US MARKETS:

S&P 500 futures up 0.02% to 3,072.50

Brent Futures down 0.7% to $62.53/bbl

Gold spot up 0.2% to $1,486.78

US Dollar Index down 0.2% to 97.83

 

GLOBAL MARKETS:

Earnings season. AXA, Adidas, BMW AG, Ahold Delhaize, Société Générale, Sampo, Kerry, Barry Callebaut, Swiss Life, Wirecard, Costco Wholesale, Qualcomm, Softbank and CVS Health are among companies reporting earnings.

The little one eats the big one. Xerox would consider a cash and securities offer on HP Inc, the Wall Street Journal reported. The computer manufacturer currently has a stock market value of $27 billion, much higher than Xerox and its $7.7 billion. But the latter has received a financing commitment from a major bank.

LBO. Walgreens Boots Alliance is working on a delisting, Bloomberg said, although the group is worth more than $50 billion on the stock market. The initiative comes from the CEO Stefano Pessina, who is also the company's largest shareholder with 16% of the capital. Later, Reuters confirmed the project by stating that Evercore Partners was mandated to consider the project.

One more step. The US telecoms regulator (FCC) has approved the merger of T-Mobile US and Sprint, considering that it could have a positive impact on the deployment of 5G in the United States. This $26 billion transaction had already been approved by the US Department of Justice in July. However, appeals have been filed by several Attorneys General. The reduction of the number of national operators from four to three is still a matter of debate in the United States.

In other news. The Chinese Jingye is in pole-position to buy bankrupt steelmaker British Steel, according to the Financial Times. Altice USA suffers on stock markets after the publication of disappointing results and a lowering of targets due to a slower than expected launch of the mobile phone offer. Kaya Holdings wants to buy 50% of Greekkannabis, which is waiting for the green light from Athens to start growing cannabis for medical purposes. SoftwareOne acquires BNW Consulting. International Business Machine has deployed a specific offer for the financial cloud, of which Bank of America will be the first user. AstraZeneca plans to raise $1 billion to invest in Chinese start-ups in the health sector. The Japanese Subaru warns.