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Dynamic quotes 
OFFON

Romain
Fournier

Journalist
By the same author
More articles

GLOBAL MARKETS LIVE: Apple, EssilorLuxottica, Air France, KLM…

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07/31/2019 | 10:14am EDT

Corporate publications still dominate the news with a few heavyweights such as L'Oréal, Airbus, or EssilorLuxottica. The latter confirmed the acquisition of GrandVision for €5.5 billion. Apple reassured with its accounts last night. Credit Suisse and Swiss Re published above expectations. Us equities advance, while global equity markets remain mixed.

US MARKETS:

S&P 500 futures up 0.2% to 3,019.50
Brent Futures up 0.9% to $65.16/bbl
Gold spot down 0.02% to $1,430.53
US Dollar Index up 0.06% to 98.11

GLOBAL NEWS:

Earnings season. Airbus, BNP Paribas, EssilorLuxottica, Vinci, Intesa, Lloyds, Glencore, LafargeHolcim, Credit Suisse and many others in Europe. Qualcomm, American Tower, General Electric, Automatic Data Processing, CME Group, Dominion Energy or Simon Property in the United States.

Overview of corporate results:

-Apple is reassuring with rather solid results and prospects at the top of the expectations range, even if iPhone sales are under surveillance, which does not prevent the stock from progressing after the session. For Samsung, the reading is less favorable with a significant drop in profits. Amgen, Mondelez and Gilead have also published good figures. Swiss Re far exceeds expectations, while Credit Suisse is above consensus. Fiat Chrysler publishes above expectations thanks to the United States. General Electric is raising its forecasts.

-In Europe, Air France KLM and BNP Paribas reassured with results that contrasted with those of their counterparts. Vinci and Eutelsat also received a warm welcome for their quarterly reports, and to a lesser extent those of Mersen, LafargeHolcim and M6 Métropole Télévision. Heavy disappointments on the other hand on Manitou and Bic. L'Oréal lost 3% due to slower organic growth, slightly below 7%. Fresh welcome also for the figures of X-Fab and Wendel. In Europe, Umicore, Puma and Solvay shine after their results, with gains of more than 3.5%. Glanbia sinks after a warning, while Lloyds' figures disappoint.

EssilorLuxottica acquires GrandVision. It is official, EssilorLuxottica will buy back the 76.72% held by HAL in GrandVision on the basis of EUR 28 per share, and will launch a takeover bid on the balance of the shares. The price will be revised upwards to EUR 28.42 if the acquisition is not completed within 12 months of the announcement. The network is thus valued at €5.5 billion. GrandVision provides 7200 stores and online outlets in more than 40 countries, with 37,000 employees and annual sales of €3.7 billion.

A contract and a funeral. In line with rumors, Air France-KLM has placed a firm order for 60 A220-300s from Airbus to replace its A318s and A319s from 2021, while removing its A380s from service.

In other news. New Delhi prohibits Anheuser-Busch Inbev from selling beer on its territory for three years on a tax evasion case. Roche is once again extending its offer period for Spark Therapeutics. The Hong Kong Stock Exchange closed earlier than expected due to a storm warning. Nestlé is investing CHF 99 million to increase production in Indonesia. Audi's former boss is going to be tried for fraud in the dieselgate case.
Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 5.19% 3.545 Real-time Quote.-64.28%
AIRBUS SE 3.06% 65.68 Real-time Quote.-49.66%
AMERICAN TOWER CORPORATION (REIT) 1.40% 260.17 Delayed Quote.13.21%
AMGEN INC. -1.52% 243.59 Delayed Quote.1.05%
ANHEUSER-BUSCH INBEV 2.67% 47.56 Delayed Quote.-34.59%
APPLE INC. 0.67% 438.66 Delayed Quote.48.39%
AUTOMATIC DATA PROCESSING, INC. 1.70% 136.74 Delayed Quote.-21.14%
BNP PARIBAS 2.04% 36.185 Real-time Quote.-31.51%
CME GROUP INC. 0.08% 163.13 Delayed Quote.-18.73%
CREDIT SUISSE GROUP AG 0.22% 10.01 Delayed Quote.-23.62%
DJ INDUSTRIAL 0.62% 26828.47 Delayed Quote.-6.57%
DOMINION ENERGY, INC. 0.68% 80.88 Delayed Quote.-2.34%
ESSILORLUXOTTICA 0.00% 110.5 Real-time Quote.-18.63%
EURO / US DOLLAR (EUR/USD) 0.01% 1.18148 Delayed Quote.4.89%
EUTELSAT COMMUNICATIONS 2.55% 8.768 Real-time Quote.-39.49%
FIAT CHRYSLER AUTOMOBILES N.V. 3.93% 9.39 Delayed Quote.-28.83%
GENERAL ELECTRIC COMPANY 0.49% 6.14 Delayed Quote.-44.98%
GILEAD SCIENCES, INC. -1.19% 70.88 Delayed Quote.9.08%
GLANBIA 0.00%End-of-day quote.0.00%
GLENCORE PLC 0.90% 182.54 Delayed Quote.-22.44%
GRANDVISION N.V. -1.22% 24.25 Delayed Quote.-11.56%
INTESA SANPAOLO SPA 5.00% 1.7936 Delayed Quote.-23.63%
JUST GROUP PLC 1.03% 45 Delayed Quote.-43.04%
KLM 0.54% 0.935 Delayed Quote.0.00%
L'ORÉAL 1.26% 281.6 Real-time Quote.6.67%
LAFARGEHOLCIM LTD -0.48% 43.63 Delayed Quote.-18.75%
LLOYDS BANKING GROUP PLC 1.15% 28.155 Delayed Quote.-54.95%
LONDON BRENT OIL 0.18% 44.36 Delayed Quote.-34.20%
MONDELEZ INTERNATIONAL, INC 0.16% 55.58 Delayed Quote.0.91%
NASDAQ 100 0.38% 11096.539063 Delayed Quote.26.59%
NASDAQ COMP. 0.35% 10941.165728 Delayed Quote.21.51%
NESTLÉ S.A. -0.93% 108.82 Delayed Quote.2.70%
PUMA SE -3.11% 64.28 Delayed Quote.-5.95%
QUALCOMM, INC. 1.24% 110.95 Delayed Quote.25.75%
S&P 500 0.36% 3306.51 Delayed Quote.2.34%
SAMSUNG ELECTRONICS CO., LTD. 0.88% 57300 End-of-day quote.2.69%
SIMON PROPERTY GROUP, INC 3.21% 62.99 Delayed Quote.-57.71%
SOLVAY SA 2.25% 68.2 Delayed Quote.-33.98%
SWISS RE LTD 0.00%End-of-day quote.11.28%
SWISS RE LTD -1.13% 71.76 Delayed Quote.-33.98%
THE GLOBAL LTD. 6.88% 202 End-of-day quote.-57.11%
UMICORE -2.57% 39 Delayed Quote.-10.06%
VINCI SA 0.13% 75.78 Real-time Quote.-23.45%
WENDEL -0.18% 82.3 Real-time Quote.-30.55%
WILL GROUP, INC. 4.06% 564 End-of-day quote.-54.95%
X-FAB SILICON FOUNDRIES SE 2.78% 3.14 Real-time Quote.-24.70%

Romain Fournier
© MarketScreener.com 2019
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