DAX: A decent sized shooting star candle yesterday underlines the struggle the index is having under last year’s record high. Chart from Analyst, Nicole Elliott, Investors Chronicle

 

DAX SHORT TERM TRADER: Short at 13290; stop above 13550. Target 12900.

DAX POSITION TAKER: Square.

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Decade high for European car sales As UK and US ones retreat

Yesterday the European Automobile Manufacturers’ Association said that in 2017 15.6 million cars were sold, a 3.3 per cent increase on 2016 and the highest since 2007’s 16 million. Toyota saw the biggest gains with a 12 per cent rise, as did Renault’s Dacia, the parent company gaining 6.7 per cent. The survey covers 27 EU countries (not Malta), Iceland, Norway and Switzerland.

President Trump’s passed his medical. Rear Admiral Ronny Jackson said the 71-year old was ‘fit for duty’ though at 6 foot 3 inches and weighing 239 pounds he was borderline obese. Tweaks to his diet were suggested and went down better than the suggested daily exercise regime. He had ‘absolutely no concerns about his cognitive ability’.

Financial & Political Commentary

 

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