DAX: A shooting star candle against Monday and Tuesday’s highs underlines resistance just under 12200. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Turkey attacks northern Syria Sends in the air force and the army

Overnight Turkish forces have attacked land occupied by roughly 3 million Kurdish peoples on the country’s southern border with Syria. Apparently, President Erdogan feels he’s been given a green light to do so now that President Trump has announced the withdrawal of US troops from the region. Britain, France and Germany have asked for an emergency meeting of the UN Security Council on the issue.

August trade data from Germany published this morning quite a shocker. Imports increased by 0.5 per cent, exports dropped by 1.8 per cent, taking the surplus down from €20.2 billion to €18.1 billion. The current account shrunk even faster, from €22.1 billion to €16.9 billion.

Financial Markets and Political Commentary
 

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