US MARKETS:

S&P 500 futures up 0.4% to 2,902.00
Brent futures up 0.8% to $71.37/bbl
Gold spot little changed at $1,293.38
US Dollar Index down 0.3% to 96.93

GLOBAL NEWS:

Earnings season. Fabe, Iren, Kaufman, JP Morgan Chase, Wells Fargo, PNC Financial, Tata Consultancy and Infosys are among companies reporting earnings today.

Nexi’s big IPO. The initial public offering of payment-service company Nexi raised 2.01 billion euros ($2.3 billion), Bloomberg reports. This is the biggest IPO so far this year in Europe. Shares were offered at 9 euros each, giving the company a value of 7.3 billion euros including debt.

Disney+ vs. Netflix. Walt Disney will launch a streaming video service in November to compete with Netflix. The platform, called "Disney+", will be offered at USD 6.99 per month. It will start with in-house programs, which include not only Disney productions, but also Pixar productions or the Star Wars and Marvel franchises, as well as the National Geographic channel.

Toshiba tumbles. Toshiba falls on the stock market after the abandonment of the project to sell its American LNG division to ENN Energy of China. Its share was down by 5.4% on Friday on the Tokyo Stock Exchange. The industrial giant, in the midst of restructuring, announced that the planned buyer of its liquefied natural gas business in the United States had cancelled its offer to purchase.

Praised be the Model 3. Tesla is starting a rental offer for its Model 3 in the United States. The manufacturer's objective is to expand the customer base, at a time when investors are questioning the group's ability to meet its objectives.

IPO imminent. Uber has submitted its initial public offering file, including its accounts, without specifying at this stage the amount of the fundraising it is considering or the valuation chosen. The last round of funding set up by the department had valued it at $76 billion, but recent rumors had mentioned $120 billion and then $100 billion.

First market. Honda estimates that its Chinese sales will join its American sales within two to three years. In 2018, the Japanese manufacturer sold approximately 1.4 million vehicles in China and 1.7 million in the United States.

LVMH, the hotelier. LVMH is implementing its reinforcement projects in the hotel industry with the acquisition of Belmond, which will be completed on April 17. The transaction was announced at the end of 2018, for a total amount of $3.2 billion. Belmond owns resorts on several continents.

In other news. Santander will buy back the balance of the shares of its Mexican subsidiary that it does not yet own. Deutsche Bank will be confronted at its next general meeting with the motion of an activist shareholder who wants to have the chairman of the supervisory board, Paul Achleitner, dismissed for poor performance and his plan to merge with Commerzbank. The general meeting of Banca Monte dei Paschi rejects a shareholder's proposal to challenge the former directors for their management. Stadler Rail is listed on the Zurich Stock Exchange at CHF 38 per share. J. Crew is considering a Madewell IPO.