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European equities edged up on Monday as reports of two major mergers pushed the British Financial Times up, as defensive stocks dominated other major markets ahead of the Federal Reserve's decision on Wednesday.
The London Stock Exchange (LSE: Quote, Profile, Research) jumped 15.3%, its highest level and the best daily performance since the end of 2008, after the company announced it is in talks to buy Revivediv for 27 billions of dollars, including debt.
JustEight jumped 22.7% after its rival online shopping services, Take-Away.com, agreed to buy them as part of a £ 8.2 billion transaction. , $ 1 billion).
Strong gains on the London Stock Exchange and JustEight contributed to the rise of the Financial Times 100, reaching its highest level in 11 months.
The index, which is rich in export stocks, also contributed to the fall of the British pound due to a significant increase in Britain's exit chances from the United Kingdom. European Union without an agreement with the new Prime Minister Boris Johnson.
Stoxx 600 only gained 0.03%, with sectors such as real estate and utilities up, with investors favoring productive stocks in anticipation of interest rate cuts around the world.
The US central bank is expected to cut interest rates by 25 basis points on Wednesday for the first time in 10 years, but investors will wait for a statement indicating whether or not the start of the year is over. 39, a cash facilitation cycle.
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