US MARKETS:

-S&P 500 futures up 0.1% to 2,839.75
-Brent Futures up 0.4% to $67.85/bbl
-Gold spot down 0.3% to $1,302.97
-US Dollar Index up 0.1% to 96.50

GLOBAL NEWS:

Difficult road in China. Nissan Motor is planning to significantly reduce its medium-term projections for the Chinese market, Bloomberg said. The reduction of the 2022 targets could reach 8%. In addition, the trial of Carlos Ghosn could start in the autumn, according to press reports.

Europe imposes €1.49 billion fine on Google. The European Commission said Google is stifling competition from AdSense, its contextual advertising system. It believes that Google artificially limited the possibility for AdSense for search users to use Google's competing contextual ad display services.

Nice contract for TechnipFMC. TechnipFMC has been awarded a significant contract with Equinor, worth between $75 million and $250 million. The agreement was signed for the development of phase two of the Johan Svedrup project in the Norwegian North Sea. The oil services group will deliver and install subsea production systems.

Moncler loses a shareholder. Eurazeo will sell the 4.8% of Moncler's capital that it still holds. On the basis of current prices, the market value of the participation is around €454 million. Eurazeo succeeded in placing its shares at EUR 36.5, a modest discount from the previous day's price (EUR 37.05).

Areas to PAI? According to information obtained by Reuters, the PAI Partners fund is in pole-position to take over Elior's concession catering activities, whose price could reach €1 to €1.5 billion. Lone Star and Gategroup would be the other two claiming companies. The amounts mentioned disappointed investors, who punished Elior on the stock market.

The pressure is rising. The US government has requested an audit of Boeing's B737MAX certification process. The company also announced a redesign at the engineering controls of its business unit. Boeing continues to produce the aircraft, but has stopped its deliveries.

Cyber-attack. Aluminum prices are peaking after a major computer attack hit producer Norsk Hydro. The Norwegian company pointed out that production has ceased at some of these sites, but that others continue to operate in "manual" mode. According to initial reports, the network has been infected by ransomware, which could have a common strain with LockerGoga, which hit Altran a few weeks ago.

Setback for Bayer / Monsanto. California jurors believe that Monsanto's glyphosate, now a subsidiary of Bayer, is a "significant factor" in triggering cancer in a California resident. A new blow for the German, whose timing of the American's buyback is still in question. The second phase of the trial will now begin, in order to determine possible liabilities.

Google adapts. Alphabet's subsidiary yesterday unveiled a new video game streaming service. In parallel, the Californian announced that he will give Android users the choice to determine a preferred search engine, in order to allay the European Union's fears. Further adjustments have been promised for the coming months.

BMW shaken. The German manufacturer is losing nearly 5% in Frankfurt after announcing that its profits will be much lower this year than in 2019. Of course, BMW is caught up by the tightening of European standards after having a priori, like its counterparts, taken some largesse with the regulations.

Cellnex looks at TDF. The Spanish would be willing to buy 60% of its French counterpart TDF, according to the Spanish newspaper Expansion. Cellnex has a fleet of telecom towers almost twice as large as the French one.

In other news. Kingfisher is changing general management. A consortium led by Tencent would plan to invest $3 billion in AS Watson, according to Bloomberg. Anheuser-Busch InBev appoints Marty Barrington, former CEO of Altria, as Chairman of the Board of Directors. Inmarsat received an informal buyback offer at USD 7.21 per share from a consortium of investment funds. Lyft's IPO is already oversubscribed. The FedEx results are disappointing.