Goldman Sachs is under pressure to show that its trading arm resisted the calm of the global financial markets that started in 2019. At the same time, investors are looking nervous at consumer banks for signs of being damaged by changes in the US
Arthur Sadoun, CEO of Publicis, says the agency's customers face higher consumer-friendly expectations and new data rules.
"The only answer is to deliver custom experiences on a scale," he said.
Shares in Publicis increased 4% in Paris. The agreement is expected to close in the third quarter.
3. Trump goes after the Fed: President Donald Trump has once again criticized the Federal Reserve and said that politics has been a "killer" for economic growth and stocks.
On Sunday, Trump tweeted that "if the Fed had done its job properly, as it didn't, the stock market would have been up to 5000 to 1
He added that GDP growth would have been "well over 4% instead of 3%" if the central bank had refrained from rolling back the stimulus.
Trump's comments come in contrast to his two picks for the Federal Reserve Board of Governors – former presidential candidate Herman Cain and economic commentator Stephen Moore.
President of the European Central Bank, Mario Draghi, expressed concerns over the weekend about the independence of the central banks.
"If the central bank is not independent, people may well believe that monetary policy decisions follow political advice rather than objective assessment of economic prospects," said Draghi, according to Reuters.
Monday — Aphria ( Citigroup, Goldman Sachs, M & T Bank earnings; ) ] Johnson & Johnson (
Wednesday – PepsiCo, Morgan Stanley Earnings; Bold Beige Book
Thursday – American Express () Skechers (] earnings; US retail )
Friday – US markets closed Netflix, United Continental Holdings Earnings