NEW YORK (TheStreet) -- Although U.S. equity markets are slightly lower so far in Friday's trading session, European and Asian markets have done well. Joining TheStreet's Jonathan Marino is London correspondent Laura Board of TheDeal.
Board noted that European indices were trading significantly higher following the trading break for Christmas. She also suggested that positive labor data from the U.S. may have helped as well.
Asian indices were led higher by China, as money market rates fell, temporarily relieving liquidity concerns in the country.
Turning to some M&A chatter, Board suggested that Vodafone (VOD) may be contemplating a bid for British Sky Broadcasting in an attempt to boost its TV content offerings to customers.In the U.S., both Sprint (S) and T-Mobile U.S. (TMUS) continue to move higher, as speculation increases over the latter being acquired by the former. Board added that Sprint may be looking at a price tag of $19 billion for T-Mobile, although she reminded investors that antitrust regulations could be an issue.
Finally, Audi plans to make a big investment as well. However, instead of targeting other companies as potential acquisitions, Audi is investing in itself to the tune of $30 billion. The investment is spread out over the next five years, Board said, and is the biggest in the automaker's history.
It will be used for ramping production from 1.5 million units (in 2013), to 2 million units. She concluded that Audi is looking to fight back against Mercedes-Benz and BMW with new vehicle models and improved technology. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell