Everything Is Coming Apart In Europe, Deal Breakdowns Spell ‘Arbageddon’ for M&A Traders, Bull Stock Market Run is Over?
InvestmentWatch Blog
Everything Is Coming Apart In Europe
FRANKFURT (Reuters) – Investors will gauge the strength of the euro zone’s fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally.
In stark contrast to the United States and Britain, which are growing strongly, economic output in the euro bloc is likely to have all but ground to a halt in the three months to June. Its star economy, Germany, is losing momentum and Italy is sliding back into recession.
“The United States and the United Kingdom are going to be among the fastest-growing economies both this year and next,” said James Knightley, an economist with ING. “In Europe, the situation seems to be going into reverse.”
The growing sanctions fight between Russia and the West over Moscow’s backing of rebels in Ukraine and U.S. air strikes to block Islamist militants in Iraq are also upsetting the markets.
Deal breakdowns spell ‘arbageddon’ for M&A traders
On a day some traders dubbed “Arbageddon,” hedge funds that bet on big corporate takeovers, known as arbitragers, suffered their worst rout in years after two deals fell apart and regulators indicated they may take steps to stymie others.
In a rapid-fire series of moves over the course of 24 hours this week, 21st Century Fox Inc. FOX +1.41% dropped its $80 billion bid for Time Warner Inc. TWX +1.62% , and Sprint Corp. S -3.57% abandoned its plans to acquire T-Mobile US Inc. Walgreen Co.WAG -0.28% wrong-footed other traders by deciding not to move offshore to lower itstaxes once it buys Alliance Boots GmbH, sending its shares tumbling. And President Barack Obama said his administration was taking a close look at the controversial tax-driven mergers that helped fuel the recent mergers boom.
Brokers and traders alike called the shake-up a bloodbath.
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Whistler Blowers, Insiders
USSA and UK have fantasy economies, how could they possibly experience large growth? The EU is screwed, Italy never recovered to slip BACK INTO a recession. This article is BS propaganda.