Beer brewers Anheuser Busch Inbev (BUD) and SABMiller say they have agreed to a merger ‘in principle’. The offer, AB Inbev’s 4th values SABMiller at $104 billion. The combined companies would be responsible for one of every 3 beers sold globally and the merged business would be headquartered in Belgium. Global oil growth demand is expected to slow in 2016 from a 5 year high in 2015, according to the International Energy Agency’s latest report. However, OPEC keeps pumping oil at record rates. The IEA questioned when a rebalancing of the glut in supply and lack of demand could take place. JPMorgan Chase (JPM) and other big Wall Street banks will be reporting earnings this week. Economists forecast that profits for the group will contract 5.4% in the 3rd quarter. A poor showing from the banks could derail the stock market’s recent rally.
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