10 things you need to know before the opening bell

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Here’s what you need to know before markets open.

1. Global stocks trade mixed as investors focus on economic recovery, despite mounting concerns about new COVID-19 variants. US futures hovered between gains and losses Monday morning.

2. Bitcoin rises above $57,000 after a weekend washout stripped 17% off its price in its biggest drop since February. The digital asset was well below a high of over $64,000 hit only last week.

3. China’s digital yuan could be used by international visitors at the 2022 Beijing Winter Olympics. China is racing ahead with its digital currency plans.

4. Dogecoin bucks the trend with another 30% rise as other cryptocurrencies tumble. The meme asset continued to climb despite other crypto coins dropping.

5. Nearly half of Americans are too nervous to invest in stocks right now, new survey shows. Almost 75% of Americans foresee stock-market volatility picking up again in 2021, an Allianz survey said.

6. Earnings expected. Coca-Cola and IBM are among the big names reporting Q1 earnings.

7. On the data docket. The US auctions some Treasury bills and China’s central bank sets rates.

8. UBS is on the hunt for high-upside companies that also offer fat dividends. The firm says to buy these 16 stocks poised to gain more than 10% as the economic reopening continues.

9. The co-founder of ETF giant WisdomTree shares how the 2008 financial crisis opened his eyes to bitcoin. Rayne Steinberg also breaks down the 2 types of digital assets his crypto hedge fund is betting on.

10. Short sellers have ramped up their bets against SPACs. A hedge-fund manager breaks down his approach — and explains why he’s betting against a SPAC merger that has plunged 25% this year.

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