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February 24th - A reporter asked: German Chancellor Merz will pay an official visit to China from February 25th to 26th. What activities are planned in the economic and trade field during this visit, and what results are expected? How would you assess the current state of Sino-German economic and trade relations and the prospects for future cooperation? Answer: Chancellor Merz will lead a high-level economic and trade delegation to China, accompanied by executives from approximately 30 leading companies in Germanys advantageous sectors, including automobiles, chemicals, biopharmaceuticals, machinery manufacturing, and the circular economy. This fully demonstrates Germanys strong desire to deepen bilateral economic and trade relations. China attaches great importance to economic and trade cooperation with Germany and is actively preparing for events such as the Sino-German Economic Advisory Committee symposium to provide a platform for communication and dialogue for companies from both sides to offer suggestions and jointly explore cooperation.February 24th Futures News: On February 24th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 140,621 tons, an increase of 1,009 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 15,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 0 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 3,840 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged compared to the previous trading day; 6. 7. Petroleum asphalt futures warehouse receipts totaled 23,510 tons, an increase of 8,150 tons compared to the previous trading day; 8. Petroleum asphalt futures factory warehouse receipts totaled 54,110 tons, an increase of 400 tons compared to the previous trading day; 9. Medium-sulfur crude oil futures warehouse receipts totaled 2,557,000 barrels, a decrease of 907,000 barrels compared to the previous trading day; 10. Low-sulfur fuel oil futures warehouse receipts totaled 2,780 tons, a decrease of 1,500 tons compared to the previous trading day; 11. Low-sulfur fuel oil futures factory warehouse receipts totaled 0 tons, unchanged from the previous trading day.Documents show that Air Indias technical incident rate in January, including engine oil and fuel leaks, reached its highest level in at least 14 months.Japanese Prime Minister Sanae Takaichi conveyed her concerns about further interest rate hikes during a meeting with Bank of Japan Governor Kazuo Ueda last week.A military helicopter crashed in central Iran, killing at least two people, Iranian state television reported.

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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