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February 16th - Iran and the United States are scheduled to hold their second round of indirect talks on February 17th in Geneva, Switzerland. Ahead of the talks, Iran stated that it seeks a nuclear agreement with the United States that would bring economic benefits to both sides. According to Irans Fars News Agency on February 15th, Hamid Gambari, Irans Deputy Foreign Minister in charge of economic affairs, said, "To ensure the sustainability of the agreement, it is crucial that the United States also benefits in areas where it can quickly obtain high economic returns." He indicated that the second round of indirect talks on the 17th will cover shared interests in areas such as oil and gas fields, joint mining operations, mining investment, and even aircraft procurement.The yield on Japans 40-year government bonds rose 7.0 basis points to 3.725%, while the yield on Japans 30-year government bonds rose 5.0 basis points to 3.485%.February 16th - Recently, due to a surge in global demand for GLM-5, concurrent access has exceeded the planned limits, leading to queuing, response delays, and lag, impacting the experience for some users. Although Zhipu (02513.HK) has repeatedly expanded its domestic chip cluster and released limited GLM Coding Plan packages, it has not been able to completely resolve the current supply shortage. Zhipu is now launching a "Computing Power Partner" recruitment program: 1. Chip Manufacturers: Zhipu is willing to open its core technology interfaces to jointly conduct underlying optimizations for GLM-5. 2. Computing Power Partners and Inference Service Providers: Jointly build a higher concurrency, lower latency inference network. 3. Other forms of computing power cooperation.Xiaomi Group (01810.HK): On February 16, the company repurchased 1.5 million Class B shares for HK$54.7 million.February 16th - The State Power Investment Corporation (SPIC) Party Committee issued its 2026 Spring Festival Address: 2025 marked the final year of the 14th Five-Year Plan. The Group achieved remarkable results in serving the overall national development strategy, actively expanding effective investment, with total installed capacity reaching 287 million kilowatts, an increase of 8.4%, assets approaching 2 trillion yuan, operating revenue exceeding 400 billion yuan, and total profit surpassing 50 billion yuan. Major projects progressed smoothly; the "Guohe-1" demonstration project was completed and put into operation, and the first prototype of the 300 MW F-class heavy-duty gas turbine passed preliminary reliability verification. Two major projects were selected as achievements of the Ministry of Industry and Information Technologys 2025 "Major National Projects Supporting the Construction of a Strong Nation." In 2026, the Group will deepen enterprise reform, accelerate strategic implementation, adhere to innovation-driven development, strengthen digital and intelligent empowerment, prevent and resolve risks, and strive to create a new situation for reform and development.

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.