U.S. MARKETS:

S&P 500 futures up 0.3% to 2,676.50

Brent futures down 0.6% to $77.18/bbl

Gold spot down 0.3% to $1,230.45

U.S. Dollar Index up 0.2% to 96.50


GLOBAL NEWS:

Earnings season. Mondelez and Continental Resources are among companies reporting earnings.

Error. A major technical glitch prevented quotations this morning on most Euronext instruments. The alert was given at 8:14 am for derivatives, before being extended to indices and equity futures at 8:55 am. The indices started trading at 10:20 am and some derivatives at 10:30 am.

Total is prospecting in Algeria. Total and ENI will collaborate with Sonatrach on offshore exploration in Algeria.

HSBC’s shares surge as bank shows progress taming its costs. The bank posted third- quarter revenue gains that outpaced expenses: adjusted revenue climbed 9 percent, while costs increased 2 percent. HSBC’s Hong Kong shares rose as much as 5.6 percent after the announcement.

Rolls-Royce is embarrassing Airbus. Airbus' 2018 forecasts are overshadowed by the delays revealed by Rolls-Royce in deliveries of A330neo engines. The engine manufacturer had made the announcement on Friday in session.

Kering bought back his shares. The group will buy back up to 1% of its capital over the next 12 months. A contract was signed with a financial intermediary for a first tranche of a maximum of 631,000 shares, i.e. approximately 0.5% of the share capital, for a maximum of 300 million euros. The repurchases will start today and will last a maximum of 4 months. The repurchased shares will be cancelled by Kering.

Dassault criticizes Belgium's choice. The industrial regrets the Belgian choice of the F-35, but is bitter by suggesting that the American aircraft has long been the preference of some decision-makers. "The choice of the F-35 is a bad signal for the construction of a European defence," says Dassault Aviation.

Briefly. Sword pays an exceptional coupon. Eurofins buys Dermscan. Allied Universal (Wendel) completes the acquisition of US Security Associates.

Hats off, IBM. International Business Machines will buy its compatriot Red Hat for 34 billion dollars in order to strengthen its position in the "cloud". This will be the largest operation in the group's history.

The president of Ryanair contested. British pension funds holding 1% of the capital are asking for the departure of Ryanair's President, David Bonderman. But the carrier has no intention of listening to them.

Air crash. A Lion Air Boeing 737MAX8 crashed shortly after takeoff this morning, with nearly 190 passengers on board. The latest generation single-aisle aircraft was recent and allegedly equipped with Leap-1B engines from CFM (Safran / General Electric).

New license for UBS? The Swiss bank could ask US regulators for an extension of its licence to sell sophisticated products to wealthy Americans residing in Switzerland, the CEO of UBS Group told SonntagsZeitung.

Just a rumor. Deutsche Bank's boss cut short rumors of a merger with Commerzbank in an interview with the Financial Times.

ABB made in China. ABB Ltd is investing $150 million in a factory in Shanghai, China. It is expected to come into service at the end of 2020. China is the world's largest market for robots.

NASH-Attack. Novartis and Pfizer will test a combination of products in NASH, with a clinical study using tropifexor.