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(CNN Business) —  

1. Paris Air Show: All eyes are on Boeing as the Paris Air Show kicks off Monday.

The index declined 352 points, or 1.5%. The S&P 500 fell 1.5%, while the Nasdaq dropped 2.2%.

Investors had been hoping the Fed would signal a more significant slowing of rate hikes in 2019 due to signs of economic weakness. Most Fed governors said they expect to hike rates twice next year, after hiking four times this year. Fed Chairman Jerome Powell said the economy at the end of the year was “more subdued than most expected,” and recent “developments signal softening” in the economic outlook.

Wall Street was also unnerved by Powell’s comments about continuing to shrink the central bank’s balance sheet.

The show is typically an opportunity for Boeing (BA) and Airbus (EADSF) to announce orders for hundreds of aircraft. That will be harder this year for the US jetmaker, which has halted deliveries of its 737 Max following two deadly crashes.

2. Carlos Ghosn latest: A Japanese court has rejected prosecutors’ request to extend the detention of former Nissan Chairman Carlos Ghosn, setting the stage for his possible release.

Ghosn’s arrest in Tokyo last month on allegations of financial misconduct has rocked the global car industry and put strains on the alliance he presided over between Nissan (NSANY) and Renault (RNSDF).

The Tokyo District Court also denied a request from prosecutors to extend the detention of Greg Kelly, a former Nissan director who is accused of helping Ghosn under-report his compensation for years.

A Nissan spokesman declined to comment on the court’s decision, saying the pair’s detention was a matter for prosecutors. The Tokyo public prosecutors’ office declined to comment.

3. More central bank action: The Bank of England will announce its policy decision at 7:00 a.m. ET. It left interest rates unchanged at 0.75% when it last met in September.

Britain is paralyzed by Brexit chaos and investors will be watching for more details on how the bank would respond to a disorderly break with the European Union on March 29.

The Bank of Japan, which also met on Thursday, left monetary policy unchanged. Japan’s Topix stock index slumped into bear market territory on Thursday, having fallen over 20% from its January high.

3. Markets rise: Global stocks are starting off the week on a positive note.

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4. Earnings and economics: Darden Restaurants (DRI) will release earnings before the open. FedEx (FDX) will follow after the close.

Nike (NKE) will publish its trading results after the close. Thursday’s earnings will also be its first full report since the company debuted its controversial Colin Kaepernick ad.

AB InBev (BUD) said Wednesday that it’s teaming up with Canada’s Tilray (TLRY) to research cannabis-infused drinks. Tilray’s Nasdaq-listed stock surged following the announcement, gaining about 13% premarket.

The US Bureau of Economic Analysis will release its core personal consumption report for December at 8:30 a.m. ET. The Institute of Supply Management will release manufacturing data at 10:00 a.m. ET.

4. Coming this week:
Monday: Paris Air Show, US Treasury foreign ownership report
Tuesday: Adobe earnings, US housing starts, US Senate hearing on tariffs
Wednesday: Fed decision and press conference, earnings from Oracle (ORCL) and Barnes & Noble (BKS)
Thursday: US leading indicators, Bank of England rate decision, earnings from Kroger (KR) and Red Hat (RHT)
Friday: US existing home sales, Markit flash US manufacturing PMI