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OFFON

Romain
Fournier

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

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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.

US 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

GLOBAL NEWS:

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%
FIDELITY NATIONAL INFORMATION SERVICES -1.56% 131.81 Delayed Quote.28.53%
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
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