Its been another volatile trading day with investors adopting a cautious approach in contrast to yesterdays strong rebound.
The focus continues to be on the US tech story and this is weighing on any attempt to push higher for European stocks, which have remained under pressure albeit above their recent lows.
The FTSE 100 has managed to set itself apart from the wider weaker tone in Europe but that has largely been down to another M&A story, this time involving Shire, which has once again found itself in the crosshairs of an overseas suitor.
There had been some whispers in early trading that a bid might be in the offing, and this was confirmed by a mid-morning announcement from Japans Takeda that they were looking at the possibility of…
Read the full article at: https://www.cmcmarkets.com/en-au/news-and-analysis/ftse-gets-a-boost-from-the-shire