Morning in brief: Spain and France hold government bond auctions, Yahoo takeover bid mounted

Spain and France will both hold closely monitored government debt auctions today, while Yahoo is valued at an estimated $25 billion following takeover rumours.

International

Spain and France will auction off $11 billion (£7 billion) in government debt later this morning. The sales will provide the first real test of the eurozone bond markets following the coordinated actions of central banks yesterday to improve liquidity for European central banks, reports Bloomberg.

Markets

The coordinated actions of several of the world’s largest central banks has lifted global markets. In particular, the Asian index has demonstrated strong gains on the news, reports the BBC.

Companies

Blackstone Group and Bain Capital are mounting a bid for Yahoo, which could see the company valued at as much as $25 billion (£16 billion), reports Reuters.

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