Back-of-the-envelope calculations suggest it isn't that expensive. |
I think it's very fair to say that it will really put them on the map in Europe. |
Rate-sensitive sectors like banks, property trusts and companies with large US exposure will be hit. |
The earnings picture looks good, especially on the resources side. |
They are continuing to do what they have done successfully over a number of years, so it seems to be a positive deal. |
We had a positive lead from Wall Street. Oil prices were up again. |