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June 21st - On June 21st, the last day of the Dragon Boat Festival holiday, the national railway is expected to transport 17.94 million passengers, with 1,355 additional passenger trains planned. On June 20th, the national railway transported 12.143 million passengers, with transportation proceeding safely, smoothly, and orderly.June 21 - According to the Associated Press: U.S. Vice President Vance has arrived in Switzerland to lead negotiations between the U.S. and Tehran regarding its nuclear program.June 21 - Market sources indicate that the United States will pressure Iran during negotiations in Switzerland to allow UN inspectors to return to key nuclear facilities, offering the unfreezing of billions of dollars in frozen Iranian assets as a core incentive. This issue is expected to be one of the most crucial topics in the first round of negotiations.June 21 – According to the Financial Times, index provider MSCI assigned SpaceX its lowest environmental, social, and governance (ESG) rating of “CCC” ahead of its record $75 billion IPO this month. According to MSCI, this puts SpaceX “behind the industry due to its high exposure to risk and failure to manage significant ESG risks.” Frédéric Ducoulombier, program director at the EDHEC Business School’s Climate Institute, said: “The company’s poor assessment of controversies, extremely poor governance assessment, and low overall ESG rating should not surprise anyone. For public market investors, this is very close to a governance horror story.”June 21 - According to the website of the China Maritime Safety Administration, the Beihai Maritime Safety Administration issued a navigation warning that military training will be conducted in parts of the Beibu Gulf from 12:00 to 14:00 on June 22, and vessels are prohibited from entering.

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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