DAX Archives - The Industry Spread

Deutsche Börse AG to Acquire Axioma for $850 Million, To Create Index Analytics Business

German exchange operator, Deutsche Börse AG is buying Axioma, an analytics specialist company for $850 million, and will be merging it with its index businesses to form a new index analytics company. As a part of the deal agreement, General Atlantic will be taking 19 per cent stake in the new company for $715 million, Deutsche Börse will own 78 per cent and rest 3 per cent will be held by Axioma management for reinvesting around $105 million. 

EURUSD Rejected at 1.14

Equity markets positive on temporary truce between China & U.S.A as US Dollar gained positive momentum but US equities initiated a bearish rout in Asian equities as the 10-year treasury yield fell to 2 .96. IT-DE spread difference continues to fall indicating positive progress in budget negotiations.