Trade of the Day: CAC40, France to be hit by slower China growth
Trade parameters: Sold CAC-40.I CFDs at 4.140.37 with stop at 4.250 (on close)Trade idea backgroundFrance and its stock market “own” the luxury goods market. According to Bain & Co. it controls 25 percent of the world market for these sought-after products. The problem with this “luxury” is of course that emerging market growth overall, and Chinese growth in particular, is slowing […]