US Investment Views 27 Sept27 September, 2010, 20:59. Posted by Zarathustra
Tags: Investment, US daily (Discontinued)
For Asia market wrap and Europe morning views, please refer to our HK market wrap.
FTSE 100: –0.12%, DAX: +0.04%, CAC: –0.00%
While Europe markets were largely in green in early trading, earlier gains were largely reversed.
US equity preview
DJIA futures and S&P 500 futures are now little change. US treasury may sell its stake on AIG as early as this week. The government may convert $49b preferred shares into common and sell the stake in the first half of 2011. On the other side of the world, AIG’s Asian unit AIA is planning an IPO in Hong Kong followed by the failed takeover by British insurer Prudential.
Wal-Mart (WMT:US) is planning to buy the South African Massmart for $4.6b, and Unilever (UNA:NA) will buy Alberto Culver (ACV:US) for $3.7b. Although previously your author said news from Europe is not all good, M&A activities may drive share prices.