DAX: No longer overbought after yesterday’s decent gravestone doji. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

China’s foreign ministry criticizes the US
After Senate passes bill supporting Hong Kong’s protesters

Yesterday afternoon the US Senate unanimously passed a bill, the ‘Hong Kong Human Rights and Democracy Act’, which now returns to the House before being sent to President Trump for approval. Retaliating this morning, China’s foreign ministry said in a statement that it ‘’strongly condemns and resolutely opposes’’ the act because it interferes with the mainland’s domestic affairs.

Major UK retail chains (which have 10 or more outlets) have shuttered 5834 branches in the first 9 months of this calendar year, up 77 per cent from 2018. Some 333 shops used a company voluntary arrangement, 708 folded into administration, and 4793 were part of a cost-cutting exercise. Based on data from the Centre for Retail Research, it also means that thousands of jobs have gone, maybe forever.

Financial Markets and Political Commentary

 

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