1. Pepsi makes a deal: PepsiCo ( is shopping for one of many world’s prime glowing water manufacturers, )SodaStream (, for $three.2 billion. )
The transfer — which was unanimously authorized by the boards of each firms — will increase Pepsi’s efforts to shift from its conventional delicate drinks enterprise into more healthy choices.
SodaStream’s merchandise are marketed as a wholesome various to sugary sodas. This matches Pepsi’s purpose of “making extra nutritious merchandise whereas limiting our environmental footprint,” Pepsi CEO Indra Nooyi stated in an announcement.
2. World inventory market overview: US inventory futures had been holding regular.
European markets rose in early buying and selling, with mining firms among the many prime gainers.
Most Asian markets ended the day with good points. The Hold Seng in Hong Kong was a standout performer with a 1.four% rise.
The Dow Jones industrial common jumped 1.four% final week and S&P 500 superior zero.6%. The Nasdaq dipped zero.three%.
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three. Earnings: Estee Lauder ( will launch earnings earlier than the open. )
It is a huge week for retailers, with earnings studies anticipated within the coming days from Goal (, )Kohl’s (, )Ross (, )Hole (, )Foot Locker ( and TJ Maxx proprietor )TJX (. )
Wall Avenue analysts anticipate one other robust spherical of company earnings, just like final week. Individuals are spending extra due to low unemployment and a booming financial system.
four. Greece is completed with bailouts: After eight years and lots of of billions in loans, Greece is placing its bailout days behind it.
The nation on Monday formally exited the final of three monumental rescue packages that saved it from going bust and abandoning the euro. The bailouts from the Worldwide Financial Fund, the European Central Financial institution and the European Fee got here at an enormous price that may nonetheless be felt for years to come back.
IMF Managing Director Christine Lagarde cautioned final month that “larger reform efforts stay key to an financial restoration and lasting progress.”
She stated the Greek authorities nonetheless wants to enhance the way it collects taxes, do a greater job of clearing out unqualified civil servants and urgently revamp its privatization program.
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5. Coming this week:
Monday — Estee Lauder ( earnings )
Tuesday — JM Smucker (, )Toll Brothers (, )Kohl’s ( and )TJX ( earnings )
Wednesday — Goal (, )Lowe’s ( and )L Manufacturers ( earnings )
Thursday — Alibaba (, )HP (, )Ross Shops ( and )Hole ( earnings, US tariffs on 279 Chinese language merchandise take impact )
Friday — Foot Locker (earnings, Federal Reserve chairman Jerome Powell speaks on the Financial Coverage Symposium in Jackson Gap )
CNNMoney (London) First printed August 20, 2018: four:54 AM ET