When Morgan Stanley recalculates the company's rankings in its MSCI Emerging Markets Index, the consensus is that Gazprom, which holds nearly one-third of the world's natural-gas reserves and contributes 25% of Russia's tax receipts, will come out on top of the list, ahead of behemoths like Samsung Electronics .

FORBES: Magazine Article

The one-month earnings revision ratio for the MSCI Japan index, which compares increases to consensus earnings forecasts against reductions, was most recently recording more than two upgrades for every downgrade.

WSJ: Asia's Export Face-Off

Although many global markets were closed for holiday on Monday, U.S. futures responded nicely in the early going to the Eurozone Purchasing Managers Index, which came in above the consensus.

FORBES: Message From Bulls: Stocks In The U.S. THE Place To Be In 2011

The day started out with the announcement that Bank of America would be laying off 16, 000 workers which helped sink the market, but better than expected jobless claims and a Philly Fed index that came in ahead of the consensus estimate, along with a solid IPO pop for real estate research site Trulia, aided the recovery in risk assets.

FORBES: The Bulls Battle Back: US Stocks Recover As Trulia And Starbucks Shine

Energy companies struggled to impress investors in the first quarter beating consensus earnings forecasts by just 2.6%, versus 6.2% for the broader index excluding financials.

FORBES: Soft Patch Won't Stall Second-Quarter Earnings, UBS Says

The June manufacturing PMI (Purchasing Managers Index) came in better than expected at 50.2 for June, while market consensus estimates had it at 49.9 versus the May survey results of 50.4.

FORBES: China's Economy Stabilizing, Latest Data Shows

The ISM Non-Manufacturing Index fell for the second month in a row, and at 53.1 was below the consensus estimate of 54.

FORBES: The Week Ahead: Can Diversification Ruin Your Return?