Market watch

Is it really that quiet in European event driven, or are the investors still in GE/Honeywell post-traumatic depression?


In an industry still cursed by Mannesmann/Vodafone return expectations, the last six weeks have had plenty of quirky drama guaranteed to make even the most cynical and morose get enthused.


Reviewing activity in Europe, let's start with Italy and the resurgence of the Forza Italia. Montedison/Edison (de facto Mediobanca) get couped by EDF fronted by Fiat although they did scrape