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February 7th - On February 7th, the sixth day of the Spring Festival travel rush, Xinmin Evening News reporters learned from China Railway Shanghai Bureau Group Co., Ltd. that the Yangtze River Delta Railway transported 2.721 million passengers on February 6th; February 7th marks the first weekend peak of passenger flow since the start of the Spring Festival travel rush, with an estimated 3.03 million passengers transported.February 7th - According to sources, artificial intelligence company Anthropic is close to finalizing details of a funding round exceeding $20 billion, which is expected to close as early as next week. The company initially sought $10 billion, but due to surging investor interest, it is now expected to raise more than double that amount at a valuation of $350 billion. This latest funding round will nearly double Anthropics valuation compared to its previous round, just five months after completing a $13 billion funding round. This funding frenzy stems from the AI startups soaring revenue growth rate, with annualized revenue exceeding $9 billion last summer.U.S. Ambassador to the United Nations Mike Waltz: The United States plans to make the first payment within weeks for the billions of dollars in debt owed to the United Nations.Iran Situation: 1. Trump stated he will hold further talks with Iran next week. 2. Iran stated during US-Iran talks that it will never accept "zero enrichment." 3. Iran announced that its armed forces will enter a state of highest combat readiness starting tonight. 4. The Iranian Army Commander said the Iranian armed forces will resolutely defend its territorial integrity. 5. The US Treasury Department added several oil tankers to its sanctions list related to Iran. 6. US-Iran talks concluded on Friday; the Iranian Foreign Minister stated that the US and Iran reached a consensus on continuing negotiations. 7. Trump authorized additional tariffs on countries trading with Iran, but these have not yet been implemented. 8. US media: Satellite images show Iran prioritizing the repair of ballistic missile facilities, with limited reconstruction of nuclear facilities. 9. The Iranian Foreign Minister explicitly responded to the issue of US military deployments in the Middle East, demanding that the US cease its threats and pressure. 10. According to Axios: Iranian Foreign Minister Araqchi departed from Oman for Qatar, where he will meet with the Qatari Prime Minister and Foreign Minister in Doha on Saturday. 11. Iran stated that Tehran rules out halting uranium enrichment but is willing to discuss the "enrichment and purity" of uranium or the establishment of a regional alliance. Tehrans missile capabilities were not discussed during the talks with the US. Other: 1. The Yemeni government issued a presidential decree to form a new government. 2. The Qatari Prime Minister spoke with the Turkish Foreign Minister to discuss the regional situation. 3. The Israeli military issued an emergency evacuation warning to residents near a building in Gaza City. 4. An Israeli military spokesperson stated that there are currently no changes to the defense guidelines issued to the public.February 7th - International gold and silver prices fluctuated significantly on February 6th. Spot gold prices fell by more than 2% at one point before rebounding to above $4,950 per ounce, a gain of nearly 4%; spot silver prices fell by nearly 10% at one point before rebounding to above $77 per ounce, a gain of over 9%. Year-to-date, international gold prices have risen by nearly 15%, and international silver prices by over 8%. Market analysts believe that against the backdrop of changing global liquidity expectations and a high concentration of speculative funds, the volatility in gold and silver prices reflects increased volatility in the precious metals market. This round of price fluctuations is the result of a combination of technical adjustments and changes in policy expectations, indicating a shift in the investment logic that previously supported prices.

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.