News:
"In company news, American Financial Group (AFG) climbed over 17% after late Wednesday announcing the sale of its annuity business to the life insurance arm of privately held Mass Mutualfor $3.5 billion in cash. The property and casualty insurer said it expects to book a $7.10 to $7.90 per share after-tax gain after the deal closes its Q2 ending June...
Many insurers are breaking out, RSA is an example.Shows confidence in equities. Also the ECB will now accept equities as collateral from banks. Surely great news for stocks?