Futures higher, iPhone 17 sales data, Kering-L’Oreal deal - what’s moving markets

Kering has announced a significant $4.7 billion deal to sell its beauty business to L’Oréal, marking a strategic move by the new CEO, Luca de Meo, to rejuvenate the company's performance. This sale is crucial as it allows Kering to focus on its core luxury brands while L’Oréal expands its portfolio in the beauty sector. Such a transaction not only reflects the evolving landscape of luxury and beauty but also highlights Kering's commitment to strengthening its market position.

Kering has made a significant move by selling its beauty unit to L’Oreal for $4.7 billion, a decision that not only helps the luxury group reduce its debt but also strengthens L’Oreal's position in the beauty market. This deal is important as it reflects Kering's strategic focus on its core luxury brands while allowing L’Oreal to expand its portfolio, showcasing the dynamic nature of the beauty industry.

Kering, the parent company of Gucci, has announced its decision to sell its beauty division to L'Oreal. This move is significant as it allows Kering to focus more on its luxury fashion brands while L'Oreal expands its portfolio in the beauty sector. The sale reflects the ongoing trends in the luxury market, where companies are increasingly looking to streamline their operations and concentrate on their core strengths. This transaction could reshape the competitive landscape in the beauty industry, making it an important development for both companies and their stakeholders.

Amazon Web Services faced a significant service disruption that impacted various platforms, including Coinbase, where users reported difficulties in trading and logging in. This incident highlights the vulnerabilities in cloud services that can ripple across multiple industries. On a different note, Kering has announced its decision to sell its beauty division to L’Oreal for €4.7 billion, marking a major shift in its business strategy. This move is significant as it reflects the evolving landscape of the beauty market and Kering's focus on its core luxury brands.

Kering has made a significant move by selling its beauty division to L’Oreal for €4 billion, marking a strategic alliance that could reshape both companies' futures. This decision, led by CEO Luca de Meo, comes as Kering faces challenges like declining demand in China and potential US tariffs. The sale not only strengthens L’Oreal's position in the beauty market but also allows Kering to refocus its efforts, making it a noteworthy development in the luxury sector.

TSX futures are showing positive signs as discussions between the U.S. and China regarding trade are gaining momentum. This is significant because improved trade relations could lead to economic stability and growth, benefiting markets and investors alike.

Apple's iPhone 17 has made a strong debut, outselling the previous iPhone 16 model by 14% in just the first 10 days of sales in both the US and China. This impressive performance highlights the continued demand for Apple's flagship product and suggests that consumers are excited about the new features and improvements. As the smartphone market remains competitive, this success could bolster Apple's position and influence in the tech industry.

President Trump's focus on rare earths highlights ongoing tensions with China as the trade truce approaches its end, raising concerns for global markets. Meanwhile, France faces economic challenges with a second credit downgrade from S&P, which could impact investor confidence. In a significant move, Kering's new CEO, Luca de Meo, is selling the beauty division to L’Oréal for $4.7 billion, signaling a shift in strategy for the luxury brand. These developments are crucial as they reflect broader economic trends and the interconnectedness of global trade.

Cleveland-Cliffs is experiencing a surge in demand for its steel products, thanks in part to favorable trade policies from the Trump administration that support U.S. manufacturing. The company is also looking to diversify its operations by exploring the production of rare-earth minerals, which are crucial for various high-tech applications. This move not only strengthens its market position but also highlights the growing importance of domestic production in the face of global supply chain challenges.

Kering has announced a significant $4.7 billion deal to sell its beauty business to L’Oréal, marking a strategic move by the new CEO, Luca de Meo, to rejuvenate the company's performance. This sale is crucial as it allows Kering to focus on its core luxury brands while L’Oréal expands its portfolio in the beauty sector. Such a transaction not only reflects the evolving landscape of luxury and beauty but also highlights Kering's commitment to strengthening its market position.

Amazon's AWS experienced significant disruptions, leading to outages for hundreds of websites for several hours. This incident highlights the vulnerability of online services that rely on cloud infrastructure, affecting businesses and users alike. The impact of such outages can be far-reaching, causing loss of revenue and frustrating users who depend on these platforms for daily activities.

Crude oil prices are continuing to decline due to concerns over supply and demand. Factors such as weak growth projections, the ongoing energy transition in China and the EU, and tensions from U.S.-China tariffs are contributing to this negative outlook. This matters because fluctuations in oil prices can significantly impact global economies and consumer behavior.

Merck has released long-term data demonstrating that its cancer treatment, KEYTRUDA, continues to provide significant survival benefits for patients with lung cancer. This is important because it reinforces the effectiveness of KEYTRUDA as a vital option in cancer therapy, potentially improving the quality of life for many patients facing this challenging disease.

Abbvie's stock price target has been raised to $258 from $240 by BMO Capital, reflecting growing confidence in the company's future performance. This adjustment is significant as it indicates analysts' optimism about Abbvie's potential for growth and profitability, which could attract more investors and positively impact the stock market.