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CS Axa

31.43
-0.44 (-1.38%)
03 May 2024 - Closed
Delayed by 15 minutes
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

Financials Up Amid Axa Deal, Treasury Yield Rise -- Financials Roundup

05/03/2018 9:49pm

Dow Jones News


Axa (EU:CS)
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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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