DAX SHORT TERM TRADER: New little short at 13200; stop above 13325. Target 12300. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

EU sighs of relief as Germany avoids recession Growing at Japan’s snail pace though

Data published this morning showed that German Q3 GDP grew at 0.1 per cent taking the annualised rate to 0.5 per cent economic growth (following Q2’s drop); many had pencilled in a slide into recession. Overnight Q3 data for Japan came in at 0.1 on the quarter and 0.6 per cent annualised. Also, overnight Australian data showed that unemployment grew to 5.3 per cent in October and the participation rate dipped to 66 per cent. Likewise, in France Q3 unemployment increased to 8.6 per cent.

The streaming service Disney+ launched yesterday in the US, Canada and The Netherlands and it already has over 10 million subscribers. For comparison, it took HBO over 4 years to reach that number of paying viewers. Disney shares rose 7 per cent yesterday while those of Netflix dipped 3 per cent.

Financial Markets and Political Commentary

 

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