Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 


By the same author
More articles

GLOBAL MARKETS LIVE: Amazon, Tencent, New Media, Pernod…

share with twitter share with LinkedIn share with facebook
share via e-mail
08/06/2019 | 10:00am EDT

The combination of Summer - which is traditionally a calmer period on markets - and the lower indices has held back companies, so that the news is rather light this morning, outside the quarterly results. It should be noted that there was a financial transaction in spirits, with an acquisition for Pernod Ricard, while Jeff Bezos finally sold $2.8 billion in Amazon.com. U.S. stock-index futures heads up amid mixed global markets.


S&P 500 futures up 0.7% to 2,851.00
Brent futures up 0.5% to $60.09/bbl
Gold spot down 0.2% to $1,460.85
US Dollar Index little changed at 97.52


Earnings season. In the United States, Walt Disney, Fidelity, Becton Dickinson, Duke Energy, Zoetis, Allergan and Regeneron are among companies reporting earnings today. In Europe, Deutsche Post, Beiersdorf, Rolls-Royce, Intercontinental Hotels and Meggitt.

The right timing. Jeff Bezos finally sold $2.8 billion in Amazon.com shares between the end of July and last Friday. The group did not wish to comment. The manager had put in place a multi-year disposal plan, in particular to finance his space project, which is very resource-intensive. A rather opportune timing in view of the last stock market sessions, which saw the stock drop by nearly 8% in 5 days.

UMG in China? Vivendi has begun negotiations with Tencent to sell 10% of its musical subsidiary UMG to the Chinese group. Both groups are also evaluating other collaborations in parallel.

Marriage of reason. New Media acquires Gannett, the publisher of USA Today, for $1.4 billion. The new group will bring together 263 daily media in 47 states of the United States, plus USA Today, Gannett's flagship. The objective is to create a large reinforced media group to adapt to the digitization of the sector.

Texas whiskey in the pastis. Pernod Ricard acquired Firestone & Roberstson, owner of Texas whiskeys and TX super-premium bourbons. The amount of the transaction, which includes a state-of-the-art distillery, has not been disclosed. The group confirms its ambitions in high-end niche markets.

In other news. Blackstone could invest $560 million in its counterpart BC Partners. Marriott will take a $126 million provision on the huge data leak that affected the group. Sports Direct acquires clothing distributor Jack Wills for £12.8m. OC Oerlikon reduces its forecasts. Georg Fischer buys the American Global Supply. Daniel Kretinsky will not raise his offer on the German Metro. The famous high-end fashion brand Barney New York is bankrupt. JP Morgan Chase raises its Chinese asset management joint venture to 51%, a first in the industry.

Stocks mentioned in the article
ChangeLast1st jan.
ALLERGAN PLC 0.45% 166.47 Delayed Quote.24.55%
AMAZON.COM -1.50% 1794.16 Delayed Quote.19.45%
BECTON DICKINSON AND CO -0.65% 232.25 End-of-day quote.9.59%
BEIERSDORF AKTIENGESELLSCHAFT -0.32% 107.6 Delayed Quote.18.03%
DEUTSCHE POST AG -0.21% 30.185 Delayed Quote.26.52%
DJ INDUSTRIAL -0.59% 26935.07 Delayed Quote.16.15%
DUKE ENERGY CORP 0.83% 95.27 Delayed Quote.10.39%
GEORG FISCHER -0.90% 877.5 Delayed Quote.12.59%
INTERCONTINENTAL HOTELS GROUP PLC -0.52% 4991 Delayed Quote.17.80%
JP MORGAN CHASE & COMPANY -0.40% 118.9 Delayed Quote.22.29%
LONDON BRENT OIL -0.43% 64.62 Delayed Quote.17.36%
MARRIOTT INTERNATIONAL -1.99% 126.97 Delayed Quote.16.96%
MEGGITT PLC 0.92% 636.8 Delayed Quote.35.20%
NASDAQ 100 -0.99% 7823.553294 Delayed Quote.24.83%
NASDAQ COMP. -0.80% 8117.674437 Delayed Quote.23.32%
OC OERLIKON CORPORATION -0.77% 10.25 Delayed Quote.-7.25%
PERNOD RICARD -0.24% 164.4 Real-time Quote.14.72%
REGENERON PHARMACEUTICALS 3.40% 295.87 Delayed Quote.-20.78%
ROLLS-ROYCE -2.10% 792.8 Delayed Quote.-4.48%
S&P 500 -0.49% 2992.07 Delayed Quote.19.36%
SPORTS DIRECT INTERNATIONAL 1.38% 279.6 Delayed Quote.17.58%
TENCENT HOLDINGS LTD -0.24% 337.6 End-of-day quote.7.24%
US DOLLAR INDEX 0.25% 98.513 End-of-day quote.1.89%
VIVENDI -0.64% 24.94 Real-time Quote.17.20%
WALT DISNEY COMPANY (THE) -0.77% 132.27 Delayed Quote.20.63%
ZOETIS 1.09% 125.62 Delayed Quote.46.86%

Romain Fournier
© MarketScreener.com 2019
share with twitter share with LinkedIn share with facebook
share via e-mail