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Xi Jinping will attend the first phase of the 18th BRICS Summit and deliver an important speech.On September 12, Iraqi Armed Forces Commander-in-Chiefs spokesman, Sabah al-Numan, issued a statement saying that, given the investigation results confirming that the attack on Saudi Arabia originated from Maysan province in southern Iraq, Iraqi Prime Minister and Armed Forces Commander-in-Chief Zaidi has ordered the dismissal of the commander of the Maysan Operations Command and the establishment of an investigation committee to investigate the command.September 12 - On the afternoon of September 12 local time, President Xi Jinping will attend a welcoming ceremony for BRICS leaders in New Delhi.September 12th - The State Council Information Office will hold a regular policy briefing at 3:00 PM on Monday, September 14th, 2026. Vice Minister Ke Jixin of the Ministry of Industry and Information Technology, along with relevant officials from the Peoples Bank of China, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration for Market Regulation, and the China Securities Regulatory Commission, will introduce the relevant work on strengthening the governance of the problem of difficult payment collection for small and medium-sized enterprises (SMEs) and answer questions from reporters.On September 12, Xiaomis Pengcheng series officially began nationwide delivery, with the first stop in Xuzhou, Jiangsu Province, where the first batch of 20 car owners took delivery of their vehicles on the same day.

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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