US MARKETS:

- S&P 500 futures little changed at to 2,811.50
- Brent Futures down 0.7% to $67.37/bbl
- Gold spot down 0.1% to $1,308.46
- U.S. Dollar Index up 0.3% to 97.02

GLOBAL NEWS:

Pressure on the FAA. Boeing has finalized the software update for the B737 MAX, which the FAA has not yet reviewed. US companies have already indicated that they will only fly the aircraft again once the software has been certified by the civil aviation authorities, which are heavily responsible for it, especially since their involvement in the initial certification process.

Ray-Ban vs. Varilux. Delfin called on the ICC to resolve the governance crisis at EssilorLuxottica. Positions are therefore becoming more radical on the issue, which is a bad omen for the operational conduct of business. Leonardo Del Vecchio's holding company wants the arbitral tribunal to declare that the merger agreements signed in 2017 were violated by Hubert Sagnières and the company created by the merger.

Surprise. In China, Valeo won a lawsuit for counterfeiting against two local windshield wiper manufacturers. Some people want to see this as a change in Chinese economic practices towards foreign companies.

It's said! Unlike Renault and Peugeot, Volkswagen is not interested in the Fiat Chrysler case. It is its boss that claimed it in several European dailies this morning.

Geely Smart, it's confirmed. Daimler will develop Smart's next generation electric cars in China in partnership with China's Geely, as a joint venture, as recent rumors have suggested. Details will be finalized by the end of the year.

Swedbank is dismissing its CEO. The Swedish bank's money laundering case cost its CEO, Birgitte Bonnesen, her job. The CFO will act as interim CFO. Swedbank has requested the suspension of its listing on the Stockholm Stock Exchange, to give the market time to digest the news.

Not so simple. Opponents of a merger between Deutsche Bank and Commerzbank are making their voices heard, particularly among the latter's employees. Bloomberg also reveals that DB would be burdened by the quality of its rival's credit portfolio.

Another defeat for Monsanto. Bayer loses a new round in the Roundup case, since an American jury awarded $81 million in damages to a plaintiff who had attacked Monsanto, now a subsidiary of the German company that will appeal the decision. These are the sequel to the trial that occupied the media spot last week. Bayer believes that this judgment "does not change the weight of 40 years of science and the conclusions of regulatory agencies around the world who claim that our glyphosate herbicide is safe and not carcinogenic". The complainant's lawyer stated that "Science has shown us for 40 years that Roundup can cause cancer". They obviously don't have the same sources.

FB against extremism. Facebook bans the apology of white nationalism on its platforms. The message was posted on the company's blog, which states that the measures will take effect next week on Facebook and Instagram. The Californian claims to be involved in a vast program of transparency, data protection and quality of publications on its platforms. Observers are still skeptical.

In other news. JP Morgan Chase is about to cut hundreds of positions. Lyft raises its IPO range to "$70 to $72" per share from $62 to $68 previously. PG&E creditors, including Elliott and Pimco, are proposing a $35 billion plan to get the group out of bankruptcy proceedings in one year. Lululemon clearly exceeds performance expectations. ON Semiconductor will acquire Quantenna for $1.07 billion. BHP would consider buying Bluewater. Honda and Hino join Toyota and Softbank in mobility services.