European indices edge lower having pared steeper losses triggered by disappointing business climate data from Germany. In Amsterdam Altice declines after a $1.2 billion stock issue linked to affiliate Numericable’s $23 billion fusion with the wireless services unit of Vivendi, and in Zurich Syngenta gets a boost from news that it has come under the takeover radar of crop science giant Monsanto. In Sydney department stores operator David Jones closes higher after agreed bidder Woolworths, of South Africa, attempts to clear the way to the takeover with a side deal.

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