US MARKETS:

S&P 500 futures down 0.8% to 2,864.25
Brent futures down 0.3% to $70.15/bbl
Gold spot up 0.3% to $1,285.02
US Dollar Index little changed at 97.58

GLOBAL NEWS:

Earnings season. Deutsche Telekom, Zurich Insurance, Natixis, HeidelbergCement, Unicredit, Swiss Life, Moncler, Altarea, Softbank, Booking, Vale, Duke Energy, Mitsubishi, Keurig Dr Pepper are among companies reporting earnings today.

Stock market battle? According to Bloomberg, Anadarko could be looking for a higher bid from Chevron on Occidental Petroleum's offer. Chevron is the initial purchaser, but Anadarko has ruled this week that Western's bidding is more in the interest of its shareholders... unless a more lucrative proposal is made.

Deutsche Bank shareholders start rebellion. After Deutsche Bank and Commerzbank finally renounced their merger, several shareholder representatives of Deutsche Bank expressed their anger against the German bank's management for failing to adjust its accounts, promising a difficult general meeting on May 23. ISS, an influential company making recommendations for voting at meetings, blames the bank for the damage caused to the bank's reputation, especially in terms of anti-money laundering and financial performance, according the Frankfurter Allgemeine Zeitung.

Novartis is offering Xiidra. Novartis will acquire Takeda's Xiidra (ophthalmology) for $3.4 billion in upfront payment, with a potential invoice of $5.3 billion. Xiidra is the only approved treatment for dry eyes in the United States, with an annual turnover of $400 million. The Japanese seeks to reduce its debt after the purchase of Shire for 46 billion pounds. 

These dear satellites. According to French newspaper Les Echos, the last two satellite contracts announced by Airbus would represent more than €1 billion in revenues. The agreements concerned two satellites for Hisdesat (in consortium with Thales Alenia Space) and one for MEASAT.

Mickey's shining. The acquisition of Fox and the amusement parks boost Walt Disney's results in the first calendar quarter, the group's second fiscal quarter ending September 30. The rest is not too bad, especially considering the success of the latest Avenger movie in the cinema. 

Low profile for Uber. Scalded by Lyft, Uber has placed the cursor in the middle of the price range, rather than at the top, for its initial public offering, or even at the bottom of the forecasts. Theoretically, the actions are proposed between USD 44 and USD 50. Even at the lower end of the range, the group's capitalization would approach $80 billion. It must be said that the return of questions about the Sino-American trade agreement is making investors nervous.

In other news. Intel's 3-year plan is a little disappointing to the market. Barrick Gold will sell assets by mid-2020 after the acquisition of Rangold and the creation of the joint venture with Newmont Mining. Adidas and Real Madrid rebuild until 2028. General Motors sells a plant in Workhorse and plans to invest $700 million in Ohio. Metro starts exclusive negotiations for the sale of the Real hypermarket chain to the Redos fund for 1 billion euros. Enel plans to increase its investments in renewable energy, particularly in the two Americas and Italy. Panasonic and Toyota join forces in the connected house. Visa finally takes control of Earthport.