GLOBAL MARKETS LIVE: Barclays, Ford, Facebook, Walmart…

05/15/2019 | 09:39am

Rumors continue about the future of Commerzbank, while the context remains difficult for Chinese telecom equipment manufacturers. US stock-index futures remain flat, along with European shares, while Asian equities inched up.


S&P 500 futures little changed at 2,839.25
Brent futures down 0.3% to $71.06/bbl
Gold spot up 0.1% to $1,298.37
US Dollar Index down 0.1% to 97.47


Earnings season. Tencent Holdings, Alibaba Group, Cisco Systems, Sumitomo Mitsui, Progressive Corp., Crédit Agricole, CGG, Compass, Euronext, Grieg Seafood, Kingfisher, LafargeHolcim, RWE, Salzgitter, TUI and William Hill are among companies reporting earnings today.

To charge Barclays or not to charge Barclays? The Bank of England warned prosecutors that a criminal charge against Barclays could directly threaten the existence of the lender, with unpredictable consequences, according to the Financial Times. Prosecutors allege that Barclays misled shareholders by not disclosing that it paid an extra 322 million pounds to Qatar through advisory service agreements that were not genuine.

Ford recalls 270,000 vehicles. The car manufacturer is recalling 270,000 Ford Fusion cars in North America that have a fault letting the driver remove the ignition key when the vehicle is not in park, Reuters reports.

Sì o no? Unicredit SpA denied that it had mandated counsel for a possible transaction on Commerzbank, contrary to rumors that were circulating. Yesterday, the German bank's share jumped after the corridor noises.

More restrictions. Facebook has adopted new restrictions on live video broadcasting in response to the Christchurch massacre. At the same time, the company has released $7.5 million to invest in partnerships with three universities to improve still image and video analysis.

24h Chrono. WalMart Stores is responding to by launching a free 24-hour delivery service in the United States. The service starts this week in some American cities, and will be extended later. In addition, the distributor would still consider listing its British subsidiary Asda on the stock market.

Banishment. The president of Chinese telecom equipment manufacturer Huawei says he is ready to sign non-espionage agreements. According to Reuters, Donald Trump could sign a law this week prohibiting American companies from using telecommunications equipment that poses a risk to national security.

In other news. Pirelli issued a warning because of a sluggish OE market. German automotive supplier Leoni is exploring all strategies to secure its long-term financing. Unicaja and Liberbank will not merge. CrowdStrike is targeting the New York Stock Exchange. AbbVie and Boehringer Ingelheim have signed an agreement to bury their litigation in the United States.

Romain Fournier
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