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GLOBAL MARKETS LIVE: Facebook, Aramco, Huawei, Xiaomi…

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09/03/2019 | 10:07am EDT

The news is relatively calm this morning, particularly as a result of yesterday's public holiday in the United States. U.S. equity-index futures heads down, following declines in Europe and Asia.

Index movements. Unibail will leave Euro Stoxx 50 for Deutsche Boerse as from 23 September. The Stoxx also made several changes in the broad Stoxx Europe 600 index, including the entry of Altice Europe and the exit of Bic. These upheavals have consequences for the securities concerned, in particular because buying or selling flows are emerging from passive management (ETFs), which must replicate the composition of the indices. The Stoxx has made several changes within the flagship broad index in Europe, the Stoxx Europe 600:
The ECB worries about the Libra. Today, one of the members of the Executive Board of the European Central Bank (ECB), Yves Mersch, warned about legal issues related to Facebook's Libra. He noted that private company conglomerates "are only accountable to their shareholders and members". "Depending on the degree of acceptance of the Libra and the indexation of the euro in its reserve basket, this could limit the ECB's power of control over the euro, disrupt the monetary policy transmission mechanism by affecting the liquidity position of euro area banks and undermine the international role of the single currency, for example by reducing demand," he said.

Aramco gets a new leader. Aramco's CEO and energy minister Khaled al-Falih will leave his position at the helm of the Saudi oil giant to Yasser al-Rumayyan, who previously chaired the kingdom's sovereign fund, a decision taken in view of the sea snake's IPO of a minority stake in the capital. This "IPO" could take place in late 2020 or early 2021. Initially, Saudi Arabia hoped to open its colossus' capital as early as 2018, but internal friction and market conditions discouraged it from doing so. To get an idea of Aramco's size, just look at its income statement for the first half of the year: the group's net profit reached 46.9 billion dollars.

Huawei furious at the U.S. Huawei accused Washington of orchestrating a campaign to intimidate its employees and launching cyber-attacks to try and infiltrate its internal technology systems, Bloomberg reports.

In other news. Xiaomi will buy back $1.5 billion of its own shares. The Chinese authorities are still planning to build a nuclear fuel enrichment site with Orano (formerly Areva), said Deputy Minister of Ecology Liu Hua. Legal proceedings are starting in Australia for Deutsche Bank, Citigroup and Australia and New Zealand Banking Group (ANZ), suspected of being involved in a cartel. AstraZeneca at the top of the stock market after encouraging data for Farxiga, a diabetes treatment that could be effective against heart problems. Papua New Guinea will start hearings on a loan granted by UBS Group for a disputed investment by the local executive in the oil sector. Telia has offered concessions to the EU to obtain its approval for the acquisition of Bonnier Broadcasting. Glencore wins a tax dispute with Australia. Roche has once again extended the deadline for completing its offer for Spark Therapeutics, as it has not received the green light from the US FTC. Truck market players in the United States (Daimler, Volvo, Navistar) are suffering from order declines due to trade tensions between China and the United States. The MCH Group sells its shares in India Art Fair.

Stocks mentioned in the article
ChangeLast1st jan.
AEDIFICA SA -0.97% 102.4 Delayed Quote.38.27%
ALLREAL HOLDING -0.52% 192.8 Delayed Quote.26.58%
ALSTRIA OFFICE REIT-AG -1.02% 16.44 Delayed Quote.35.98%
ALTICE EUROPE 0.00%End-of-day quote.0.00%
ASTRAZENECA 0.91% 6859 Delayed Quote.15.84%
BANCO BILBAO VIZCAYA ARGENTARIA 0.00%End-of-day quote.0.00%
BANCO COMERCIAL PORTUGUES 0.00%End-of-day quote.0.00%
BIC 3.15% 63.95 Real-time Quote.-30.57%
BOSKALIS WESTMINSTER NV 0.16% 19.325 Delayed Quote.-11.11%
CITIGROUP -2.37% 70 End-of-day quote.27.43%
CTS EVENTIM AG & CO. KGAA -2.59% 52.6 Delayed Quote.65.75%
DAIMLER AG 0.76% 50.03 Delayed Quote.8.14%
DEUTSCHE BANK AG -0.78% 7.127 Delayed Quote.3.19%
DJ INDUSTRIAL -0.15% 26788.1 Delayed Quote.14.84%
DKSH HOLDING AG -0.04% 46.44 Delayed Quote.-31.47%
ELIA SYSTEM OPERATOR -1.04% 76 Delayed Quote.33.39%
ENEL 0.00%End-of-day quote.-16.74%
FACEBOOK -3.91% 182.34 Delayed Quote.39.10%
GLENCORE 1.38% 234.4 Delayed Quote.-20.61%
IBERDROLA 0.51% 9.106 End-of-day quote.29.75%
IMMOFINANZ AG -0.19% 25.8 End-of-day quote.24.76%
JYSKE BANK -0.95% 239.8 Delayed Quote.3.02%
LONDON BRENT OIL -0.60% 59.22 Delayed Quote.9.51%
NASDAQ 100 -0.83% 7874.615602 Delayed Quote.24.31%
NEXI S.P.A 0.51% 9.8 End-of-day quote.0.00%
RELX -0.11% 1758 Delayed Quote.9.00%
ROCKWOOL INTERNATIONAL AS -0.16% 1275 Delayed Quote.-24.88%
S&P 500 -0.36% 2995.99 Delayed Quote.19.51%
SPRINGER S/A -0.08% 11.99 End-of-day quote.263.33%
TELEFONICA 0.72% 7.148 End-of-day quote.-2.60%
UNIBAIL-RODAMCO-WESTFIELD 0.36% 141 Delayed Quote.3.80%
VISCOFAN 0.00%End-of-day quote.0.00%
VOLVO -0.52% 144.45 Delayed Quote.25.10%
XIAOMI CORPORATION -0.46% 5.61 Delayed Quote.-31.92%

Romain Fournier
© MarketScreener.com 2019
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