Data in China comes in below expectations, McDonald's is set to unveil its big turnaround plan and a sign that Europe's deflation scare might be over. Here are some of the things that people will be talking about this morning.
Manufacturers in Europe are raising prices
Here's one sign that inflation in the euro-area may start to turn higher: manufacturers in the region raised prices in April for the first time in eight months.
Data from China disappoints
A gauge of manufacturing in China slipped further into contraction territory in April, underscoring forecasts that policy makers will need to increase stimulus to try and meet the government's growth target of about 7 percent.
McDonald's to reveal comeback recipe
Faced with the worst sales slump in over a decade and the rise of gourmet burger chains, new McDonald's Chief Executive Officer Steve Easterbrook is scheduled to unveil his turnaround plan at 7 a.m. Chicago time.
No deal for Greece
Greek officials were hoping to strike a preliminary agreement with creditors over the weekend. Unfortunately for Greece, the weekend has been and gone, the country still has no deal. The nation is scheduled to make a €200 million payment to the IMF on Wednesday, further depleting what little cash Greece has left.
Stocks bounce back from an ugly week
The Stoxx 600 Europe Index closed Friday for the biggest week of losses so far this year. At the time of writing equities are erasing some of those losses this morning, led by big gains for Syngenta following reports that U.S. rival Monsanto approached the company about a potential takeover.