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Market Update : 
Mergers Lift Sentiment
Author: Elena Todorova
123jump.com
Last Update: 11:43 AM EST December 12 2005


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Asian-Pacific benchmarks advanced, led by the Nikkei hitting a new five-year high of 15,738.70, followed by South Korean Kospi, up 1.2%. European averages traded higher at mid-day, boosted by media companies with the German DAX 30 in the lead, up 0.7%. Shares of Burlington Resources climbed on news that ConocoPhillips is in talks to buy the oil and gas producer for more than $30 billion.

 

 

 
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