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  1. phil
    April 22nd, 2014 at 6:50 am

    European shares come back from long weekend in the green

    04:43 AM ET

    • European stocks are mainly higher following the long Easter holiday weekend, helped by M&A news in the pharmaceuticals sector.
    • Novartis is +2.2% and GSK +4.8% following the announcement of a multi-billion dollar asset swap, while AstraZeneca is +7.6% after a report of a tentative megabid from Pfizer.
    • In Asia, the Nikkei gave back early gains to end -0.85%, dragged down by caution ahead of earnings season and the tensions in Ukraine.
    • Elsewhere in the region, Hong Kong -0.1%, China +0.3% and India flat.
    • Euro Stoxx 50 +0.5%, London +0.9%, Paris +0.6%, Frankfurt +1.1%, Milan -0.15%, Madrid +0.35%.
    • U.S. stock futures: Dow -0.05%. S&P flat. Nasdaq +0.05%
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