Overseas Trading: Europe Stocks Mixed on M&A Buzz

Germany-based Bayer upped its buyout bid for fertilizer firm Monsanto

Sep 6, 2016 at 8:53 AM
facebook twitter linkedin


Stocks in Asia finished the day higher, after rallying Monday as last week's U.S. nonfarm payrolls report eased expectations the Fed could raise interest rates this month. Rising crude futures also helped lift stocks, after Saudi Arabia and Russia on Monday agreed to cooperate in working toward production cuts and price stabilization.

Bank stocks boosted Japan's Nikkei to a 0.3% lead on speculation the Bank of Japan (BoJ) may cut interest rates at its meeting later this month. Meanwhile, China's Shanghai Composite and Hong Kong's Hang Seng each added 0.6%, and South Korea's Kospi tacked on 0.3%.

European markets are mixed, as oil prices waver and M&A buzz swirls. Shares of Germany-based Bayer AG slipped after the company confirmed a higher offer of $127.50 per share for Monsanto. Meanwhile, the Swedish and German arms of Dow component General Electric made bids for two 3-D printing firms, giving stocks a lift. At last check, London's FTSE 100 is 0.4% lower, but France's CAC 40 and Germany's DAX have climbed 0.1% and 0.3%, respectively.

overseas stocks september 6

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox. 


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earnings guide for Q3 before it's too late!


  
 
Special Offers from Schaeffer's Trading Partners