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Iranian Parliament Speaker Qalibaf: (Iranian) oil is sold at Brent price and international market price.According to Axios: Iranian Parliament Speaker Ghalibaf stated that there are also divisions within the United States, with Rubio taking one approach and Vance taking another.Former Israeli Prime Minister Bennett: Syrian leader Shah is currently behaving moderately and peacefully due to his weak military. However, he may later rearm, regain strength, and take action again. His ideology and related actions are "very bad."Iranian Parliament Speaker Qalibaf: (If) a third war is imposed on Iran, it will be considered a full-scale invasion of the country.July 1st - U.S. stocks rose across the board on Tuesday, with the S&P 500 and Nasdaq on track for their biggest quarterly gains since 2020, and the Dow Jones Industrial Average poised for its best quarterly performance since 2022. Despite the ongoing conflict in the Middle East, investors remain optimistic about the economic and corporate earnings outlook. Recent signs of progress in the Iranian ceasefire negotiations boosted market sentiment, although renewed fighting over the weekend weighed on the agreements prospects. "The first half of the year far exceeded most peoples expectations," said Oliver Persh, senior vice president at Wealthspire Advisors in Westport. "Despite ongoing geopolitical turmoil, the U.S. economic fundamentals are strong, and corporate earnings are quite robust." Following a strong Q1 earnings season, investors are now focused on Q2 results to be released in the coming weeks.

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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