US MARKETS:

-S&P 500 futures down 0.5% to 2,716.25
-Brent futures down 0.2% to $62.58/bbl
-Gold spot little changed at $1,306.71
-U.S. Dollar Index up 0.2% to 96.59

GLOBAL NEWS:

Earnings season. In Europe, Total, L'Oréal, Sanofi, Zurich Insurance, Compass, Unicredit, ArcelorMittal, Pernod Ricard, DNB ASA, Sampo or Societe Generale are among companies reporting earnings. In Asia, Nippon Telegraph, Fujifilm or Japan Tobacco. In the United States, Fiat Chrysler, Kellogg, Philip Morris, T-Mobile US, S&P Global, Marathon Petroleum, Intercontinental Exchange or Twitter.

The avalanche of results continues, after several post-closing announcements yesterday, including Publicis. At midday, the welcome is good for Pernod Ricard, more difficult for Societe Generale and frankly complicated for Publicis.

In the United States. General Motors and Chipotle Mexican Grill deliver rather reassuring publications, while the results of MetLife and Prudential are suffering and Match Group is on the rise. Post-trade fall for Sonos shares after the CFO's departure.

Heavy goods vehicles. In Korea, a marriage project between Hyundai Heavy Industries and Daewoo Shipbuilding would create the world leader with a 20% market share in shipbuilding.

Already a new rumor. After the failure of the merger between Alstom and Siemens' rail operations, the new rumor would unite the French group with Canada-based Bombardier. The latter's share jumped by 7% yesterday in Toronto.

Tax audit. Credit Agricole announced that the Bavarian tax authorities would ask it to refund €312 million in taxes. Caceis Germany is about to challenge the decision, which has not yet been notified to the bank and may not be notified. The dispute concerns the treatment of taxes on dividends refunded to certain clients in 2010. The bank did not take advantage of the sums, which it simply transferred. The dividend tax engineering case made a lot of noise in Europe last year.

Alliance and misalliance. According to Bloomberg, Nissan would be reluctant to keep a single shared president with Renault. In parallel, the French manufacturer would be interested in financing Carlos Ghosn's wedding in Versailles.

In other news. Facebook's public relations manager is leaving the company. Inspectors reportedly warned Vale of the risk of dam failure, which killed dozens of people in Brazil. Novartis management believes that prices have reached a ceiling in the United States. Arconic loses its CEO.