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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 556.1 JPY | +0.87% |
|
-3.94% | +0.34% |
| Apr. 22 | Industrials Gain on 1Q Earnings Optimism -- Industrials Roundup | DJ |
| Apr. 22 | News Highlights : Top Company News of the Day - Monday at 7 AM ET | DJ |
PARIS (Reuters) - Shares in both Fiat and Renault surged higher on Monday, as analysts welcomed a proposed merger between the two carmakers.
Fiat rose around 19% in early session trading in Milan, while Renault's shares were up 16%.
"Strong fits in product/scale, further indications that OEM consolidation is on the agenda, an opportunity to re-deploy capital at Renault, and confirmation of FCA as an M&A target, are positives," wrote brokerage Jefferies.
Fiat's advisers on the deal include Goldman Sachs, Nomura and boutique investment bank d'Angelin & Co.
(Reporting by Sudip Kar-Gupta; Editing by Bate Felix)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 470 JPY | +1.12% | -5.51% | 4.46B | ||
| 420.6 USD | -0.80% | +4.06% | 145B | ||
| 48.82 EUR | +2.43% | +1.10% | 13.79B | ||
| 21.85 EUR | -4.21% | -1.09% | 96.43B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| +0.34% | 12.96B | |
| +39.66% | 306B | |
| +18.34% | 81.97B | |
| +5.73% | 71.72B | |
| +7.42% | 71.04B | |
| +22.07% | 54.97B | |
| +24.40% | 52.06B | |
| +5.21% | 51.66B | |
| +27.01% | 43.41B | |
| +24.08% | 39.49B |
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