(Reuters) - The MSCI world equity index, a gauge for broader stock
market performance, rose 0.6 percent to a high of 406.5
. Takeover activity, a feature of the four-year
bull equity market, was booming in various sectors including the
hotel and food industries.
"There are still lots of stories going around about various
takeovers and potential takeovers. This is positive because you
are assuming that you are paying the premium for the stocks,"
said Neil Parker, market strategist at RBS Financial Markets.
Read more at Reuters.com Economic News
market performance, rose 0.6 percent to a high of 406.5
. Takeover activity, a feature of the four-year
bull equity market, was booming in various sectors including the
hotel and food industries.
"There are still lots of stories going around about various
takeovers and potential takeovers. This is positive because you
are assuming that you are paying the premium for the stocks,"
said Neil Parker, market strategist at RBS Financial Markets.
Read more at Reuters.com Economic News
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