Markets are off to a positive start this week as investors gear up for a flurry of earnings from big names, starting with Citigroup on Monday.
Here are the five things you need to know before the opening bell rings in New York:
1. Germany celebrates: The DAX index is the strongest gainer in Europe early Monday, up 0.8%. Germany has captured its first World Cup in 24 years, beating Argentina in Sunday's final. U.S. stock futures were 0.3% higher.
The Nasdaq added nearly 0.4%, while the Dow Jones Industrial Average and S&P 500 both gained about 0.1%. Despite losses earlier in the week, the S&P 500 and the Dow are still trading near all-time highs. Experts surveyed by CNNMoney expect the S&P 500 to be even higher by the end of the year.
2. Citigroup in focus: Citigroup ( will report earnings before the opening bell. It may also announce )a $7 billion deal with U.S. regulators to settle charges related to the sale of bad mortgages during the run-up to the financial crisis.
3. Big pharma tax deal: AbbVie ( has won the support of the management of )Shire (, a London-listed drugmaker, for its improved £31 billion ($53 billion) takeover bid. The deal should allow AbbVie to move its tax base to the U.K. , under a process known as "inversion." )Pfizer ( tried but failed with a similar approach earlier this year to )AstraZeneca (. )
4. Tech stocks perky: Tech stock could be the stars of the earnings parade this week and some big names were moving premarket Monday. Apple (Tech30) and , Facebook (Tech30)were both up by about one percent, while , Amazon (Tech30) and , Google ( posted slightly narrower gains. )
5. Economic data: China's economy is in danger of missing its growth target as risk balloons in the country's real estate sector, according to a CNNMoney survey of economists. China is due to publish second quarter GDP data on Wednesday. Meanwhile, the Census Bureau will report U.S. retail sales from the month of June at 8:30 a.m. ET.