Live from the Markets: rififi at Schneider, Nvidia in the DJIA, the treasure of Berkshire

In France

Important announcements (and less important… I should point out that the information is given immediately before the opening and does not prejudge the color of the shares during the session)

• Trouble at Schneider: Olivier Blum appointed general manager with immediate effect in place of Peter Herweck. The financial director will hand over next April.
• Donald Trump will impose 100% customs duties on Stellantis in the event of relocation to Mexico.
• Engie reaches 500 MW of battery storage capacity in Europe.
• Bureau Veritas will buy the APP group in Asia Pacific.
• Air France-KLM anticipates an increase in taxes on plane tickets.
• The Finance Committee adopts an amendment to the NFP on a possible nationalization of Atos SE.
• OSE Immunotherapeutics obtains positive phase II results with its Anti-IL7R antibody Lusvertikimab for the treatment of ulcerative colitis.
• Séché brings a CVC subsidiary into the capital of its Eco subsidiary in Singapore.
• Financiere Moncey completes the merger-absorption of Compagnie des Tramways de Rouen.
• Gensight issues €2.8 million in ABSA for the benefit of qualified investors.
• Vinpai raises €0.276 million through capital increase reserved at EUR 3.
• The main publications of the day : Vicat, Cellectis, Solutions 30, Delfingen… The rest here.

In the big world

Important (and not so important) announcements

D’Europe

• Volkswagen's cost cutting is “necessary after decades of structural problems“, according to the CEO to the press.
• Novartis CEO is “very confident” about the sales target and does not fear the loss of patents.
• J Sainsbury is extending its policy of matching prices with those of Aldi to its convenience stores.
• ING Group investit dan Verkor.
• Eni pockets $1 billion from sale of upstream assets in Alaska.
• PostNL reduces its forecasts for 2024 and announces the departure of its CEO.
• M&G Plc has acquired a 65% stake in European property investor BauMont.
• Anglo American sells its stake in its Australian coal mines for $1.1 billion.
• Ryanair's H1 profit fell 18%, but price weakness eased. The company warns of a potential reduction in UK flights if air travel tax rises. It is revising its medium-term traffic projections downwards due to Boeing's delays.
• Relief Therapeutics is preparing a merger with the American biotech Renexxion.
• The main publications of the day : Ryanair, Kingspan…

From North America

• Nvidia and The Sherwin-Williams drive Intel and Dow Inc out of the Dow Jones starting November 8.
• Striking Boeing workers are once again called to vote on a draft social agreement on Monday.
• Berkshire Hathaway at its zenith, after new sales from Apple and Bank of America.
• KKR is exploring the possibility of investing in Thames Water, according to Sky News.
• ISS recommends that Frontier Communications shareholders refrain from voting on Verizon's tender offer.
• Walt Disney creates a business unit to coordinate the use of AI and augmented reality.
• Blackstone is in advanced talks to acquire shopping center owner Retail Opportunity, according to Reuters.
• New York rejected its appeal against PepsiCo for plastic pollution.
• The main publications of the day : Vertex Pharmaceuticals, Palantir Technologies, Zoetis, Constellation Energy, Marriott, NXP Semiconductors, Illumina, BioNTech, Brookfield Asset Management, Hologic, Fox Corporation…

From Asia Pacific and beyond

• BYD increases production and hiring amid third-quarter growth.
• The boss of Nvidia asked SK Hynix to bring forward the supply of HBM4 chips by six months.
• The main publications of the day : Westpac, Itau Unibanco…

The rest of the global publications calendar here.

Lectures