-S&P 500 futures little changed at 2,640.75
-Brent futures up 1% to $60.55/bbl
-Gold spot up 0.4% to $1,308.19
-U.S. Dollar Index down 0.1% to 95.67GLOBAL NEWS:Earnings season.
In Europe, the main results of the day are published by LVMH
, The Swatch Group
, Hargreaves Lansdown
AG and Royal Mail
. In the United States, Apple
are among companies reporting earnings.
After a series of wildfires that killed more than 100 people and scorched hundreds of thousands of acres in California, PG&E
filed for Chapter 11 bankruptcy in San Francisco as investigators are trying to establish whether its equipment started wildfires. The company listed $51.7 billion in total debts and $71.4 billion in assets.ANA chooses both.
According to the latest rumors, the Japanese company had planned to sign a contract with the only Boeing. Finally, it opted for 30 B737MAX and 18 A320neo from Airbus. It's getting tough for Huawei.
The American justice system unveils 13 charges against Huawei, including claims of theft of trade secrets and trade with Iran. The Chief Financial Officer, Meng Wanzhou, is specifically implicated and should be the subject of an extradition request.SAP restructures.
After mixed figures, SAP
announced the suppression of 4400 jobs worldwide (the initial figure of "more than 3000 jobs" was later specified).Arm wrestling.
Andrea Orcel, who has been dismissed from Santander's management, is considering taking the case to court. The former UBS banker reportedly contacted Spanish lawyers for a procedure.DSM is investing. Royal DSM
will set up a 75%-owned joint venture with China's Nenter to produce vitamin E. The Dutch company will pay 135 million euros for the Chinese factories, which will keep 25% of the division. An operation welcomed this morning by Baader Helvea.Riyadh comes out covered.
The Saudi SWF reportedly covered most of its 4.9% stake in Tesla
with a derivative product, according to the Financial Times. A rather expensive operation that limits the impact of stock fluctuations on valuation.In other news. Mitsubishi
Heavy and Bombardier
are tearing each other apart in the aerospace industry. BHP considers that the conditions for the restart of the Samarco mine are not met. Unilever acquires the Laundress household brand for an unspecified amount. After the closing, Whirlpool's prospects were disappointing (-7% after the session). The social plan of the Ford factory in Blanquefort was rejected. For the first time in 10 years, Volkswagen is reducing its workforce in Slovakia. According to Reuters, Snap is thinking about permanent snaps. PG&E's counsel has opted for bankruptcy.