Reuters Before the Bell: Stocks target best week since April on rate-cut hopes; U.S. jobs data awaits

Click to View in Browser Friday, June 7, 2019 Stocks target best week since April on rate-cut hopes; U.S. jobs data awaits European shares climbed on Friday as hopes that central banks would loosen policy offset trade friction and the threat of global recession, putting them on track for their best week in two months. IBM, T-Systems scrap mainframe venture after German criticism IBM has withdrawn an application for anti-trust approval for a mainframe computing venture with T-Systems, the IT services arm of Deutsche Telekom, after the German cartel office made a critical initial assessment of the plan. Exclusive: Facebook suspends app pre-installs on Huawei phones Facebook Inc is no longer allowing pre-installation of its apps on Huawei phones, the latest blow for the Chinese tech giant as it struggles to keep its business afloat in the face of a U.S. ban on its purchase of American parts and software. Walmart relaunches service to deliver groceries to shoppers' refrigerators Walmart Inc will restart a service that offers the delivery of groceries directly to shoppers' refrigerators - part of its attempts to find unconventional ways to offer cheap and rapid delivery of online orders. U.S. cruise operators stop sailing to Cuba, travelers vent anger online Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration's ban on travel to the Caribbean island, angering travelers and prompting worries about trip cancellations and company earnings. Europe's 5G to cost $62 billion more if Chinese vendors banned: industry A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters. Toyota speeds up electric vehicle schedule as demand heats up Toyota Motor Corp aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars. Germany's Opel town shows struggle for Europe to plug in electric cars Carmakers and policymakers in Europe are staking their futures on a race to electric vehicles. But the vast charging network needed to sustain their vision is patchy, and it's not clear who'll pay for it. Swiss Re plans $4.5 billion IPO for UK unit to help expansion Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion. Strong U.S. jobs growth expected in May, trade tensions a threat U.S. job growth likely increased solidly in May, with wage gains expected to pick up, showing strength in the labor market before an escalation in trade tensions that analysts have cautioned could pressure an already slowing economy. Related Video Facebook says Huawei can no longer pre-install its apps UK's Hammond takes digital sales tax case to G20 meeting in Japan Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook