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Dynamic quotes 
OFFON

Romain
Fournier

Chief Editor
By the same author
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GLOBAL MARKETS LIVE: Credit Suisse, Apple, Aramco, WeWork…

10/01/2019 | 09:28am EST

Today, we are starting the last quarter of the year. On equity markets, the third quarter ended with a generally positive balance sheet. In the United States, the last session of the week ended yesterday on a positive note thanks to the renewed momentum of technological stocks, despite the political chaos threatening the United States. Today, U.S. stock-index futures rise with Asian shares, while European equities drop.

US MARKETS:

S&P 500 futures up 0.3% to 2,987.25

Brent futures down 1.5% to $59.90/bbl

Gold spot down 0.6% to $1,464.37

US Dollar Index up 0.1% to 99.50

 

GLOBAL NEWS:

The oil market yesterday floundered at the announcement of the restoration of high production capacity in Saudi Arabia. The media frenzy over the consequences of the attack on Aramco's facilities quickly dissipated and prices returned to their then current levels. However, this event weighed on September's production, which, according to Reuters, was 28.9 million barrels per day, its lowest level since 2011. An air gap for the moment without any consequences on the market balance.

Buoy goes, Thiam stays. The extraordinary case of the spying by the Credit Suisse banker at UBS AG took a dramatic turn with the suicide of one of the protagonists who had participated in the hiring of private investigators. At the same time, today, the bank announced the resignation of Pierre-Olivier Buoy from his position as COO, replaced by James B. Walker. The COO has allegedly taken the initiative of spying alone, without referring to CEO Tidjane Thiam. The security manager also left the bank.

Good start. Tim Cook contributed to the renewed confidence of American technology yesterday, after explaining to Bild that sales of the new iPhone 11s had started well, while at the same time JPMorgan raised its sales forecast for Apple's flagship product. The American bank confirmed its overweight recommendation and raised its price target from USD 242 to 265.

In other news. Aramco promises to pay $75 billion in dividends each year between 2020 and 2024 to attract investors ahead of the IPO that everyone is talking about but that no one has yet seen. In the same vein, WeWork is currently abandoning its IPO after much negative publicity. The strike at General Motors in the United States is at the beginning of its third week, with no significant progress. SGS buys the Finnish FIOH. Implenia holds an investor day. KPN will finally appoint Joost Farwerck as CEO.


© MarketScreener.com 2019
Stocks mentioned in the article
ChangeLast1st jan.
APPLE 0.00%End-of-day quote.0.00%
CREDIT SUISSE GROUP AG 1.39% 11.64 Delayed Quote.-12.40%
DJ INDUSTRIAL 0.88% 29898.56 Delayed Quote.4.81%
EURO / US DOLLAR (EUR/USD) 0.93% 1.2048 Delayed Quote.6.46%
GENERAL MOTORS COMPANY 2.30% 44.84 Delayed Quote.19.78%
IMPLENIA AG -0.78% 22.8 Delayed Quote.-33.97%
JPMORGAN CHASE & CO. 2.22% 120.48 Delayed Quote.-13.04%
KPN PROPERTY FUND 0.00% 7.15 End-of-day quote.-14.37%
LONDON BRENT OIL -0.59% 47.44 Delayed Quote.-27.86%
NASDAQ 100 1.55% 12465.148686 Delayed Quote.40.48%
NASDAQ COMP. 1.30% 12363.024825 Delayed Quote.36.03%
RISE, INC. 0.00% 24 End-of-day quote.-20.00%
S&P 500 1.27% 3668.24 Delayed Quote.12.10%
SAUDI ARABIAN OIL COMPANY 0.70% 36 End-of-day quote.2.13%
SGS AG -0.70% 2571 Delayed Quote.-2.34%
THE GLOBAL LTD. 6.25% 289 End-of-day quote.-38.64%
UBS GROUP AG 0.89% 13.005 Delayed Quote.5.44%