform to "spread both misinformation and incendiary statements."
8. Stocks are mixed. In Asia, the Nikkei 225 is up 1.4%, the Shanghai Composite is up 0.24% and the Hang Seng is flat. In Europe, the DAX is down 0.1%, the Euro Stoxx 50 is down 0.3% and the FTSE 100 is up 0.1%. In the US, futures underlying the Dow Jones Industrial Average, the S&P 500 and the Nasdaq 100 are pointing to an increase between 0.1 and 0.8%.
9. First quarter earnings coming in. Coupa Inc Software Register and BBVA Banco Frances are due.
10. Economic data releases today. Chile Trade Balance and Canada Housing Starts are due.