US MARKETS:

S&P 500 futures up 0.3% to 2,918.25
Brent Futures down 0.5% to $70.83/bbl
Gold spot down 0.3% to $1,284.72
U.S. Dollar Index down 0.03% to 96.91

GLOBAL NEWS:

Earnings season. Johnson & Johnson, Bank of America, UnitedHealth, Netflix, International Business Machines, BlackRock, L'Oréal, Rio Tinto and JD Sports are among companies reporting earnings.

Donations for Notre Dame. Artemis, the Pinault family's holding company, will release 100 million euros to help rebuild Notre-Dame de Paris Cathedral, which was seriously damaged by a fire. "Faced with such a tragedy, everyone wants to bring this jewel of our heritage back to life as soon as possible," said François-Henri Pinault, Kering's CEO. Bernard Arnault and LVMH have pledged 200 million euros. Capgemini will offer 1 million euros, while Vinci offers skill-based sponsorship. Other major donors are expected to follow. 

The Auto is exposed. The Shanghai Motor Show starts today in a complicated context for the sector in China. In successive conferences, manufacturers have tried to reassure the public about the prospects for the Chinese market.

Hulu loses a shareholder. AT&T sells its 9.5% minority stake in Hulu, adding value to the $15 billion streaming platform. Hulu is majority owned by Walt Disney, which holds 60% of the shares, while the other major shareholder is Comcast with 30% of the round table.

Lyft down. Lyft continues on its downward trend: -22% since the IPO. The title of Uber's competitor lost another 6% yesterday on Wall Street. It quotes USD 56.11 against USD 72 during the IPO at the end of March, and a peak at USD 88.60 on the first trading day. This will give Uber food for thought ahead of its imminent listing on the stock market.

Tough times for Boeing. Aviation experts believe that Boeing's B737 MAX could be allowed to fly again around the end of August, at a significant cost to the manufacturer, as its customer airlines are forced to rethink their flight schedules. On Twitter, even Donald Trump gave his opinion on the aircraft:


Balance of all accounts. Unicredit SpA is paying $1.3 billion to settle a lawsuit in the United States. The Italian bank was accused of circumventing US sanctions against Iran, Cuba, Libya and Sudan between 2002 and 2011. Only the German, Austrian and Italian subsidiaries were concerned, which illustrates the jurisdictional power of the United States when it comes to transactions in dollars or linked in one way or another to American activities.

In other news. BMW's CFO denies any intention to develop a compact vehicle with Daimler. Lufthansa reported losses in the first quarter but confirmed its 2019 objectives. Sika issues €1 billion in bonds.