The Standard & Poors 500 Future trades up 01.3%. The DAX is in positive territory, trading +0.44%. Today´s best performer is Bayer. Informed circles have hinted that Bayer will take increase its takeover offer for Monsanto. Bayer has increased its offer to 128 USD for Monsanto shares. An official confirmation from Bayer could follow today. The takeover will cost Bayer 56 Billion USD, which would create the world´s largest agricultural and pesticide corporation. . Interestingly, Bayer´s equity dropped on initial news of a takeover and now rises 3% on the actual takeover. Us markets will open higher today. The USD has given up most of its gains against the Yen. Gold and WTI Oil trade up.
The S&P500 is in a downward trend.
Nasdaq 100 is in a downward trend.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.