Bargain hunters went shopping last week as all but one of the indices I tracked finished higher; last week’s 2.9% gain in the S&P/TSX composite made it the top performer. Major oil-field services company Schlumberger also went shopping last week when it announced a deal to acquire smaller rival Cameron International in a cash and stock deal valued at approximately USD$12.7B. Germany’s DAX, France’s CAC 40, and Japan’s Nikkei 225 are still posting decent positive YTD numbers.
The Week That Was
A review of how some of the major stock market indices did over the past week: