Last week has witnessed Mark Zuckerberg's wealth plummeting as much as $31 billion after shares of Meta Platforms (NASDAQ:FB) plunged 26%, dropping $252 billion of its market value - marking it the biggest ever one-day wipeout for any U.S. Company.

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Let's see what's ahead in this week's markets:

1. Earnings read-through

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The impact of inflation on different companies is widely revealed during earnings season and whether easing ahead can be expected, whether supply-chain related or otherwise.

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Another notable matter to keep an eye on is Meta Platform's muted guidance and earnings report signaling that pandemic-related tailwinds might be gone for tech companies.

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Companies scheduled to report this week include Pfizer (NYSE:PFE), Peloton (NASDAQ:PTON), Disney (NYSE:DIS), Twitter (NYSE:TWTR), and Uber (NYSE:UBER).

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2. Australian borders

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After nearly two years of strict international border controls in an attempt to stem the spread of Covid-19, Australia will allow double-vaccinated visa holders to enter the country from February 21.

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The gradual unwinding of restrictions on tourists and foreign workers kicked off in November, with this announcement being the final step.

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Since the onset of the pandemic in March 2020, Australia's borders have been almost entirely closed, with only citizens being allowed back in the country.

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3. Bitcoin revving up again

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As investors show signs of renewed risk appetite following a volatile week across financial markets, Bitcoin gained the most in four months.

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The largest cryptocurrency by market value recently jumped 10% to $40,730, the most since October 1. It questions what the incremental driver of price performance in the sector will be and whether the decline was just an output of risk appetite.

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4. Tesla in Japan

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While EVs account for only 1% of overall car sales in Japan, well behind China and parts of Europe, the country seems to shift to electric vehicle owners.  

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Previously, Japan's automakers have preferred to promote hybrid models like Toyota's pioneered Prius to be more economically sound but now seem to pivot amid rising international pressure.

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The Japanese government is pledging to be carbon neutral by 2050 and almost halve emissions by 2030 from its 2013 levels.

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5. Stock of the week: Capri

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Capri (NYSE:CPRI), the company that owns fashion brands like Jimmy Choo, Versace, and Michael Kors, gained shares of 14% last week, with the outperformance expected to continue in the coming months.

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Last week, Capri revealed strong operating momentum when management beat quarterly expectations with earnings of $2.22 a share in the December quarter.

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As all Capri's brands saw higher demand, revenue increased 24% from a year ago to $1.61 billion while Wall Street is bullish about the company's prospects.

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