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European Central Bank: A sudden market sell-off could expose sovereign vulnerabilities and increase concerns about the sustainability of public finances.European Central Bank: Financial market sentiment may deteriorate, and sovereign risk faces reasonable risk of repricing.On May 27th, it was learned from the Ministry of Industry and Information Technology that the 2026 automotive standardization system has been finalized. This system covers many aspects, strengthens the top-level design of the standards system, and empowers the high-quality development of the automotive industry. In promoting innovation in emerging fields, the focus is on accelerating the development and iteration of standards in areas such as driving automation, connected functions and applications, information security and data security, resource management and information services, automotive software, automotive data, and "vehicle-road-cloud integration." The revision and formulation of standards for key system components such as automotive electronics and automotive chips will be carried out efficiently. Furthermore, forward-looking standard breakthrough actions will be launched for future industry directions such as automotive artificial intelligence and new forms of vehicles, and standard planning and layout will be carried out in advance.2026 FOMC voting member and Dallas Fed President Logan will participate in a panel discussion hosted by the Bank of Japans Financial Research Institute in ten minutes; Switzerlands May ZEW investor confidence index will be released in ten minutes.On May 27, Iranian sources claimed that Starlink was being used to support US military operations against Iran. The report quoted Starlink founder Elon Musk as saying that the US Department of Defense should pay more for using Starlink internet services to guide drones in Iran.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


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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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