London CNN Business  — 

1. Fed aftermath: A decision by the US Federal Reserve to increase interest rates for the third time this year has produced a cautious reaction from investors.

Policing the contents of packages “is a virtually impossible task, logistically, economically, and in many cases, legally,” the company said.

The lawsuit comes after FedEx mishandled deliveries for Chinese smartphone and telecom equipment company Huawei.

Beijing launched an investigation into FedEx as a result — a warning sign for multinational companies as the trade fight between the United States and China drags on.

China is in the process of drawing up a blacklist of foreign companies, individuals and organizations. Investors are worried FedEx will be included.

4. Google walkout: Google (GOOGL) employees around the world are protesting how their employer deals with sexual harassment.

2. US jobs report: The US economy added 250,000 jobs in October.

Markets are certain that the Fed will soon cut rates. But the magnitude and timing of the cuts remains unclear, which means Powell’s comments on the economy and monetary policy will be closely scrutinized.

The central bank held rates at its meeting last week but left the door open for a move lower in July.

Wall Street’s expectation could box in the central bank.

Failing to cut rates would create a “hawkish shock” in financial markets that could send the S&P 500 plunging 7%, boost the US dollar and roil the bond market, Goldman Sachs has predicted.

4. Global market overview: US stock futures were mixed.

President Donald Trump on Monday announced new sanctions on Iran, with the punitive measures set to target the country’s supreme leader, military officials and its top diplomat.

The Dow is set to fall 30 points, or 0.1%, when markets open. The S&P 500 is tracking down 0.2% and the Nasdaq could drop 0.3%.

European markets opened mostly higher. The main stock market in Italy gained 1.4% after the country escaped a credit rating downgrade by Standard & Poor’s.

Britain’s FTSE 100 fell 0.3% in early trading, while France’s CAC 40 dipped 0.2% and Germany’s DAX fell 0.1%. Shares of French digital consulting firm Capgemini (CAPMF) jumped roughly 7% after the company said it would buy competitor Altran for €3.6 billion ($4.1 billion).

Stocks in Asia finished mixed. Markets in Korea and mainland China lost ground, while Hong Kong closed higher.

The Dow dropped 1.2% on Friday following another wild day of trading. The S&P 500 shed 1.7% and the Nasdaq plunged 2.1%.

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5. Coming this week: