The Traderszone Network

Oil prices are trading near four-month lows on Tuesday as a plunge in Chinese equities batters investment sentiment. Numbers for U.S.

read more

Currently 1.5547 near session lows as we wait on first reading at 08.30 GMT
UK Q2 GDP
Offers 1.5565  
1.5580 1.5600 1.5625 
1.5640-50
 1.5680 1.5700-10
Bids 

The all-cash deal for Melrose’s Elster division will have a minor dilutive impact on its 2016 earnings per share, Honeywell, a maker of aircraft parts and climate control systems, said in a statement. “Elster’s gas business offers products in high demand among natural gas customers and brings a strong, global distribution network and numerous cross-selling opportunities for existing Honeywell technologies,” Honeywell said. Elster, which also makes flow computers and regulators for the gas industry, is estimated to post sales of $1.8 billion in 2015.

The company also lowered its expected full-year organic capital spending to below $20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices. BP’s underlying replacement cost profit, the company’s definition of net income, was $1.3 billion, lower than analysts expectations of $1.64 billion. This month, BP reached an $18.7 billion settlement with the U.S. government and five states to resolve most claims from the deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.

Hikma said it will pay about $1.18 billion in cash and issue 40 million new Hikma shares, or about 16.71 per cent of its issued share capital, for Boehringer’s Roxane Laboratories Inc and Boehringer Ingelheim Roxane Inc on closing of the deal. The Jordanian company, which makes and markets branded and non-branded generics and injectable drugs, said the deal would make it the sixth biggest U.S. generics provider.

The data highlight of the morning brings us the preliminary reading for the UK ‘s Q2 GDP
The final qq Q1 release came in at +0.4% with yy at 2.9% which Ryan covered , and today’s forecasts predict an increase in qq to +0.7% but slower yy at 2.6%

Ok good people of ForexLive land, here’s your chance to shine again
With the euro drifting lower so far and UK Q2 GDP on the horizon what are you all looking to do today?