DAX: Hints of divergence as we’re fractionally less overbought after hitting a new high..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

DAX SHORT TERM TRADER: Square.

DAX POSITION TAKER: Square.

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London and South East house prices fall Grow at slowest since 2012 nationwide

Tuesday’s good news on UK jobs and wages has been dented this morning by more data from the ONS, this time on the lack of growth in house prices – as inflation is running at 1.9 per cent. Across the country house prices rose just 0.6 per cent to £226,000 in the year to February – the slowest pace September 2012. The south east saw a fall to £316,000, the first drop since 2011. London prices dropped 3.8 per cent, building on January’s 2.2 per cent fall, to £460,000.

The backlash against President Macron started up again, this time over his handling of the Notre Dame fire. The pre-recorded televised address that was due to air on Monday evening (and was replaced by a live speech where he claimed to have saved the cathedral) included the news that he was to scrap the Ecole Nationale d’Administration (ENA). Set up in 1945 by Charles de Gaulle, it has trained nearly all of France’s top politicians, civil servants, and business bosses, including the current President, and is seriously elitist. The millions of euros donated by France’s richest families for reconstruction have also irked the left because of their sheer scale and speed. The Pinault family, which Forbes estimates to be worth $55.5 billion in 2018, said they will not be claiming tax breaks of up to 60 per cent on the €100 million they kicked off with.

Financial Markets and Political Commentary
 

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