By Louisa Peacock
Eurozone unemployment marched higher on Thursday as Greek joblessness reached a new record and France’s jobless rate hit the psychologically damaging 10pc mark.
Greece has been struggling through a financial crisis for the past two years, and has been relying on billions of euros in international rescue loans from other eurozone countries and the International Monetary Fund since May 2010 Photo: Bloomberg
Greece’s unemployment rate shot up to 21.9pc in March, rising sharply from the 15.7pc rate in the same month last year and up from 21.4pc in February, the country’s statistics agency said…
Elsewhere in the crisis-hit eurozone, France’s unemployment rate rose to about 10pc in the first quarter, up from 9.8pc in the previous three months, according to Bloomberg.
Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes.
I have added 8 new stocks to the swing trade chart pick list, including 2 shorts.
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.