Corporate results:

  • Credit Suisse - Cash outflows reached CHF 61.2bn in Q1, for a net loss of CHF 1.3bn. The bank's quarterly report is expected to be the last before its takeover by UBS.
  • Philips - The Dutch group will take a EUR575m provision in connection with the respirator recall litigation. Q1 results are higher than expected.
  • Var Energi maintains dividend despite lower Q1 operating profit.
  • Coca-Cola reported better-than-expected quarterly sales on Monday as demand for its soft drinks remained strong despite multiple price hikes.

In other news:

  • ISS recommends voting against the proposal to split HSBC 's Asian operations.
  • Bed Bath & beyond announced on Sunday that it had filed for bankruptcy protection in the US because it could not raise enough money to stay afloat. The company's shares plunged 38 percent in premarket trading to $0.18.
  • Tesla is preparing to export the Model Y to Canada from China, according to Reuters.
  • Silver Lake buys German Software AG for EUR 2.2bn (EUR 30 a share) with the blessing of the board.
  • Pacwest is reportedly exploring the sale of its Lender Finance division, according to Bloomberg.
  • Johnson & Johnson 's consumer health business will begin testing the market's appetite for an IPO, according to the Wall Street Journal.
  • Shockwave Medical is reportedly of interest to Boston Scientific.
  • Lyft will cut an additional 1,200 jobs to reduce costs.
  • Comcast - Jeff Shell, the chief executive of NBCUniversal, a subsidiary of Comcast, will leave the group after admitting to an inappropriate relationship with a female employee following a complaint that triggered an investigation.
  • CME Group has no plans to launch a nickel exchange to rival the London Metal Exchange (LME), Chief Executive Terry Duffy said on Monday, according to the Financial Times.
  • Paramount Global has agreed to pay $167.5 million to settle a dispute related to the 2019 merger of Viacom and CBS, a notice shows.
  • Today's main earnings reports: Coca-Cola, Canadian National Railway, Cadence Design, Philips, Vivendi, Var Energi... All the Calendar is here.