DAX “..weekly candle is a small hanging man and today’s the last day of Q3 2019; time to take stock” Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Kurz is back in town
With about 38 per cent of Austrian vote

Sebastian Kurz (33), the youthful leader of Austria’s conservatives, whose coalition government with the far-right Freedom Party collapsed after an expenses scandal, took an estimated 38 per cent of all votes making them the key to a new coalition government. Next in line with around 22 per cent of the vote were the Social Democrats, their worst showing since WWII, followed by a diminished far—right and then the Greens at 14 per cent. Negotiations are expected to take weeks, making Austria another EU nation with a ropy handle on government.

The World Trade Organisation has found that EU airplane-maker Airbus received billions in illegal subsidies for at least 15 years; so too has US’s Boeing. They are expected to decide on a record award for the US this week, with another against to US due in 2020. Suggestions are that the Geneva- based organisation is thinking of tariffs on EU goods exported to the US running into roughly $7.5 billion, a record.

Financial Markets and Political Commentary
 

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