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Dynamic quotes 
OFFON

Romain
Fournier

Journalist
By the same author
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GLOBAL MARKETS LIVE: Facebook, Levi’s, Nike, Standard Chartered…

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03/22/2019 | 09:47am EST

Today, yet another case of breach of user data protection at Facebook. We also have some news about IPOs, planned or presumed. U.S. stock-index futures and European shares dropped following weak PMI data in Germany.




US MARKETS:

-S&P 500 futures down 0.3% to 2,855.25
-Brent futures down 0.5% to $67.52/bbl
-Gold spot up 0.1% to $1,311.17
-US Dollar Index up 0.1% to 96.63

GLOBAL NEWS:

Another breach. Hundreds of millions of email addresses stored without encryption were accessible to Facebook employees for years. The group assures that the information has never been taken off its servers, but this case has been piling up with many others for several months, which show a worrying laxity on the part of the Californian giant in securing data. Wall Street is not resentful since the title progressed yesterday, certainly less than the Nasdaq, but still improved.

Too big, too risky? The European banking authorities are concerned about the systemic risk induced by the merger of Deutsche Bank and Commerzbank. The DB boss, on the other hand, thinks only of the good of such an operation. Since the financial crisis, the two institutions have not stood out for their solidity.

Anti-money laundering. Also in the European banking industry, Swedbank's board of directors decided to carry out an in-depth audit of the money laundering charges against it. The Board reiterated its confidence in CEO Birgitte Bonnesen.

IPO news. Levi Strauss flies 30% for his return to the New York Stock Exchange. Uber have selected the NYSE for its initial public offering this year, with a prospectus that could be filed in April, with experts estimating that the file could be worth $120 billion. Pinterest is also looking at the NYSE in April, Dow Jones learned. Alcon (Novartis) will arrive in Zurich on April 9 and will immediately join the SMI.

A step backwards. Nike's results disappoint and significantly reduce the title after the session. To be more precise, the company exceeded consensus expectations for its third fiscal quarter, which ended at the end of February, but its sales in North America, its key market, remained disappointing.

Some resolution? Vivendi and Elliott are open to a compromise on Telecom Italia, Bloomberg learned from a good source, in order to break the deadlock caused by their arm-wrestling on the board of directors. La Cassa depositi e prestiti, which holds 10% of the capital, would act as an arbitrator. However, no direct contact would have taken place between the two belligerents.

Difficult session for Nokia. In a document filed with the SEC, the company revealed the existence of an internal investigation into suspected accounting irregularities at the Alcatel Lucent subsidiary. The competent authorities have been alerted. As a result, the Nokia stock fell on the stock market.

In other news. Investors are dissatisfied with Standard Chartered's boss's compensation, according to the Financial Times. Intesa takes 10.7% of the Camfin investment vehicle. Garuda Indonesia wants to cancel its order for 49 B737 MAX from Boeing.
Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) -1.75% 330.38 Delayed Quote.3.85%
COMMERZBANK AG -3.41% 6.52 Delayed Quote.22.35%
DEUTSCHE BANK AG -3.47% 9.524 Delayed Quote.42.63%
DJ INDUSTRIAL -0.78% 28992.41 Delayed Quote.2.84%
FACEBOOK -2.05% 210.18 Delayed Quote.4.55%
INTESA SANPAOLO SPA -1.12% 2.5215 Delayed Quote.8.58%
LEVI STRAUSS JAPAN KABUSHIKI KAISHA 0.00% 1557 End-of-day quote.0.19%
NASDAQ 100 -1.88% 9446.687755 Delayed Quote.10.27%
NASDAQ COMP. -1.79% 9576.590101 Delayed Quote.8.47%
NOKIA 0.00% 5.25 End-of-day quote.0.00%
PINTEREST, INC. -4.50% 22.48 Delayed Quote.26.29%
S&P 500 -1.05% 3337.75 Delayed Quote.4.81%
SMI -0.39% 11110.78 Delayed Quote.4.99%
US DOLLAR INDEX 0.16% 99.87 End-of-day quote.3.17%
VIVENDI 0.88% 25.14 Real-time Quote.-3.49%

Romain Fournier
© MarketScreener.com 2019
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