For the deal to go through, analysts have suggested that an offer of at least $30 per share would be needed from Dell. EMC's shares rose 4.3 percent to $27.07 on the New York Stock Exchange.
While doubts about the pace of recovery in the US have pressured the dollar recently, the prospect of a longer period of lower rates lifted global sentiment this week.
LIMA The Group of 20 major economies have endorsed a package of measures to tackle corporate tax avoidance, but questions remain about whether countries will follow through on the plans or leave loopholes multinationals can exploit.
US stocks traded higher in the morning session, as investors continued to digest the minutes from the US Federal Reserve's September meeting.
NEW YORK: Italian sports car maker Ferrari's U.S. IPO is expected to raise as much as $900 million at the planned price range of $48-$52 per share.