DAX: MACD continues to flash a small warning. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Malaysia’s PM Mahatir sends his resignation letter Suggestion is he plans a new coalition government

Today in a letter to the king, Malaysia’s Prime Minister Mohamad Mahatir (94) submitted his letter of resignation. Reuters reports that the ruling coalition was in talks to form a new government that would not include the PM’s chosen successor Anwar Ibrahim. This, and the spread of the Covid-19 virus, sent the Malaysian ringgit down 0.7 per cent so far today, its sharpest drop in 3 years, and the Kuala Lumpur main stock index to a 10-year low.

Today Austria will decide whether to close its border with Italy to all traffic. Already yesterday it stopped a train from Venice at the border because of suspected coronavirus carrying passengers on board. Even as confirmed Italian cases of the disease leap from 3 to 152 in a matter of days, the EU’s Gentilone says he has ‘’complete confidence’’ in the country’s health officials.

Financial Markets and Political Commentary

 

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