Europe: Deutsche merger move take stocks rally to fourth day

[BENGALURU] European stocks rose for the fourth session in a row on Monday as a flurry of dealmaking, including merger talks between Deutsche Bank and Commerzbank , spurred gains in the financial services sector.

"If this works out, people are going to be looking at ... if this could be an example of what needs to be done to create further stability and less reliance on the central bank," said Craig Erlam, senior market analyst at Oanda.Also caught in the merger wave was German insurer Allianz , which Bloomberg reported was exploring combining its asset management business with DWS, mostly owned by Deutsche Bank. DWS shares jumped 9 per cent to their highest since May.

Mounting speculation the US Federal Reserve will sound decidedly dovish at its policy meeting this week was also aiding global stock markets. However technology companies came under pressure as shares of Apple suppliers such as Infineon, AMS and STMicroelectronics fell, tracking their US peers lower after Synaptics Inc said third-quarter earnings would come in at low end of forecast due to softness in China.

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Europe: Stocks close at five-month high amid trade and Brexit optimism[LONDON] European shares closed at their highest level in five months on Friday as investors cheered positive signs on US-China trade talks and UK lawmakers' vote to request a delay in a potentially chaotic exit from the European Union (EU). Read more at The Business Times.
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