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GLOBAL MARKETS LIVE: Alstom, Iliad, EuropaCorp, ArcelorMittal, Airbus, Anadarko…

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05/07/2019 | 10:16am EDT

Corporate earnings season is in full swing. Anadarko prefers to pay Chevron $1 billion in compensation to throw himself into Western arms. U.S. stock-index futures and European markets drop amid trade concerns.


S&P 500 futures down 0.4% to 2,922.25
Brent futures down 0.9% to $70.57/bbl
Gold spot little changed at $1,281.23
US Dollar Index little changed at 97.53


Earnings season. Adecco, Alstom, Anheuser Busch Inbev, Arkema, Axel Springer, BMW, Davide Campari, Endesa, EssilorLuxottica, Ferrari, Henkel, Intesa, Pandora, Solvay, Petrobras, Ambev, Allergan, Emerson, Regeneron and CLP Holdings are among companies reporting earnings today.

A $1 billion change of heart. Anadarko now supports Occidental Petroleum's bid, which offers $38 billion, rather than Chevron's. The Board of Directors unanimously decided that Occidental's new version of the offer is a "superior proposal" to Chevron's. As a result, Anadarko will have to pay Chevron a termination fee of $1 billion, as planned.

AB Inbev confirms the IPO. Anheuser Busch InBev has confirmed a plan to list a minority share of its division in Asia. A way to better value these assets and free up funds to reduce the group's debt.

Bitcoin keeps going up. The Bitcoin price continues its bullish trend and is now approaching the first major technical objectives of the upward turnaround that took place between December 2018 and the first quarter of 2019, at $6,200.

F2i wins. The board of directors of Telecom Italia have welcomed F2i's offer for the subsidiary Persidera, according to Reuters, while CFO Piergiorgio Peluso resigned, replaced by Giovanni Ronca. F2i reportedly submitted a firm offer in the €240 to €250 million range according to the latest rumors.

In other news. Chinese Luckin, a competitor of Starbucks, wants to raise nearly $600 million by going public in the United States. PepsiCo will invest $4 billion in Mexico by the end of 2020, with its partner Grupo Gepp, notably for a new plant. The American International Group share price rose sharply after its quarterly figures. H. Lundbeck will buy Abide Therapeutics for $400 million. Rio Tinto will purchase a fleet of autonomous mining vehicles from Caterpillar.
Stocks mentioned in the article
ChangeLast1st jan.
ALLERGAN PLC 0.64% 173.6 Delayed Quote.29.88%
ALSTOM -0.42% 37.77 Real-time Quote.7.54%
AMBEV S.A. -0.53% 18.67 End-of-day quote.21.39%
ANHEUSER-BUSCH INBEV SA/NV -0.27% 93.03 Delayed Quote.41.36%
ARKEMA 2.31% 91.98 Real-time Quote.20.06%
AXEL SPRINGER SE 0.62% 64.75 Delayed Quote.30.32%
BITCOIN - EURO 0.16% 7390.172 End-of-day quote.119.64%
BITCOIN - UNITED STATES DOLLAR 0.10% 8248.069 End-of-day quote.115.24%
BMW FINANCE NV 0.00%End-of-day quote.0.00%
CATERPILLAR INC. -1.03% 130.71 Delayed Quote.2.86%
CHEVRON CORPORATION -0.53% 114.74 Delayed Quote.5.47%
CLP HOLDINGS -0.39% 10.29 Delayed Quote.0.00%
DAVIDE CAMPARI-MILANO S.P.A. -2.29% 8.09 End-of-day quote.9.55%
DJ INDUSTRIAL -0.95% 26770.2 Delayed Quote.14.76%
EMERSON ELECTRIC 0.88% 68.65 Delayed Quote.14.90%
ENDESA 1.24% 23.68 End-of-day quote.17.64%
ESSILORLUXOTTICA -1.19% 133.25 Real-time Quote.22.05%
FERRARI -1.86% 140.05 End-of-day quote.61.39%
HENKEL AG & CO. KGAA -0.15% 93.74 Delayed Quote.-1.70%
INTESA SANPAOLO SPA 0.13% 2.2345 End-of-day quote.15.19%
NASDAQ 100 -0.93% 7868.490778 Delayed Quote.25.47%
NASDAQ COMP. -0.83% 8089.54332 Delayed Quote.22.93%
OCCIDENTAL PETROLEUM CORPORATION 0.30% 40.45 Delayed Quote.-34.10%
PANDORA 0.00%End-of-day quote.19.20%
PEPSICO -0.52% 136.25 Delayed Quote.23.33%
PETROBRAS DISTRIBUIDORA S.A. 0.19% 26.65 End-of-day quote.3.70%
REGENERON PHARMACEUTICALS -0.46% 300.19 Delayed Quote.-19.63%
RIO TINTO PLC 1.34% 4020.5 Delayed Quote.6.21%
S&P 500 -0.39% 2986.2 Delayed Quote.19.12%
SOLVAY 2.03% 98.32 Delayed Quote.10.35%
STARBUCKS CORPORATION -0.30% 86.03 Delayed Quote.33.59%
US DOLLAR INDEX -0.34% 97.28 End-of-day quote.0.62%

Romain Fournier
© MarketScreener.com 2019
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