Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a700637
Overnight Markets: US stocks up on economic data
by Himanshu Singh on Sep 04, 2013 at 05:34
In deal news, Nokia Corp (NOK.N) agreed to sell its handset business to Microsoft Corp (MSFT.O) for $7.2 billion, sending its US shares up 31.3% on record volume. Microsoft fell 4.6%.
Verizon Communications (VZ.N) agreed on Monday to pay $130 billion to buy Vodafone Group (VOD.L)(VOD.O) out of its US wireless business, ending an often tense 14-year marriage. Verizon lost 2.9% while US shares of Vodafone shed 1.1%.
CBS Corp (CBS.N) on Monday reached an agreement with Time Warner Cable Inc (TWC.N) to end a month-long blackout of its stations in New York, Los Angeles and Dallas. Shares of CBS rose 4.7% while Time Warner Cable added 1.8%.
In Asia, shares declined on Wednesday in late morning trade after Syria concern left oil trading near a two-year high, curbing the outlook for global economic growth.
The MSCI Asia Pacific Index lost 0.4% to 132 as of 11:44 a.m. in Hong Kong. Japan’s Topix index slid 0.3% and South Korea’s Kospi index retreated 0.1%. Singapore’s Straits Times Index declined 1.1% and Taiwan’s Taiex lost 0.4%. Hong Kong’s Hang Seng Index sank 0.6% and China’s Shanghai Composite was little changed. New Zealand’s NZX 50 Index added less than 0.1%. Australia’s S&P/ASX 200 Index declined 0.7%.
News sponsored by:
Today's top headlines
More about this:
On the road
by Alex Steger on Dec 11, 2013 at 10:19