Luxury, banks, construction the biggest decliners; healthcare, financial services and tech the top gainers:
Commerzbank, UniCredit have held talks about a deal but are at odds over issues including valuation - Bloomberg (€35.24, 0.00)
Airlines, tech and financials the best performers in cyclical rally; energy and defensives the main laggards:
StreetAccount Summary - Trading higher/lower: EU mid-morning
StreetAccount Summary - European pre-market trading update
Commerzbank comments on UniCredit's most recent publications; reaffirms upside potential of its existing business strategy and currently sees no basis for a mutually agreed value-accretive transaction after interactions with UniCredit (€31.54, +0.06)
UniCredit board convenes Extraordinary General Meeting on planned Commerzbank takeover offer (€62.02, -2.27)
Commerzbank upgraded to outperform from market perform at Keefe, Bruyette & Woods (€32.39, 0.00)
StreetAccount Macro Headlines:
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