Earnings season. Deutsche Post, Geberit, Terna, Symrise, Uniper, Telecom Italia, Galenica, Salvatore Ferragamo and Mediaset are among companies reporting earnings.

On the front line. The shale oil players in the United States are under scrutiny because they are one of the weak links in the oil chain, with cost prices significantly higher than current prices. Generally speaking, their finances are relatively fragile.

Airlines hit by the coronavirus. American Airlines announced a reduction of 7.5% in capacity in the U.S. domestic market and a 10% reduction in international capacity for the summer season, due to lower demand related to the coronavirus outbreak. Qantas is postponing orders because of the coronavirus. it has asked Airbus to be able to delay an order commitment for 12 A350-1000s. "We would prefer to wait until the coronavirus issue has been ruled out before placing a firm order for the A350," explained the carrier's managing director Alan Joyce. The Australian airline has cut capacity by a quarter in response to the current crisis.

Luxury slows pace. Major luxury houses such as Kering and LVMH have reduced orders to their Italian suppliers because of the impact of the coronavirus epidemic on demand, Reuters has learned from corroborating sources. "We typically produce 800 to 1,000 handbags a month for Gucci. In February, we made 450 and we have no orders for March," said a Kering subcontractor based in Tuscany.

Finally, an order. BOC Aviation is going to buy 22 B787-8s from Boeing. The aircraft are to be leased to American Airlines. They will be delivered in 2020 and 2021. The financial terms, of course, have been kept secret. An announcement that will be good for the American industrialist, whose 2020 order intake is depressed by the situation of the B737 MAX.

A bet on Chinese real estate. Blackstone is negotiating the purchase of the Chinese office property Soho China for $4bn, according to Reuters. A big bet on the Chinese market in these difficult times. The fund offers HKD 6 per share, well above the HKD 2.98 per share posted before the rumor.

Infineon may buy Cypress. The CFIUS has approved the proposed acquisition of US semiconductor manufacturer Cypress Semiconductor by Germany's Infineon for €9bn. Recently, rumors had been circulating about an American veto for national security considerations. But it was not.

Novartis is buying back shares. Novartis has launched a new share repurchase program to run until March 10, 2023. It will cover the legal maximum of 10%. Novartis will conduct the transaction on its registered shares via a separate trading line.

Not even afraid of the virus. Internal documents at Tesla show that the group is looking to expand spare parts production capacity in Shanghai to increase its supply of local parts for its Chinese plant. The project has been submitted by the manufacturer to the local authorities. They are in line with the group's objectives, which had planned to source 100% of its Model 3 produced in Shanghai from China before the end of the year.