1) Initial Public Offerings are back on the table. The market is getting Chinese IPOs through the door, and one U.S. tech offering. Alibaba is some time away, but with a slight thaw in IPOs last week, issuers are wasting no time getting deals through.
On Friday, Jumei International Holding, China's largest retailer of beauty products, set its terms. They are seeing to raise 9.5 million shares at $19.50—$21.50. They are set to price Thursday night for trading Friday.
Two of the more interesting U.S.-based companies seeking to go public this week include:
a. Zendesk (ZEN), a San Francisco-based company which provides a customer service platform for companies. They are seeking to raised 11.1 million shares at $8—$10, pricing Wednesday night for Thursday trading. This will be a test for tech IPOs.
b. TrueCar (TRUE), a Santa-Monica based company that runs a website allowing users to obtain market-based pricing data on new and used cars, is seeking to raise 7.8 million shares at $12—$14, pricing Thursday night for Friday trading.
2) We start the week with the Dow Jones Industrial Average at an historic high.
Chinese stocks had a two percent pop on speculation authorities would open up more of the domestic stock market to foreign investors.
India popped another 2.5 percent to close at yet another historic high, as the national elections have finally concluded. It appears pro-market proponent Narendra Modi is ahead in initial opinion polls, with final results due May 16th.
--By CNBC's Bob Pisani