US MARKETS:

-S&P 500 futures up 0.2% to 2,610.50

-Brent futures up 0.7% to $60.70/bbl

-Gold spot little changed at $1,239.59

-US Dollar Index down 0.2% to 97.23


GLOBAL NEWS:

Debate on Huawei. T-Mobile US and Sprint Corp, which are waiting for the green light from CFIUS for their merger, could make commitments to block Huawei as a supplier. The transaction represents $26 billion.

ABB has found it. ABB will sell 80% of its Power Grids business to Hitachi for $9.1 billion, according to Bloomberg. Completion is not expected until the first half of 2020. The majority of the net proceeds of $7.6 to $7.8 billion would be used to compensate shareholders.

The Renault Saga. Michelin President Jean-Dominique Senard is expected to take over Renault, according to French newspaper Le Figaro. Meanwhile, the French automaker reportedly required Nissan, of which it is the largest shareholder, to convene a general meeting, the WSJ has learned.

Ingenico stays alone. The company "decided not to proceed with the preliminary approaches it had undergone for a strategic operation". Natixis was particularly interested. However, speculation has not yet had its last word on Ingenico.

LVMH comes out covered. The group is eligible, subject to conditions, for compensation of $92.3 million from Belmond if the hotel group is not acquired. Last week, LVMH announced the acquisition of the luxury hotel brand for $3.2 billion.

SaxoBinck. Saxo Bank is negotiating the acquisition of BinckBank. The Danish could offer EUR 6.35 per share, compared to a current price of EUR 4.72. Binck's board is currently reviewing the proposal.

A Japanese owner for UPSA. Taisho Pharmaceuticals will be close to buying Bristol-Myers Squibb's French non-prescription drug subsidiary, UPSA, for $1.6 billion, Bloomberg learned. An announcement could be made this week.

In other news. Boeing inaugurated its B737 assembly site in China on Saturday, despite the tensions. Intel and TPG could sell McAfee to Thoma Bravo. BHP will pay an exceptional coupon and repurchase $7.3 billion of shares. Qatar could strengthen its position in Deutsche Bank, according to the Handelsblatt. Sika opens a factory in Guatemala.