Updated from 6:03 a.m. EDT
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Here are five things you must know for Monday, April 24:
1. -- U.S. stock futures were set for solid gains Monday and European stocks soared after the first round of France's presidential elections put centrist Emmanuel Macron in the driver's seat to enter the Elysee Palace.
Stocks on France's CAC-40 jumped 4.47% to a nine-year high on Macron's win and early polls indicating the 39-year-old former investment banker holds a 20 point lead over far-right rival Marine Le Pen heading into the second round runoff on May 7. Macron's victory appears to have diminished concern that France may opt to leave the European Union.
"It (the first round result) has come out in line with the market's expectations so you have something of a risk rally as there was a bit of a risk-premium built into all markets," James Binny, head of currency at State Street Global Advisors, told Reuters.
The euro rose to the highest level against the U.S. dollar since early November, as the single currency rose to 1.0940 before paring gains to trade around 1.0859.
In the U.S. on Friday, stocks closed lower ahead of the election in France and after crude oil prices slumped. The S&P 500 fell 0.3%, the Nasdaq slid 0.11%, and the Dow Jones Industrial Average finished down 0.15%.
Oil prices were rising 0.9% in early trading in the U.S. to $50.08 a barrel.
For Monday, the economic calendar in the U.S. includes the Chicago Fed National Activity Index for March at 8:30 a.m. EDT, and the Dallas Fed Manufacturing Survey for April at 10:30 a.m.
2. -- Hasbro (HAS) - Get Hasbro, Inc. (HAS) Reportreported first-quarter earnings of 54 cents a share vs. 38 centa a year earlier. Revenue rose to $849.7 million from $831.2 million. The stock gained 1.7% in premarket trading.
Earnings are also expected from Whirlpool (WHR) - Get Whirlpool Corporation (WHR) Report , Kimberly-Clark (KMB) - Get Kimberly-Clark Corporation (KMB) Report , Alcoa (AA) - Get Alcoa Corp. Report , Barrick Gold (ABX) , Owens-Illinois (OI) - Get Owens-Illinois, Inc. Report , Express Scripts (ESRX) , U.S. Silica Holdings (SLCA) - Get U.S. Silica Holdings, Inc. Report , Sohu.com (SOHU) - Get Sohu.com Limited Sponsored ADR Report and Ameriprise Financial (AMP) - Get Ameriprise Financial, Inc. Report .
3. -- Becton Dickinson (BDX) - Get Becton, Dickinson and Company Reportreached an agreement to acquire medical technology peer C.R. Bardundefined for $24 billion, the largest-ever deal for the 120-year-old buyer.
Bard shareholders will receive $222.93 in cash and 0.5077 a share of BD stock per Bard share, or $317 per Bard share based on BD's closing price Friday of $185.29. The purchase price represents a 25.3% premium over Bard's closing price on Friday of $253.07.
Both Becton Dickinson and Bard are century-old medical device companies based in northern New Jersey. Bard primarily offers devices for vascular medicine, urology, oncology and surgery, whereas BD specializes in syringes and infusion products. A person familiar with the matter said that Bard was shopped to BD as an acquisition target about 15 years ago.
The deal is expected to close in the fall.
4. -- Apple (AAPL) - Get Apple Inc. (AAPL) Report CEO Tim Cook, in a meeting in early 2015 with Uber CEO Travis Kalanick, threatened to remove Uber from Apple's App Store because the ride-hailing app violated Apple's privacy rules, The New York Times reported.
As the Times explained it, Kalanick for months had directed Uber employees to help camouflage the Uber app from Apple's engineers. The reason was so Apple wouldn't find out that Uber had been secretly identifying and tagging iPhones even after its app had been deleted and the devices erased -- a fraud detection maneuver that violated Apple's privacy guidelines, the Times noted.
But Apple was onto the deception, and when Kalanick entered the meeting with Cook the Apple CEO told him, "So, I've heard you've been breaking some of our rules." Cook then demanded that Uber stop the trickery or the Uber app would be kicked out of Apple's App Store, according to the Times report. Kalanick acceded.
5. -- Jimmy Choo (JYMHF) , the British luxury retailer, has put itself up for sale as part of a review of its strategic options.
The fashion brand, which specializes in shoes and handbags, said the board has decided to conduct a review of the various options to maximize value for shareholders and that it is seeking offers for the company, The Deal reported.
Jimmy Choo said that its majority shareholder, JAB Luxury, is supportive of the process.