London – European stocks rose to the top of Tuesday, and the assistance of the mining giant Anglo -AmericanThe price of the stock is high after it revealed a merger with Canada Tech Resources.
General Europe Stoxx 600 It was 0.2 % higher at 9 am in London (4 am CAC 40 Femer add 0.4 %. Investors in the region also focus on more political turmoil in France after Prime Minister Francois Bayro was expelled on Monday.
“Equal integration”
London’s Anglo -London shares jumped by 8 % after announcing that the company agreed to integrate with the Toronto list Tech Resources To create one of the five best copper producers in the world.
The last time was seen in Frankfurt Trading TECK Resources shares in Frankfurt.
The new company, which will be launched by Anglo Tech, will be its headquarters in Canada, and is expected to be included in the stock exchanges in New York, Toronto, London and Johannesburg.
Under the terms of the deal, American US shareholders will own 62.4 % of the joint entity, with TEC shareholders obtained by the remaining 37.6 %.
The companies said in a joint statement.
Merchants will closely monitor this week after Bayro and his central minority government lost confidence on Monday.
It was widely expected that the French Prime Minister would lose the proposal after failing to win the support of political competitors for both the right and left budget plans of 2026 aimed at reducing the budget deficit in the country.
The loss of voting on confidence means that French President Emmanuel Macron will now have to appoint Fifth Prime Minister of France in less than two years. Macron is more likely to choose another ally of the middle to lead a minority government.
Asia and Pacific Markets He traded mostly on Tuesday while Futures in the United States It was changed slightly overnight after the Nasdak boat reached a new record on Monday.
Investors in the United States are monitoring inflation reports this week: The US Producers’ price index report is scheduled to return in August on Wednesday morning, followed by the consumer price index on Thursday.
Inflation publications will come after the weakest recruitment data expected on Friday, which helped fuel the investor in the hope that the American Federal Reserve is likely to reduce standard interest rates at the policy meeting next week.
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