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On August 16th, Sophie Huynh, Portfolio Manager and Strategist at BNP Paribas Asset Management, stated that Europe is more likely to be a beneficiary of AI than a developer, with the automotive industry being one of the beneficiaries. Currently, European automotive stocks are so cheap that almost no one is really considering their upside potential. The key is understanding when the market will start talking about this, as it may take a year or two of holding these deep value sectors before the market consensus realizes it truly works. Many positive news regarding US consumer spending has already been priced in by the market, so the momentum of the US economy is slowing, while Europe is just beginning to recover.August 16 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.7-magnitude earthquake struck 81 kilometers northeast of Ruten Township, Manggarai Regency, East Nusa Tenggara Province, Indonesia, at 2:51 p.m. Central Time on August 16, with a focal depth of 10 kilometers.According to Irans Tasnim News Agency, the Iranian Revolutionary Guard stated that Qatar should allow an Iranian team of experts to investigate the missing pilots disappearance, rather than denying that the pilot had been detained.August 16 - Explosions were heard in Kyiv, Ukraine on August 16 local time.According to Irans Tasnim News Agency, the head of the Iranian militarys missing personnel stated that Qatar must allow an Iranian Air Force investigation team into the country.

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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