|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||32.98 - 32.98|
|52-week range||23.94 - 36.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The coronavirus market rout was the ultimate stress test for trading exchanges and has also made takeover targets potentially more attractive, with Milan still a favourite, Euronext Chief Executive Stephane Boujnah told Reuters. The pan-European exchange announced last month it would not make a counterbid for Spain's BME, leaving a clear run for Swiss Exchange SIX to complete its takeover of the Madrid bourse. Boujnah said in an interview the price and terms were not right for Euronext, calculating the Zurich exchange operator is paying almost a 40% premium for an exchange that has suffered declining earnings in recent years.
Banning short-selling of shares gives the impression of responding decisively to events without achieving any useful result, the World Federation of Exchanges (WFE) said on Monday. In an unusually blunt statement, the global umbrella group for exchanges and clearing houses said bourses already have safeguards like circuit breakers to slow markets during bouts of extreme volatility. Several European Union countries, including Spain, Italy, France and Belgium have banned traders borrowing a company stock with a view to selling it, hoping to buy it back later at a lower price and pocket the difference, a practice that critics say can exacerbate market moves amid panic selling.
Britain's financial markets have stayed orderly during the recent significant market volatility, and there is no evidence that short-sellers are the driver of a market rout, the Financial Conduct Authority said on Monday. While some European Union states have temporarily banned short-selling, the FCA said that it, most European countries and the United States have not introduced such curbs.