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Daily Kickstart (Britney Spears Edition)

“Sony Music apologizes to Britney Spears and her fans for any confusion. This has been rectified"...

Well first thing's first. Britney Spears is not dead. Sony Music's Twitter account was hacked, so the "Britney is dead by accident" tweet was just as fake as a forged document on a Chinese entrusted bond deal. That's what CNBC led with this morning, so I feel like I should go with it. “Sony Music apologizes to Britney Spears and her fans for any confusion,” the company said. “This has been rectified.” Phew. Having gotten the important stuff out of the way let's get to markets. At least some bleary-eyed traders are back at the desk today (those who aren't fortunate enough to still be in Swiss Alps or some other more desirable locale for the duration of the year) but you probably won't be able to tell as trading will invariably be thin again this week. Asian shares were mixed overnight and European shares are similarly flat although the Stoxx 600 is headed for its biggest monthly gain in at least a year. One notable piece of news: the ECB told  Banca Monte dei Paschi it needs to raise some €8.8 billion in capital. The "ECB based its calculation on the results of 2016 stress test," the bank said, adding that "the ECB considers bank 'still solvent'".  I'm not entire
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