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70 Billion of Deals in a Day

Monday takeovers is what unleashed today in the global corporate markets. Big companies like Charles Schwab, LVMH, Novartis and Mitsubishi all snapped up rivals to extend their dominance in their sectors today.

This dealmaking boom is definitely an indication that there is a recession in the fear of a global slowdown in growth amongst the top executives in this sector.
The decisions by US and European central banks to cut interest rates have further made cheap credit available for borrowing.
Trade indices are soaring due to this flurry in the market.