EUR/USD 1.15414
-0.006%
Gold 4368.02
-0.505%
Oil 82.185
0.915%
USD/JPY 159.298
-0.001%
GBP/USD 1.35072
0.005%
GBP/JPY 215.171
0.007%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US President Trump: Medicaid will no longer provide funding for gender reassignment surgery and hormone therapy for minors.A U.S. judge blocked the postal service from restricting mail-in voting under a Trump order.On August 12th, CoreWeave (CRWV.O) rose 12% in after-hours trading on Tuesday after reporting second-quarter revenue of $2.58 billion, a 112% year-over-year increase, exceeding Wall Street expectations and indicating continued rapid growth in demand for AI computing power. Net loss was $626 million, higher than the $290 million loss in the same period last year. The company currently has a $104 billion order backlog and 1.5 gigawatts of capacity under construction. CoreWeave is accelerating its expansion in the data center business, competing with cloud computing giants such as Amazon, Google, and Microsoft for the market of data centers equipped with chips capable of running generative AI models. However, CoreWeave is not yet profitable. As of the end of the quarter, the companys balance sheet showed $35 billion in debt, used to pay for Nvidia GPUs and other equipment purchases. Meta announced an additional $21 billion investment in CoreWeave this quarter. In addition, CoreWeave announced a multi-year partnership agreement with Anthropic and secured $6 billion in committed funding from quantitative trading firm Jane Street.According to a related statement, the U.S. Commodity Futures Trading Commission (CFTC) has requested that the forecasting platform Kalshi continue operating.Market news: Putin has arrived in Yuzhno-Sakhalinsk, Russia, to participate in the final phase of the Pacific Fleets military exercises.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


微信截图_20220507103127.png


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.

Suggestion