Wall St. to open flat ahead of Fed minutes; M&A eyed

April 8, 2015 12:56 PM

54 0

Wall St. to open flat ahead of Fed minutes; M&A eyed

NEW YORK (Reuters) - U.S. stocks were set to open little changed on Wednesday, with traders eyeing a $70 billion mega-deal in the energy space and ahead of minutes from the most recent meeting of the Federal Reserve's policy-setting committee.

* Royal Dutch Shell (RDSa.L) said it would buy rival BG Group (BG.L) for $70 billion, closing the gap on market leader U.S. Exxon Mobil (XOM.N). U.S.-traded Shell shares fell 1.7 percent in the premarket after the announcement of the first major oil industry merger in more than a decade.

Also read: Coke CEO Muhtar Kent to step down May 1

Read more

To category page

Loading...