Toll has had a less-than-stellar six or seven years, so Japan Post would be looking at how they can utilize Toll's assets to get better outcomes ... plus they might like the fact that it takes them into new geographies that they have a positive view on.

Angus Gluskie

Categorized in : Industrials

Wynn's actions are more likely to reflect a genuine frustration with a breach of the confidential nature of the discussions than an attempt to add pressure to the negotiation.

business

It's a preliminary-style bid which doesn't yet provide an adequate premium for control, and most would expect there to be both more debate about the strategic merit and pricing.

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Investors are considering the risk of Brexit to have been lowered, both by reports that European hedge funds believe Brexit will not get up and, secondly, that the shooting (of Cox) has played against the Brexit vote.

company-news

The process of taking money off the table is likely to be driven by nervousness ahead of the U.S. Federal Reserve's moves next week, along with the soft oil price being viewed as a barometer of future economic activity.

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The most notable influence on markets recently has been the quarterly reporting in the U.S, which has shown a softening of outcomes relative to expectations, investors remain cautious on the Chinese outlook notwithstanding the uptick in a small number of indicators.

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The current environment represents a winding back of the overly bullish expectations of both commodity demand and Chinese growth – to a more balanced expectation of progressive, not exponential, growth.

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With many markets having been sold off heavily over recent weeks, today’s rally, like the U.S. last night, represents a speculative bounce, the market will remain susceptible to a return of negativity until we see signs of some improvement in the original causes of weakness, which were predominantly Chinese growth concerns.

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Toll has had a less-than-stellar six or seven years, so Japan Post would be looking at how they can utilise Toll's assets to get better outcomes ... plus they might like the fact that it takes them into new geographies that they have a positive view on.

industrials