Stock indices in Europe are trading without major dynamics. The market has a burst of activity in mergers and acquisitions (M & A).
The composite index of the largest companies in the region Stoxx Europe 600 rose 0,2%, to 360.43 points.
Mediaset shares soared 17% on the information that the French Vivendi SA intends to increase its stake in the Italian broadcasting company founded and controlled by former Italian Prime Minister Silvio Berlusconi, to 30%.
The cost of Lloyds Banking Group shares increased by 1%. The Bank said it was buying British credit card issuer MBNA Ltd. at the FIA Jersey Holdings Ltd., owned by Bank of America, for 1.9 billion pounds ($ 2.4 billion) in cash.
Share of Italian banks rose on the information that the government will offer 20 billion euros to support the most troubled banks.
Shares of Monte dei Paschi rose 1,1%, Banca Popolare di Milano +2,6%, UniCredit +2%.
The Italian Government, in spite of the appeal to the Parliament, is still hoping that will be able to avoid the infusion of taxpayers' money in the troubled banking sector. This will depend on the ability of Monte dei Paschi, the third by market capitalization in the country to implement a plan of recapitalization of 5 billion euros by the end of the year, writes FT.
Meanwhile, the shares of mining companies decline after falling prices for base metals.
Randgold Resources fell 1,2%, Glencore - 0,7%, BHP Billiton - 0.5%.
Shares of individual transport companies and tourism sector react negatively to reports about the murder of the Russian ambassador in Turkey and the death of people in Berlin as a result of a truck collison, suspected terorist attack.
Thus, the value of International Consolidated Airlines Group (IAG), which includes British Airways, fell 0,5%, InterContinental Hotels Group - also by 0.5%.
At the moment:
FTSE 7013.00 -4.16 -0.06%
DAX 11432.75 6.05 0.05%
CAC 4837.91 15.14 0.31%