The Traderszone Network

Currently 1.0857 struggling to make any headway higher so far
Offers   
1.0885 1.0900 1.0930 1.0950 1.0980
1.1000 1.1020
1.1050
1.1065
1.1080-85
Bids  

Currently 1.5571 having found support into 1.5525 again. UK services PMI awaited at 08.30 GMT
Offers
1.5585 1.5600
1.5620-25
1.5650
 1.5680 1.5700-10
Bids 

Alibaba Group Holding Ltd is hoping a Canadian Olympic gold medallist once tipped to be the next chief executive of Goldman Sachs Group Inc will help them make it big in the United States. Michael Evans, who turns 58 this month, retired from the U.S. investment bank in 2013, having forged a reputation as one of the most prolific deal makers in Alibaba’s native China during a seven year stint in Hong Kong between 2004 and 2011. “Evans was Mr China back when he was at Goldman,” said Eugene Tan, head of Asian Investment Banking at Oppenheimer Investments Asia limited.

Motorola hopes Silver Lake will help accelerate its transition from selling only radios that police officers, fire departments and other emergency workers use, to a broader emergency communications platform, the newspaper reported. The investment, a so-called private investment in public equity, or PIPE, is in the form of debt that can be converted into common stock. Two top Silver Lake executives, Egon Durban and Greg Mondre, will join Motorola’s board as part of the deal Motorola plans to announce on Wednesday, the newspaper said.

Gold hasn’t fulfilled its role as a safe haven during the latest crises, but we haven’t had a real crisis yet, says Matthew Lynn.
read more

Latest Swiss inflation data out just now
– +0.1% prev
– HICP mm -0.2% vs +0.2% prev
– yy -0.8% vs -0.6% prev
Yet further confirmation of the lack of inflation around right now and a concern for the SNB of course

European markets all higher on the opening
– FTSE +0.2%
– DAX +0.4%
– CAC40 +0.3%
– FTMIB +0.5
– IBEX +0.4%
China’s CE1300 Index closes down 2.1% and the Shanghai Comp Index down 1.6%