After yesterday’s handsome gains, US stocks are set to press higher again today, following the lead of European markets.
European stocks have raced ahead after another Greek bail-out deal was prepared for sign off by the 19 members of the Eurozone.
Spread betting quotes point to a 70 point rise to 17,776 at the outset for the Dow, and a nine point increase at 2,085 for the S&P 500.
The controversial Monsanto Company (NYSE:MON) has decided that $62bn is not enough and has rejected German drugs giant Bayer AG’s bid for the company.
The seeds firm has not totally closed the door on the Germans, indicating it is willing to start talking turkey at a higher price.
Hewlett Packard Enterprise Co (NYSE:HPE) shot up more than 11% in pre-market reading as it confirmed last night it is to spin off its information technology services business.
In this morning’s announcements, high-end jeweler Tiffany & Co (NYSE:TIF) failed to sparkle with its first quarter update.
The company reported its sharpest year-on-year sales decline in six quarters. The company said it expected full-year profits would be down on last year by a mid-single digit percentage.
