GOLD: These two add weight to our view that an important interim high is probably in place. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

EU leaders postpone Commission decisions Must finalise by Wednesday

Last night the leaders of all 28 EU countries, including Britain’s Theresa May, met for an emergency summit to decide how the horse trading would divide up the plum jobs up for grabs at the EU Commission and the head of the ECB. As is typical in Brussels, talks continued throughout the night yet by 05:00 am nothing had been decided. This is their third attempt at filling the posts which must look to balance gender, nationalities and link to the size of each country’s population.

Markets in Hong Kong are closed today to commemorate the day 22 years ago, when Britain’s lease over the island expired. Protests were planned (linked to the issue of extradition to China) and they have smashed some windows at the legislature. Reuters reports that over 100 riot police are at the scene, using batons and pepper spray to try and disperse the people. A formal rally is due to start at 07:30 BST and Chief Executive Carrie Lam appeared in public for the first time in a fortnight.

Financial Markets and Political Commentary
 

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