US MARKETS:

S&P 500 futures down 0.1% to 2,528.50

Brent futures up 3.1% to $58.81/bbl

Gold spot up 0.4% to $1,290.84

U.S. Dollar Index down 0.3% to 95.88


GLOBAL NEWS:


Change of seats. According to Bloomberg, Christian Meissner is well placed to take over from Sergio Ermotti at UBS. The former head of the CIB of Bank of America was reportedly contacted. But Ermotti could stay in place for another two years, according to other sources.

Apollo on GECAS? Speculation on General Electric, against the backdrop of rumours of the sale of GECAS, its aircraft financing arm, to Apollo GM, for a valuation of around 40 billion dollars. The information was also reported by Bloomberg and his inevitable "source close to the file". Apollo would set up a $30 billion financing plan.

A first in China. Tesla started setting operations at its Chinese plant on January 7, with the aim of starting production at the end of the year. The Shanghai "gigafactory" will produce basic Model 3s, while the more elaborate models will remain produced in the United States, Elon Musk pointed out.

Bolsonaro vigilant on Embraer. In Brazil, the new president Jair Bolsonaro has raised doubts about the transaction between Embraer and Boeing. If the country's new strong man has no objections to the principle, he intends to ensure that the aeronautical industrial heritage does not disappear in the long term.

The Wonderful Friend. Donald Trump urged Apple to manufacture in the United States rather than China. "Apple manufactures its products in China. I told Tim Cook, a friend of mine, make your products in the United States," the President, who has many friends, told the press on Friday.

In other news. Ahold Delhaize's American subsidiary acquires King Kullen Grocery. Vifor Pharma has positive Phase I results with VIT-2763. The energy company PG&E Corporation in turmoil after the Californian fires.