📌 A dozen I.P.O.s are expected to raise $6.8 billion this week, led by software companies. The cloud company Snowflake is set to raise more than $2 billion, while the video-game group Unity is targeting $950 million. Others going public include Amwell ($525 million), JFrog ($405 million) and Sumo Logic ($281 million).
🛍 Companies reporting earnings include Adobe and FedEx on Tuesday. The fast-fashion rivals H&M and Inditex (the parent company of Zara) also open their books — H&M on Tuesday and Inditex on Wednesday. BP kicks off a three-day investor event today in which the company will present a plan to reduce its reliance on fossil fuels, as it forecasts that global oil demand may have already peaked.
⚖️ The Federal Reserve and Bank of Japan announce their latest policy decisions on Wednesday, followed by the Bank of England on Thursday. The Japanese central bank is expected to be the most upbeat, while the Fed will attempt to support a fragile recovery without additional fiscal stimulus, and the Bank of England is wrestling with the Brexit tensions roiling the British economy.