1. Charges against Goldman Sachs: Malaysia has filed criminal charges against Goldman Sachs over its dealings with scandal-hit investment fund 1MDB. The US investment bank and two of its former employees are accused of breaking Malaysia's securities laws, Malaysian Attorney General Tommy Thomas said in a statement Monday.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -26.00 | | +2.50 | | -1.50 | | -0.11% | | +0.04% | | -0.06% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +132.05 | | +4.23 | | -18.65 | | 21,506.88 | | 2,597.97 | | 6,826.52 | | +0.62% | | +0.16% | | -0.27% | | | |
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| Biggest Winners | | Schlumberger NV | +2.30% | | | | Linde PLC | +1.74% | | | | Celgene Corp | +1.14% | | | | Exxon Mobil Corp | +0.81% | | | Biggest Losers | | Best Buy Co Inc | -4.26% | | | | PG&E Corp | -3.69% | | | | Keysight Technologies Inc | -2.08% | | | | Illinois Tool Works Inc | -1.22% | | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Goldman hit in Malaysia; Nissan board meeting; Retail pain | | By Ivana Kottasová, CNN Business | | | | 1. Charges against Goldman Sachs: Malaysia has filed criminal charges against Goldman Sachs over its dealings with scandal-hit investment fund 1MDB. | | | | The US investment bank and two of its former employees are accused of breaking Malaysia's securities laws, Malaysian Attorney General Tommy Thomas said in a statement Monday. | | | | The case relates to $2.7 billion that was allegedly misappropriated from 1MDB bond sales, Thomas added. | | | | A Goldman Sachs (GS) spokesman said in a separate statement that the bank would "vigorously defend" itself against the charges. | | | | 2. Carlos Ghosn fallout: Nissan's (NSANY) board is meeting Monday amid signs that the Japanese automaker's relationship with Renault has become strained. | | | | Renault (RNSDF) and Nissan are partners, but the strength of their alliance has been tested by the arrest and indictment of Carlos Ghosn in Japan. | | | | Ghosn has been ousted as chairman at Nissan, and temporarily replaced at the French automaker. Nissan has also been indicted as part of the investigation into financial wrongdoing. | | | | Renault has sent a letter to Nissan's CEO asking him to call a shareholder meeting, the Wall Street Journal reported. That would allow Renault to push for a new chairman at Nissan. | | | | According to the Journal, the letter warns that Nissan's indictment "creates significant risks to Renault" and to the "stability of our industrial alliance." | | | | Nissan and Renault declined to comment on Monday. Nissan is expected to hold a press conference following its board meeting. | | | | 3. Retail gloom: Shares in UK online fashion retailer Asos (ASOMY) plunged 40% after the company cut its full year guidance. The company cited "significant deterioration" in the crucial month of November. | | | | Asos had appeared to be immune from the sickness affecting UK retailers, many of which have struggled with the transition to online shopping and an economic slowdown caused by Brexit. | | | | The warning from Asos could be a sign that even savvy online sellers won't escape the pain. | | | | 4. Global market overview: US stock futures were pointing higher. | | | | European markets opened mostly lower, following a mixed trading session in Asia. | | | | The Dow closed 2% down on Friday. The S&P 500 lost 1.9% and the Nasdaq dropped 2.3%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Earnings: Oracle (ORCL) and Red Hat (RHT) will release their earnings after the close. | | | | | | | |
| | | | | | Monday — Oracle (ORCL) earnings
Tuesday — FedEx (FDX) and Darden (DRI) earnings
Wednesday — General Mills (GIS) earnings; Fed decision on interest rates
Thursday — Nike (NKE), Walgreens Boots Alliance (WBA) and Blackberry (BB) earnings; Bank of England meeting
Friday — Carmax (KMX) earnings; GDP third estimate. | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $51.63 | +0.43 / +0.84% | | | Gold | $1,243.60 | +2.20 / +0.18% | | | 10-yr | 2.89% | -0.02 | | | Euro | $1.13 | +0.00 / +0.30% | | | |
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