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OFFON

Romain
Fournier

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GLOBAL MARKETS LIVE: BHP Group, Netflix, Amazon, LVMH…

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07/17/2019 | 09:41am EDT

The arrival of corporate results overshadows other corporate news. Today’s session includes new figures and forecasts for 2019, with some sector-specific barometers in Europe, such as Swatch in luxury, ASML in semiconductors and Ericsson in networks, but also in the United States with the first tech companies, IBM and Netflix. US stock-index futures are edging up amid mixed global equities.

US MARKETS:

S&P 500 futures up 0.1% to 3,011.00
Brent futures up 0.7% to $64.81/bbl
Gold spot down 0.3% to $1,402.29
US Dollar Index little changed at 97.35

GLOBAL NEWS:

Earnings season. Bank of America, Netflix, Abbott, BHP Group, International Business Machines, The Swatch Group, ASML, U.S. Bancorp, eBay, Assa Abloy, Ericsson, Sandvik, Swedbank, Temenos, Ubisoft, Soitec and GL Events are among companies reporting earnings today.

Back in the iron. BHP Group's iron production has declined over the past 12 months, but is expected to recover in the new year, according to the mining giant. After 238 million tonnes for the year ended at the end of June, the cursor is placed between 242 and 253 million tonnes for the new fiscal year.

Lower, but watch the calendar. The European automotive market fell sharply in June, according to ACEA, with registrations down 7.8% to 1,446,183 units. Over the first half of the year, registrations were down 3.1%. In June. However, it should be noted that the month had only 19 working days compared to 21 a year earlier.

Greater control. American parliamentarians are calling for more control over Internet giants like Apple, Amazon.com, Facebook or Google. Yesterday at a hearing session, they asked angry questions, such as Facebook's privacy policy, Amazon's accusations of forced sales of ads to third party online merchants or Apple's charges for marketing apps on its platforms.

Brussels investigates Amazon. The European Commission suspects that the e-commerce giant is collecting and exploiting data generated by third party vendors on its platform. Amazon could be fined or forced to change its practices. The investigation opens a new chapter in the already tensed relations between Brussels and the digital giants on the antitrust front.

Green light for NSH. The European Commission has approved the acquisition of Nestlé Skin Health by the EQT fund. Nestlé started exclusive negotiations a few weeks ago to separate from this division, which essentially includes the Galderma dermatology laboratory.

On the numbers side. United Continental is doing better than expected in the second quarter despite the B737 MAX crisis, CSX warns, while Wells Fargo is falling back, unlike JPMorgan Chase and Goldman Sachs after their quarters. In Europe, the luxury and semiconductor sectors will react respectively to the figures published by The Swatch Group and the duo Dialog Semiconductor / ASML today: the reaction is positive on both sides.

Bernard in front of Bill. The increase in LVMH shares enabled French billionaire Bernard Arnault to take over Bill Gates (Microsoft) to become the second richest man in the world in the Bloomberg ranking of billionaires, with an estimated fortune of 108 billion dollars compared to 107 billion dollars for the American billionaire. The share price of the luxury group reached a historic high at the meeting at EUR 386.05, giving the company a capitalization of nearly 192 billion euros. Jeff Bezos (Amazon.com) remains at the top of this ranking which, like all the charts of this type, can attract some criticism.
Ranking of Bloomberg billionaires on July 16, 2019 (Bloomberg screenshot)

In other news. Chinese Weichai could replace the Italian luxury boat manufacturer Ferretti on the stock market, according to Reuters. Moody's will sell Moody's Analytics Knowledge. Baloise completes the acquisition of Fidea, Polyphor abandons its phase III with the antibiotic murepavadin intravenously but not inhaled. 
Stocks mentioned in the article
ChangeLast1st jan.
ABBOTT LABORATORIES 0.92% 85.56 Delayed Quote.18.29%
ALPHABET 1.80% 1200.44 Delayed Quote.14.88%
AMAZON.COM 1.31% 1816.12 Delayed Quote.20.92%
APPLE 1.86% 210.35 Delayed Quote.33.35%
ASML HOLDING N.V. 1.91% 195.08 Delayed Quote.42.23%
ASSA ABLOY 0.19% 215.6 Delayed Quote.36.07%
BHP GROUP LTD 0.22% 36.25 End-of-day quote.5.67%
CSX 0.19% 131.6 End-of-day quote.0.00%
DJ INDUSTRIAL 0.96% 26135.79 Delayed Quote.12.04%
EBAY INC. 0.92% 40.39 Delayed Quote.43.89%
ERICSSON 0.14% 78.8 End-of-day quote.0.00%
FACEBOOK 1.34% 186.17 Delayed Quote.42.02%
GL EVENTS 0.62% 24.4 Real-time Quote.41.70%
GOLDMAN SACHS GROUP INC 1.39% 202.2 Delayed Quote.21.04%
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.96% 135.04 Delayed Quote.18.80%
JPMORGAN CHASE & CO. 1.14% 97.95 End-of-day quote.16.01%
LONDON BRENT OIL 0.10% 59.67 Delayed Quote.7.76%
LVMH MOËT HENNESSY VUITTON SE 2.41% 356.85 Real-time Quote.38.21%
MICROSOFT CORPORATION 1.67% 138.41 Delayed Quote.36.27%
NASDAQ 100 1.52% 7719.323313 Delayed Quote.20.13%
NASDAQ COMP. 1.35% 8002.812313 Delayed Quote.19.00%
NESTLÉ S.A. 1.22% 109.08 Delayed Quote.35.04%
NETFLIX 2.17% 309.38 Delayed Quote.15.59%
S&P 500 1.21% 2923.65 Delayed Quote.15.23%
SANDVIK 8.56% 158.5 End-of-day quote.0.00%
SOITEC 3.14% 88.7 Real-time Quote.75.30%
SWEDBANK 0.24% 125.75 Delayed Quote.-36.56%
TEMENOS 1.30% 164.77 Delayed Quote.35.86%
THE SWATCH GROUP 1.26% 265.1 Delayed Quote.-8.69%
U.S. BANCORP 0.19% 838 Delayed Quote.11.74%
UBISOFT ENTERTAINMENT 1.76% 73.04 Real-time Quote.3.63%
UNITED CONTINENTAL HOLDINGS INC 1.15% 83.89 Delayed Quote.0.19%
US DOLLAR INDEX 0.12% 98.26 End-of-day quote.1.63%
WELLS FARGO 0.00%End-of-day quote.0.00%

Romain Fournier
© MarketScreener.com 2019
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