From The Trading Floor; Equities are trading in negative territory this morning after setting new highs last Thursday as analysts move their estimates forward as to when the Fed will raise interest rates
Archer Daniels Midland says it will buy Wild Flavors for €2.2B ($3B) in cash, and assume €100M of net debt. Wild Flavors manufactures flavors and colors for the food industry with a particular focus on healthy products.
2nd Quarter Earnings season unofficially begins on Tuesday after the close with Alcoa releasing earnings
From The Trading Floor: With a lack of reports on the economic calendar today, a bout of corporate M&A deals are advancing the markets
Tyson Foods appears to have won the battle to buy Hillshire Brands (HSH), after offering $7.7B for the company, or $63 a share. The offer is nearly $1B more than the bid cast by Pilgrim's Pride (PPC) last week
Merck (MRK) is paying a 239% premium to acquire Idenix Pharmaceuticals (IDIX) for $24.50 per share
MARKET ACCESS CENTER: MORNING REPORTAhead of the Bell: Dow futures are trading down 8 points and S&P futures are trading down 2 points. Global financial markets are trading higher today buoyed by record low global interest rates and the improving health of major economies. The European Central Bank last week confirmed it will provide an accommodative monetary policy for the foreseeable future. China reported its economy picked up steam last month after exports rose better than forecasts, although imports lagged on weaker domestic demand.
From The Trading Floor: After 3 consecutive days of declines and ahead of the unofficial beginning to quarterly earnings, stocks are trading in mixed to cautious territory this morning.
NFIB Small Business Optimism increased to 93.4 during March
JOLT Job Openings for the month of February increased to 4.17 million