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Spot silver fell more than 1.00% on the day, currently trading at $83.29 per ounce.According to Futures News on February 12, the worlds largest silver ETF, iShares Silver Trust, increased its holdings by 19.73 tons from the previous day, with its current holdings at 16,236.18 tons.1. The three major U.S. stock indexes closed slightly lower. The Dow Jones Industrial Average fell 0.13% to 50,121.4 points, the S&P 500 was flat at 6,941.47 points, and the Nasdaq Composite fell 0.16% to 23,066.47 points. IBM fell more than 6%, and Salesforce fell more than 4%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index fell 0.57%, with Google and Microsoft falling more than 2%. The Nasdaq China Golden Dragon Index fell 0.65%, with Hesai Technology falling nearly 6% and Huya falling more than 5%. 2. The three major European stock indexes closed mixed. The German DAX fell 0.53% to 24,856.15 points, the French CAC40 fell 0.18% to 8,313.24 points, and the UK FTSE 100 rose 1.14% to 10,472.11 points. 3. International precious metals futures generally closed higher, with COMEX gold futures rising 1.53% to $5107.80 per ounce and COMEX silver futures rising 4.60% to $84.08 per ounce. 4. The most active US crude oil contract closed up 1.45% at $64.89 per barrel; the most active Brent crude oil contract rose 1.15% to $69.60 per barrel.Key Futures Data and Events to Watch Today (February 12, 2026), Thursday: 1. IEA Monthly Oil Market Report; 2. Conab Fifth Brazil 2025/26 Grain Production Survey Results; 3. China Rebar Weekly Mill Production and Inventory Report (to February 12); 4. US Net Export Sales Report (to February 5, 2025/2026 Marketing Year); 5. US Initial Jobless Claims (to February 7).Reserve Bank of Australia Governor Bullock: We will continue to monitor the data and will take action if inflation remains high.

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.