The economic calendar in the U.S. Monday includes consumer credit for July at 3 p.m. EDT.
U.S. stocks on Friday finished the week with mild gains as investors looked ahead to the potential for more stimulus this week from the Federal Reserve. The Dow Jones Industrial Average closed up nearly 15 points, or 0.11%, at 13,306.64, the best finish since December 2007. The blue-chip index is now up 8.91% in 2012 after surging 1.6% last week.
AIG (AIG - Get Report) said the U.S. Treasury Department is selling $18 billion worth of its common shares to institutional investors. The sale could decrease the government's holdings below a majority stake for the first time since the rescue of the giant insurer in 2008.
BP (BP - Get Report) is nearing a deal to sell some of its oil fields in the Gulf of Mexico to Plains Exploration & Production (PXP) for about $7 billion, according to published media report. The Wall Street Journal cited anonymous sources familiar with the matter. The sale would be part of the BP's continuing efforts to sell off assets to pay for the 2010 Gulf oil spill.
JPMorgan Chase (JPM)directors are considering lower 2012 bonuses for CEO Jamie Dimon and other top executives in the wake of a multbillion-dollar trading scandal, while the board of Citigroup (C) is expected to decide this fall how to fine-tune next year's compensation plan to win broader support among investors, people familiar with the situation told the Journal.
Transocean (RIG - Get Report) agreed to sell 38 shallow-water drilling rigs to Shelf Drilling International for $1.05 billion. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.