EURUSD continues to drift in "no-man's" land, Larsen adds and with a liquidity shortage ongoing and Greek headlines simmering in the background, Larsen puts support at 1.0625 and resistance at 1.0840 and has a warning on the vols impact the liquidity shortage is having. "EURUSD vols keep increasing as the market gets more reactive on the back of these relatively huge moves in the market on a daily basis," he says. EURUSD was at 1.0768 at 0655 GMT. Nurse, nurse! From the Floor's picked up a few battle wounds in its time and likes nothing better than a period of rehabilitation in the local hospice. It might come as no surprise then that the healthcare sector continues to thrive and is helping spark some serious mergers and acquisition activity. "Across the board, you are seeing biotech, pharmaceuticals and healthcare companies performing particularly well," says Saxo Bank's head of equities Peter Garnry, ahead of results for Roche which is up 2% pre-market. "We expect M&A to pick up and this underpins the whole underlying health of the health sector," he says. Garnry has words of encouragement too for Tesco (LONDON:TSCO) which, despite revealing a ÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã‚Â¡ÃƒÆ’Ã†â€™ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¡ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â£6.38 billion loss in London this morning, is still "in turnaround". "If you strip out the one-off items it seems that they are stabliising and the fact that shares were up 2% pre-market seems to suggest investors are clearly happy," he says. Elsewhere, the Shanghai Composite index brushed itself down after the stutters earlier this week to hit a fresh seven-year high and DAX continues to revolve around the 12,000 mark like a moth around light.
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