House as House Speaker John Boehners plan fails with just ten days until the fiscal cliff deadline. Markets trading lower on that news. Arcelar and skanska trading down. The mayan calendar counts down to that cataclysmic conclusion. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Lets take a look at how markets are trading. Stoxx europe 600 is down about. 6 this morning, this after word that House Speaker John Boehners plan b didnt come to a vote last night. He couldnt get them in place apparently. Well have plenty more on the impact of that on the program. Not much here, we see decliners well outpacing advancers. The ftse mib in italy down. 6 . The ibex down. 4 . The dax selling off. 5 lower than yesterday. Same goes for the ft. If it is, down. 8 . 5909. How quickly weve gone from talking about 6,000 to talking about 5,900. The german bund rallying. Same goes for the uk. Were seeing a rotation into safety, out of risk and out of spain and
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Despite recent high profile multi-billion-dollar tech deals, the market for mergers and acquisitions has fallen to its lowest point in a decade. The number of deals has gone up, but the total market value has declined.