DAX: Support is holding better than expected and there is a good chance that we’ll settle again above horizontal support at 12000. Chart from Analyst, Nicole Elliott – Investors Chronicle.

 

DAX SHORT TERM TRADER: Small short at 12535; stop well above 12400. Target at 11750.

DAX POSITION TAKER: Small short with a stop above 12400. Will add to the position on a weekly close below 12000 and on a daily one below 11700.

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North Korean surprise
Agree to talks with Trump

Brokered by South Korean diplomats since the thaw in relations on the peninsula after the winter Olympics, Donald Trump in a hastily organised press conference yesterday agreed to meet Kim Jong Un for talks. Credit where credit’s due, but both these unconventional men certainly know how to catch the world unawares. Location is as yet unknown, but BBC radio reports it should happen by the end of May this year.

Reporting yesterday the John Lewis Partnership saw profits fall 77 per cent to £103.9 million on sales which were up 1.8 per cent to £10.2 billion. The staff bonus pool was cut to a 60-year low of 5 per cent.

 

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