OMX Xact is up some 2.3%, outperforming the rest of Europe. There is take-over rumours around some of the biggest companies. Scania is halted on the Stock Exchange (Man), Volvo has been going straight up for some time as the company is under pressure from a hedge fund, there are rumours surronding Electrolux, OMX wants to get a bid from Nasdaq and Boliden is apparently being approach by BHP Billiton. The rumour says that they are bidding SEK 2o5 for the company. It is not entirely unlikely... The stock is right now up some 8% or SEK 11, UBS is on the bid.
All my names are up today. GS is up 3% on the earnings report. Google has printed 390 earlier in the session. Tata Motors is up over 2%. It feels like the market has come to life again, this could very well be the start of a bigger up-side move during the fall...
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