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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Axa | EU:CS | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.44 | -1.38% | 31.43 | 31.31 | 31.60 | 32.00 | 30.50 | 32.00 | 5,611,738 | 16:40:00 |
Banks, lenders and other financial companies rose alongside Treasury yields and as a major merger lifted shares of property-and-casualty insurers. Tariff moves can affect Treasury yields, particularly in the area of inflation-protected bonds, as illustrated after tariff impositions by former President George W. Bush and former President Barack Obama, said analysts at brokerage Morgan Stanley, in a research note. French financial giant AXA said it would buy New York-listed insurance company XL Group for $15.3 billion on Monday, creating one of the world's largest property and casualty insurers after one of the most expensive years on record for catastrophe claims. Rivals such as Chubb and Travelers rose in sympathy. Berkshire Hathaway's real-estate brokerage network is adding its first international franchisee, in Berlin, broadening the conglomerate's ties to Germany.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
March 05, 2018 16:34 ET (21:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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