Live Markets: Betting on M&A? Here's what to own

Prada SpA

22/10/2024 10:27

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      STOXX 600 down 0.6%
    

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      Utilities drag
    

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      HSBC announces overhaul
    

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    BETTING ON M&A? HERE'S WHAT TO OWN
        The easing of monetary policies in major economies has
not only energized stock markets but is also boosting M&A by
making debt more affordable and propping up corporate
confidence.
    Goldman Sachs says M&A volumes involving Western European
targets so far in 2024 are double those seen last year,
reflecting a resumption of corporate transactions.  
    "M&A activity is showing signs of a gradual recovery in
Europe, against a backdrop of pent-up demand and falling rates
driving a better funding," say analysts at the US bank.
    In their latest tweak to their European M&A basket they
added offshore wind developer Orsted  ORSTED.CO , lighting
manufacturer Signify  LIGHT.AS , fragrance maker Symrise
 SY1G.DE , paint maker Akzo Nobel  AKZO.AS  and chemicals group
Croda  CRDA.L . Removals include Prada  1913.F  1913.HK .
    Almost 50% of the screen consists of industrials and
consumer discretionary stocks. 30% is domiciled in the UK, GS
says.
    
    (Danilo Masoni)
    *****
    
    FOR TUESDAY'S OTHER LIVE MARKETS POSTS
    WEAK START FOR STOXX, TECH CAPS FURTHER LOSSES CLICK HERE
    EUROPEAN BEFORE THE BELL: UNCERTAINTY OFFSETS POSITIVE
EARNINGS CLICK HERE
    BONDS AND GOLD BEGIN COUNTDOWN TO US ELECTION DAY CLICK HERE

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GS MnA basket    https://tmsnrt.rs/4h7RU46
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