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January 31st - Recently, Unit 2 of the support unit project for the Lingang Heavy-Duty Gas Turbine Test Power Plant successfully completed 168 hours of full-load trial operation, marking the full commissioning of the support unit project. The Lingang Heavy-Duty Gas Turbine Test Power Plant project is a major national "Two Engines" project. The support unit project follows the national strategy of relying on independent research and development while extensively engaging in international cooperation. It utilizes mature F-class and H-class commercial units on the market for technological breakthroughs and demonstrations. The support unit project is equipped with one 500 MW F-class unit (Unit 1) and one 670 MW H-class unit (Unit 2) combined cycle unit.Market news: Kyiv, the capital of Ukraine, experienced a large-scale power outage, and the metro also stopped operating.According to RIA Novosti, the Russian Ministry of Defense stated that its troops have occupied Petivka and Toretsk in eastern Ukraine.January 31st - Starting February 1st, a number of important national standards will be implemented, including those for software process capability maturity models, 5G mobile communication security, energy metering equipment configuration and management, standards for the transformation of scientific and technological achievements, student physical fitness testing equipment, desks and chairs for primary and secondary school students lunch break, design of furniture suitable for the elderly, placement of barcode symbols on commodities, consumer services, elevator safety, and earthquake rescue team capabilities. These standards will provide support for guiding and regulating the development of emerging and future industries, promoting the transformation and application of achievements and standards, protecting consumer rights, and safeguarding the lives and property of the people.On January 31st, Peter Cardillo, Chief Market Strategist at Spartan Capital Securities, stated, "I dont want to say that Warshs nomination as the new Federal Reserve Chairman was entirely unexpected. He has always been considered hawkish, but recently he seems to be converging with Trumps position, making it a bit difficult to assess how the market will accept this nomination. We just need to see if he will be influenced by the White House. My guess is that he wont; he will examine issues very carefully and maintain a certain balance on inflation and the labor market. He may not be as decisive as Powell, but he wont be too far off."

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.