 The stock market rebounded strongly in June from a weak May performance, with major indices increasing approximately 7% on the back of increased hope for a trade truce with China and signals from the Federal Reserve that a rate cut may come this year. The month closed out the best first half market performance since 1997
M&A Activity Spikes in June on the Back of Mega Deals In June, there were 643 deals in M&A capital markets worth a combined $270 billion, the highest level since the start of the decade in 2010. However, 45% of that value is attributable to United Technologies’ blockbuster acquisition of defense contractor Raytheon. In fact, the deal is the largest since Time Warner acquired AOL in January 2001.  |
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