EUR/USD 1.14564
-0.522%
Gold 4547.14
0.728%
Oil 99.685
2.185%
USD/JPY 159.425
-0.447%
GBP/USD 1.31846
-0.653%
GBP/JPY 210.200
-1.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A spokesperson for the Iranian Foreign Minister stated that Iran received information through mediators regarding the US seeking dialogue, but considers these demands overly demanding and illogical. Iran will not participate in Pakistan-led meetings concerning the war.On March 31, US President Trump, in an interview with the New York Post on Monday, stated that Iranian Parliament Speaker Ghalibaf was one of the Iranian officials communicating with the US regarding ending the war. When asked if he could trust Ghalibaf in cooperating with Washington, Trump replied, "Well see." He added that he would inform them of the details in about a week. On Sunday, Trump told the Financial Times that Ghalibaf had authorized oil tankers to pass through the Strait of Hormuz. Trump interpreted this move as Ghalibaf being willing to make concessions to reach an agreement to end the war. Ghalibaf denied having held any negotiations with the US, but experts say he is a hardliner and has the potential to reach an agreement. According to the Wall Street Journal, Ghalibaf is one of two Iranian officials temporarily removed from the US and Israels "death list."NATO spokesperson: (Regarding the interception of Iranian missiles bound for Turkey) NATO is prepared to deal with such threats and will always take necessary measures to defend all allies.British authorities say lenders face €7.5 billion in car loan compensation bills, up from €8.2 billion previously.British Prime Minister Starmer: A coalition of 35 countries has been formed to de-escalate the situation.

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.

Suggestion