Week ahead - earnings season starts with Alcoa

Earnings season in the U.S. kicks of with Alcoa(AA) on Monday, which given commodity rebound should be encouraging. On Wednesday, the Fed Beige book report will give further insights on the state of the U.S. economy. On Thursday after the close, Intel (INTC) reports and this will give a good idea of the outlook both for tech and semiconductors specifically.

In the U.K., further evidence on the health of retailers will be demonstrated by Tesco (TSCO) on Tuesday.