The Traderszone Network

Currently 1.1524 in retreat as the DAX rallies further. German IFO out at the top of the hour
Offers
Bids 
1.1520 1.1500 1.1480-85 1.1465 1.1450
1.1420-25 1.1400

Currently 1.5767 after failing above yesterday. I jobbed around ok in the end given the sharp moves/opportunity . Square now and but it’s delicately poised here

Syngenta AG, the Swiss agricultural chemicals maker, was seen opening up more than 7 percent after a source said Monsanto Co. had sweetened its takeover offer, according to premarket indicators in Zurich. U.S.-based Monsanto increased its offer to buy Syngenta to around $47 billion, or 470 Swiss francs ($503.70) per share from 449 francs per share previously, a person familiar with the matter said on Monday. Syngenta officials did not return a request for comment on Tuesday morning about whether a sweetened deal from Monsanto would convince them to agree to discuss a transaction.

by Keith Weiner

I have been writing about consumption of capital, using the example of a farmer who sells off his farm to buy groceries. It’s a striking story, because people don’t normally act like this. Of course, there are self-destructive people in every society, but, not many. Most people know not to spend themselves into poverty.

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PM Abe’s advisor on the wires a short while ago
– BOJ should ease if China policy causes over strong yen
– need fiscal steps if Japan Q3 GDP fails to grow
– declines to comment on current yen levels

Data out a few moments ago but not a price changer
– -1.3% prev

Shrugging off further Chinese market losses so far
– FTSE +1.6%
– DAX +1.7%
– CAC40 +1.9%
– FTMIB +2.0%
– IBEX +1.6%
China’s Shanghai Composite Index closes down -7.6%, CS1300 Index -7.1%, both closing at the lowest levels since Dec 2014