Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
European markets trade without a clear trend. News of consolidation movements remain and should continue to animate the markets. Yesterday, after the close of European exchanges, the Royal Dutch Shell announced that began negotiations to acquire BG Group. The energy sector can be now influenced by these rumors. The new has been confirmed today, and the Royal Dutch Shell agreed this purchase for about 70,000 M.USD. At the same time, media companies will also be in focus after the news that the French Vivendi is studying the possible acquisition of prepaid Sky TV group. This day, and before the deadline for payment to the IMF, the Greek prime minister, Alexis Tsipras will be in Moscow to meet with President Vladimir Putin. According to the Russian executive, the country is available to discuss easing restrictions on Greek food products, not to consider any financial support to Athens. According to sources from the Greek Government, the meeting with Vladimir Putin will serve to discuss the relations between the European Union and Russia, tourism, energy, investment and trade.
The US market ended with slight losses. The main theme of the session were the news about mergers and acquisitions and the speech of President of the New York Fed. FedEx rose 2.70%, after having agreed the acquisition of TNT Express NV by 48009 M.USD and Berkshire Hathaways announced it will buy 20 million shares of Axalta Coating Systems for 560 M.USD. Also in the business field, Starbucks retreated 12.48%, after the news of The Wall Street Journal on the possibility of suspicion among regulators and European governments about their tax practices. In today’s session, attention will be divided into several themes. Also during the negotiation will be heard the words of President of the New York Fed, William Dudley on the state of the economy and later will be published the minutes of the last meeting of the Fed (17 and 18 March). It starts officially today the begining of the earnings season in the US, with the publication of Alcoa’s quarterly accounts, after the closing of the session. Forecasts show earnings per share of 0.26 USD, which is about three times the 0.09 USD reported in the same period last year, but below 0.33 USD reached in the 4th quarter of 2014. Although there is no statistical correlation between Alcoa’s quarterly accounts and the general trend of the Earnings Season, the results of this company always have an impact on investor psychology.
Japan’s Central Bank disappointed the market as finished the regular two-day meeting with no new developments, regarding its aggressive bond buying program.