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Morgan Stanley sees echoes of dot-com era in current tech sector

Bank earnings, oil supply warning, and inflation data due. 

Goldman Sachs Group Inc. and JPMorgan Chase & Co. start Wall Street earnings season before the bell this morning. While revenue at the big banks is expected to fall, dragged lower by a drop in trading, a surge in dealmaking fees may reduce the size of the hit to their bottom line. There was mixed news for European bank shareholders, with the Bank of England saying it had fully removed limits on dividends while the ECB signaled it could take steps to ensure lenders avoid excessive payouts when the cap is most likely lifted later this year.