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Here is what you need to know.

1. Deutsche Bank is kicking off a brutal cull of 18,000 jobs as part of a $8.3 billion overhaul. Here's what we know about what's going on at the German bank.

2. Turkey's president fired the central bank governor over the weekend and now it's sparking worries of the central bank's independence. The fall in the value of the lira could be a warning sign for the Fed over Trump's picks. 

3. Stocks are sliding as a stellar jobs report has tempered hopes for a cut to interest rates this month. The US economy added 224,000 jobs last month, exceeding the 160,000 predicted by economists.

4. The European Union, France, and Germany have condemned Iran's violations of the Iran nuclear deal, which was designed to slow the country's development of a nuclear bomb. Last week, Iran announced its second violation of the nuclear deal.

5. The leak of confidential memos from Britain's ambassador to the United States could damage relations between the two countries. In the memo the ambassador described President Donald Trump's administration as "dysfunctional" and "inept."

6. China's central bank could cut its benchmark policy rate for the first time in four years. The move would come if the US Federal Reserve delivers a widely expected cut in late July, as Chinese policymakers step up support for the slowing economy.

7. UK fintech unicorn Revolut just hired ex-Goldman Sachs exec Michael Sherwood. The fintech firm in the past year has come under scrutiny authorities over financial conduct and money laundering claims.

8. US stocks are set to fall, over expectations the Fed will hold off on rate cuts. US futures slid, including the S&P 500 (-0.2%) and the Nasdaq (-0.4%). In Europe, Germany's Dax fell (-0.2%) as did Euro Stoxx 50 (-0.1%). Asian markets also slid on close, the Nikkei 225 fell (-1.0%), as did the Hang Seng (-1.8%) and the Shanghai Composite (-2.6%).

9. There are some interesting earnings out later. Japanese firms Fuji, the photography company, and Kawasaki the motorbike firm are two standouts. 

10. There's some important economic data out also. Germany's industrial output production being the highlight.