LONDON (Reuters) – European shares extended their recovery rally on Monday thanks to bank stocks as dealmaking took centre stage again after a week of political tension in Italy and Spain.
Investors’ concerns over rising trade frictions were trumped by very strong U.S. jobs data on Friday. Europe’s STOXX 600 took the lead of Asian markets climbing on the data, up 0.6 percent while Germany’s DAX rose 0.8 percent.
News - Mergers - Acquisitions - M - A
News about mergers and acquisitions (M&A), particularly in the financial sector, drove the biggest moves. Dealmaking has been a key trend in equity markets globally this year, with the UK among the most active for deals.
The banks sector jumped 1.2 percent, the strongest boost to overall gains, as investors priced in...
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