(Bloomberg) -- European stocks rose to a 6 1/2-year
high this week after companies reported earnings that exceeded
analysts' estimates and more than $75 billion in takeovers
boosted speculation of mergers in the media, building and auto
industries.
``Things look very rosy for stocks,'' said Thorsten
Winkelmann, who manages the equivalent of $4.7 billion at Allianz
Global Investors in Frankfurt. ``Many takeovers are happening and
companies have proven the outlook for corporate earnings was too
cautious.''
Read more at Bloomberg Stocks News
high this week after companies reported earnings that exceeded
analysts' estimates and more than $75 billion in takeovers
boosted speculation of mergers in the media, building and auto
industries.
``Things look very rosy for stocks,'' said Thorsten
Winkelmann, who manages the equivalent of $4.7 billion at Allianz
Global Investors in Frankfurt. ``Many takeovers are happening and
companies have proven the outlook for corporate earnings was too
cautious.''
Read more at Bloomberg Stocks News
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