FTSE: The Telegraph suggesting that those who won’t back her Brexit deal are unpatriotic has backfired. Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

FTSE SHORT TERM TRADER: Stopped out on Friday’s close for a small loss.

FTSE POSITION TAKER: Square.

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Grim and grimmer in Paris and London President Macron cuts short his ski weekend

Echoes of Versailles, as an estimated 10,000 gilets jaunes returned to the Arc de Triomphe this weekend, smashing, looting and burning commercial property; the President called a crisis meeting ‘’so this doesn’t happen again’’. Over at the Gare du Nord passengers queued for up to 5 hours to board a seriously reduced Eurostar train service; the company urging passengers not to travel until Wednesday, and only if ‘absolutely necessary’, offering full refunds; customs staff are striking over pay and conditions. Reuters reports today that the French champagne makers’ trade group CIVC says that in 2018, for the first time in a century, more bottles were exported than sold in France. Sales in both France and the UK, which together account for 60 per cent of consumption, fell for a third consecutive year; they blamed the barely managing middle’s switch to Prosecco.

London home prices fell 1.1 per cent since February taking the Y/Y decline to 3.8 per cent, Rightmove reports overnight; sales volume fell 10 per cent from this time last year. Across the UK prices dropped 0.8 per cent over the last month taking the annual price rise to just 0.4 per cent; contrast with hardest hit Kensington and Chelsea which lost 8.3 per cent over the same period.

Financial Markets and Political Commentary
 

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