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On August 17th, it was learned from the Zhuhai Border Inspection Station that, with the approval of the National Immigration Administration of the Peoples Republic of China, the Zhuhai Border Inspection Station, in consultation with the Macao Public Security Police Force, will officially implement three convenient measures to optimize the "cooperative inspection, one-time clearance" inspection model at the three cooperative inspection ports of the Hong Kong-Zhuhai-Macao Bridge, Hengqin, and Qingmao, starting from 00:00 on August 18, 2026. These measures cover the optimization of the document submission process for Hong Kong and Macao residents, the expansion of the scope of personnel using the cooperative fast track and the "joint one-stop" lane, etc., aiming to further improve the passenger clearance experience and facilitate the convenient movement of people within the Guangdong-Hong Kong-Macao Greater Bay Area.August 17th - The Third APEC Senior Officials Meeting and related meetings will be held in Dalian, Liaoning Province, from today (August 17th) to August 28th. This meeting is the largest in terms of attendance and number of sessions among all the senior officials meetings to date, and will promote greater cooperation across various fields and mechanisms within the APEC framework, preparing for the Leaders Meeting in November. More than 2,300 representatives from APEC member economies and the Secretariat are expected to attend.Japanese Economy and Fiscal Policy Minister Minoru Shirou: The economy may be supported by employment, improved wage conditions, and government policy measures.Japanese Minister of Economy, Trade and Industry Minoru Shirou: It is necessary to closely monitor the impact of the situation in the Middle East.Japanese Economy and Fiscal Policy Minister Minoru Shirou: The Japanese economy continues its moderate recovery.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


微信截图_20220507103127.png


The DAX is falling as industrial output declines.


After a slaughter on Wall Street that saw the Nasdaq finsh 5% down, European equities have begun in the red, extending losses from the previous day.


Fears of inflation, stagflation, and recession are weighing on the market as we approach the weekend. The DAX is expected to shed 1.4 percent this week, marking the fifth consecutive week of losses.


In March, German industrial output decreased -3.9 percent on a month-over-month basis, down from 0.2 percent in February and considerably below the -1 percent drop forecast. The negative report comes on the heels of a sharp drop in German manufacturing orders in March. The data represents the economic effect of the Russian conflict on Germany and the Eurozone as a whole.


Germany does not have any additional statistics due today. Sentiment and the US NFP announcement will affect European indexes.

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