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.
Global Equities Trade Positive on Sino-U.S. Trade Optimism, Brexit Headlines & US Macro Data in Focus
Equities and forex assets opened on positive note today as investors risk appetite boomed on Sino-U.S. trade deal optimism but Brexit woes continued to pressure investor sentiment in European markets.
Following Powell’s comments last night on unresolved geo-political issues and their impact on US economy, global market saw renewed concerns of economic slowdown in major economy. Investors now await update from EU leaders summit for Brexit deadline extension which will provide short – medium term directional bias.
Given recent mixed price activity in equity market, investor sentiment had taken a dovish tone and caution ahead of today’s ECB interest rate update led to further risk averse trading activity resulting in forex and equities being painted in red.
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.
STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the STOXX® AI Global Artificial Intelligence ADTV5 Index to Amundi as an underlying for an ETF.