ABB fears as BofA takes hit, Enegas, Luxottica frustrate

Bank of America Merrill Lynch was left nursing what looked like a considerable loss after getting its bid wrong for last Thursday’s night’s €950m block of Deutsche Post stock. Taken together with Goldman Sachs’ and UniCredit’s cut-down sale of Luxottica earlier last week — and this week a disappointing sale of Enagas shares — the signs are that sellers can’t get carried away by the market rally.