DAX: Bullish momentum dropped right back to where it was late February on this move..Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Commercial shipping a target in UAE
Two Saudi tankers attacked causing considerable damage

Escalating tensions in the Middle East, caused by the US imposition of tighter sanctions on Iran, have seen four UAE commercial vessels sabotaged and two Saudi tankers attacked, reports the Financial Times. These happened at a tanker refuelling station close to the UAE’s territorial waters in the Gulf of Oman. This is also close to the Straits of Hormuz which Islamic Republic hardliners threatened to attack to disrupt shipping in this busy channel. Stock markets in the region sold off today and yesterday.

Guy Verhofstadt, the European Parliament’s Brexit negotiator, aired two documentaries on UK terrestrial TV last week and was in a bus at Westminster over the weekend drumming up support for centre-left parties at this month’s EU elections. This, as the latest opinion poll shows Nigel Farage’s bran new Brexit Party polling higher than both the Conservatives and Labour put together (34 per cent versus 11 and 21 per cent respectively, Lib Dems on 12 per cent). The lead is perhaps due to the fact they are the only party actively campaigning for the elections.

Financial Markets and Political Commentary
 

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