FTSE: As we guessed, yesterday was a spike high. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

China warns against US ‘’sinister intentions’’
Hong Kong Democrats says it’s the best-ever Thanksgiving present

On the eve of today’s US Thanksgiving holiday, President Trump signed into law a requirement for the US State Department to verify that Hong Kong was sufficiently autonomous to benefit from its special trading status with the USA. The US ambassador in Beijing was summoned and told to stop acting ‘’arbitrarily’’ and that the US authorities should immediately stop interfering with China’s domestic affairs. ‘’The US plot is doomed’’ said China’s foreign ministry in a statement.

Yesterday Bloomberg reported that Deutsche Bank had sold €47 billion in derivatives to Goldman Sachs. This is part of CEO Christian Sewing’s plan to offload €282 billion in non-core assets, which in turn is one fifth of their balance sheet. Obviously, Goldman must be buying at a deep discount.

Financial Markets and Political Commentary

 

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