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On September 12, local time, President Xi Jinping met with Indian Prime Minister Narendra Modi in New Delhi, India, on the afternoon of the 18th BRICS Summit. Xi Jinping shared four points on promoting the steady and long-term development of China-India relations. First, aligning with an objective and rational strategic understanding. China and India are partners, not rivals, and opportunities, not threats, for each others development. This strategic judgment is based on the development stages of both countries and the international environment, and is in the common interest of both countries and their people. Second, achieving mutual success through win-win cooperation. Both sides should focus on development as the greatest common denominator, strengthening friendly exchanges and mutually beneficial cooperation. Expanding cooperation in areas such as people-to-people exchanges and direct flights will effectively improve the public opinion foundation for bilateral relations. Balancing and addressing each others economic and trade concerns will promote the healthy and stable development of bilateral economic and trade relations. Third, eliminating interference with the political wisdom of mutual respect and understanding. Both sides should be committed to advancing bilateral relations and border issues on a dual-track approach, promoting mutual progress, and maintaining peace and tranquility in border areas. Fourth, benefiting the world through open and inclusive multilateral cooperation. We will support each other in serving as BRICS chairs, strengthen cooperation within multilateral frameworks such as the United Nations, the Shanghai Cooperation Organisation, and the G20, work together to address global challenges, and resolutely defend international fairness and justice.September 12 - According to the website of the China Maritime Safety Administration, the Dalian Maritime Safety Administration issued a navigation warning that from 16:00 on September 13 to 16:00 on September 27, military operations will be carried out in parts of the Bohai Strait and the northern Yellow Sea, and entry is prohibited.Anthropic co-founder and CEO: Proposed that leading AI companies in democratic countries coordinate to establish common safety standards.Anthropic co-founder and CEO: Proposes that every leading AI company commit to providing continuous, staff-like access to a resident team of third-party evaluators.Anthropic co-founder and CEO: Proposes that the US and other democratic governments try to coordinate with other governments.

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.