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July 16 – On July 16, local time, the Verkhovna Rada (parliament) of Ukraine passed a resolution approving the nominations of several key cabinet members and ministers submitted earlier that day by newly appointed Prime Minister Sergei Koletsky. Earlier that day, the Verkhovna Rada appointed Sergei Koletsky, chairman of the board of directors of the State Oil and Gas Corporation of Ukraine, as prime minister.On July 16th, local time, tech journalist Mark Gurman reported that Apple is preparing to launch its biggest upgrade to the iPad mini in five years, with a possible release this fall and availability in October. The new iPad mini, codenamed J510, will be the first to use an OLED display to improve visual quality. Meanwhile, Apple also plans to update the entry-level iPad (codenamed J581) and the 11-inch and 13-inch iPad Air (codenames J807 and J837) next year, with the entry-level model primarily upgrading its processor. The iPad Air is expected to be released in the spring. Apple is expected to release its first foldable iPhone and a new Apple Watch in September this year, and has already raised prices on several products, including the iPad series, last month.July 16th - The 2026 World Artificial Intelligence Conference and High-Level Meeting on Global Governance of Artificial Intelligence is about to open, and companies from the Sci-Tech Innovation Boards (STAR Market) AI industry chain will showcase their latest achievements. According to the exhibition arrangements, more than 10 Sci-Tech Innovation Board-listed AI industry chain companies will participate in the conference through exhibition halls, covering the entire chain from computing chips to terminal applications. Regarding performance, as of the evening of July 16th, 32 companies on the STAR Market have disclosed their 2026 semi-annual performance forecasts, of which 30 are expected to be positive, including 22 companies expecting year-on-year net profit growth and 6 companies expecting to turn losses into profits. These companies cover multiple fields such as semiconductors, electronic materials, high-end equipment, biomedicine, and lithium batteries.Li Auto (02015.HK) launched the new Li L6 four-wheel drive SUV, with a unified national retail price of RMB 249,800.Iranian Foreign Ministry spokesman Bagaei: Faced with aggression, Iran will never stand idly by. The armed forces, diplomatic missions and the entire nation will do everything in their power to safeguard national security.

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.