DAX: No longer overbought as we retreat quickly from the record high. Chart from Analyst, Nicole Elliott – Investors Chronicle.

 

French GDP grows 0.6 per cent Best in 6 years

In the final quarter of 2017 French GDP grew by 0.6 per cent taking the annualised rate to 1.9 per cent, its highest since 2011’s 2.1 per cent. Cheers all round for a fifth consecutive quarter of economic growth, giving President Macron a rosy glow, and a lot better than the average 0.8 per cent in the decade to 2016.

The Nikkei reports that Apple is to slash production of its new $999 iPhone X line due to demand being lower than predicted. Suggestions are that it might be halved. US equity indices had their first down day in a while, egged on by higher bond yields.

Financial & Political Commentary

 

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