Reuters Before the Bell: Exxon Mobil profit drops on weaker gas prices, higher costs

Click to View in Browser Friday, August 2, 2019 Exxon Mobil profit drops on weaker gas prices, higher costs Exxon Mobil Corp reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices and higher maintenance costs. Trump tariff salvo batters European stocks, sparks bond rally European stocks posted their biggest drop of 2019 on Friday and German bond yields hit record lows after U.S. President Donald Trump fired his latest trade war salvo at China, jolting markets and sparking a frenzied bid for safe-haven assets. Exchange operator Cboe profit beats on options and futures trade Cboe Global Markets Inc beat analysts' estimates for quarterly profit on Friday, as strength in the exchange operator's options and futures business offset a softer trading environment in other areas. Exclusive: Full restart of Codelco's Chuquicamata smelter delayed until end of October - sources (This Aug. 1 story corrects to show that the smelter is ramping up; adds Codelco statement) Trump tariff threat hits Wall Street for second day U.S. stock index futures slid on Friday, after an escalation in trade tensions with China renewed fears of a global economic slowdown, ahead of a closely watched jobs report. China warns of retaliation after Trump threatens fresh tariffs China on Friday said it would not be blackmailed and warned of retaliation after U.S. President Donald Trump vowed to slap a 10% tariff on $300 billion of Chinese imports from next month, sharply escalating a trade row between the world's biggest economies. Oil prices rebound more than 2% after plunge on Trump's tariff vow Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on U.S. President Donald Trump's threat to impose more tariffs on Chinese imports. Exclusive: EU to block Novelis, Aleris deal unless concessions offered - sources EU antitrust regulators will block Novelis' [NVLXC.UL] $2.6 billion bid for steel processor Aleris [TXPACA.UL] if the U.S. aluminum producer does not offer concessions by Aug. 9, people familiar with the matter said. Ferrari core earnings rise but shares slide after no upgrade to guidance Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year. Stronger yen prompts Toyota to trim profit forecast, saps Honda Toyota Motor Corp lowered its annual profit forecast while Honda Motor Co turned in a double-digit decline in quarterly earnings as a resurgent yen hurt two of Japan's biggest automakers. Related Video Trump's tariffs jolt global stocks, spark rush to safer assets Wall Street drops as trade war intensifies 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