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On August 27th, it was reported that the Hong Kong Stock Exchange (HKEX) is studying the possibility of establishing a new chapter in its listing rules to merge the Growth Enterprise Market (GEM) with the Main Board. The proposed merger is expected to be open for public consultation before the end of this year. In response, the HKEX stated that it has implemented the first phase of measures to enhance the competitiveness of its listing mechanisms, which has received widespread market support and further enhanced Hong Kongs attractiveness as a leading global fundraising market. "We will continue to study further measures to optimize the listing mechanisms, ensuring they are up-to-date and meet market needs, and will announce relevant progress in due course," said a HKEX official.ECB Governing Council member Radev: I am willing to take restrictive measures if conditions permit.ECB Governing Council member Radev: Tightening financial conditions needs to be considered.On August 27, 2026, Lu Lei, member of the Party Committee and Vice Governor of the Peoples Bank of China, attended and addressed the 15th China Payment and Settlement Forum. Lu Lei pointed out that global technological innovation is accelerating, and artificial intelligence technology is entering a period of active development. The payment industry is at a critical stage of transformation, upgrading, and efficiency improvement. All market participants should coordinate development and security, actively implement the "Self-Discipline Convention on Smart Payment Applications," strengthen consumer rights protection, enhance risk prevention, improve the diversification of payment tools and the diversity of the payment ecosystem, and promote the payment and settlement industry to a new level, better serving high-quality economic development.August 27 - According to Fontanka, a car carrying a Russian soldier and his wife exploded in St. Petersburg on Thursday, killing the man instantly. The online newspaper reported that the deceased was a lieutenant colonel. Izvestia reported that the driver died in the explosion, but did not confirm whether he was a soldier.

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.