Betting on M&A? Here's what to own
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BETTING ON M&A? HERE'S WHAT TO OWN
The easing of monetary policies in major economies has not only energized stock markets but is also boosting M&A by making debt more affordable and propping up corporate confidence.
Goldman Sachs says M&A volumes involving Western European targets so far in 2024 are double those seen last year, reflecting a resumption of corporate transactions.
"M&A activity is showing signs of a gradual recovery in Europe, against a backdrop of pent-up demand and falling rates driving a better funding," say analysts at the US bank.
In their latest tweak to their European M&A basket they added offshore wind developer Orsted ORSTED.CO, lighting manufacturer Signify LIGHT.AS, fragrance maker Symrise SY1G.DE, paint maker Akzo Nobel AKZO.AS and chemicals group Croda CRDA.L. Removals include Prada 1913.F1913.HK.
Almost 50% of the screen consists of industrials and consumer discretionary stocks. 30% is domiciled in the UK, GS says.
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FOR TUESDAY'S OTHER LIVE MARKETS POSTS
WEAK START FOR STOXX, TECH CAPS FURTHER LOSSES CLICK HERE
EUROPEAN BEFORE THE BELL: UNCERTAINTY OFFSETS POSITIVE EARNINGS CLICK HERE
BONDS AND GOLD BEGIN COUNTDOWN TO US ELECTION DAY CLICK HERE
GS MnA basket https://tmsnrt.rs/4h7RU46
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