EURUSD: A sorry little specimen as it snakes along the bottom..Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Record turnout for Sunday elections in Hong Kong Landslide majority for the democrats

In contrast with the last 6 months, there were no protests or demonstrations anywhere in the city as voters queued peacefully to choose candidates for the 452 district council seats. A turnout of over 71 per cent delivered victory for the democrats in over 90 per cent of seats, despite what was said to be a strong push by the pro-Beijing campaign. Hong Kong Chief Executive Carrie Lam said he government would ‘’listen to the opinions of members of the public humbly and seriously reflect’’.

The Financial Times this morning reports that big 4 auditor EY has placed about 100 people at its advisory consultancy unit at risk of redundancy; this is because fees have dried up, shrinking by 3 per cent this year.

Financial Markets and Political Commentary

 

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