Wall St. set to open up after Berkshire deal

August 10, 2015 1:15 PM

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Wall St. set to open up after Berkshire deal

Wall Street was set to open higher on Monday after Warren Buffett's Berkshire Hathaway agreed to buy Precision Castparts in a deal valued at $37.2 billion, showing the M&A boom was alive and well.

Adding to the positive sentiment, poor data out of China boosted hopes for additional stimulus from Beijing. Greek banks could get a first capital injection soon after a bailout deal is agreed, and before the ECB can conduct stress tests, a euro zone official told Reuters.

Also read: China's Geely to buy Lotus, take stake in Malaysia's Proton

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