DAX: Munich prosecutors have also launched an inquiry into potential market manipulation..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

DAX SHORT TERM TRADER: Small short at 11180; stop above 11400. First target 10600.

DAX POSITION TAKER: Short at 10955; stop above 11400. Target 9350.

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Europe’s biggest bank disappoints today Cautions on China and the UK

HSBC Holdings plc posted lower than expected profit growth and higher operating costs this morning, warning that the outlook for its key markets – greater China and the UK – are likely to be tricky this year, Reuters reports. CEO John Flint also flagged up trade tensions, a less rosy economic outlook and the uncertain path for interest rates as barriers to a better business outlook this year.

As has been the case in nearly every single month since January 1993, Switzerland has managed a trade surplus again in December 2018. Data released this morning show that, despite imports increasing, the landlocked nation managed to post a surplus of $3.04 billion, up from $1.96 billion in November, but below the record high of CHF 3.29 billion in September 2016.

Financial Markets and Political Commentary
 

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