Spreadex Market Update
22.04.14 Tuesday Afternoon
As investors return to their desk after a four-day Easter break, European stocks advanced as traders digest a number of bid talks within the pharmaceutical sector. AstraZeneca shares leapt to the top of the FTSE 100 risers today after reports over a potential takeover by Pfizer, shortly followed by GlaxoSmithKline as the drug maker reported it has completed a multi-billion dollar deal for one if its units, driving European shares higher.
With quite a thin economic calendar today, investors will be awaiting the US open which is currently set to open relatively flat. The only high-importance piece of data set for release at 15:00 is the USD Existing Home Sales which are forecasted to come in at 4.57m.
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