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On August 20th, the Ministry of Transport held a special press conference to introduce the "Artificial Intelligence + Transportation" typical application scenario innovation action and answer reporters questions. Xu Wenqiang, Director of the Science and Technology Department of the Ministry of Transport, stated that transportation is the main artery of the national economy and also a super-real-world testing ground and main battleground for the large-scale application of artificial intelligence. In recent years, the Ministry of Transport has accelerated the deep integration of artificial intelligence and transportation.Romanias Ministry of Defense: A drone crashed into Romanian territory during Russias attack on neighboring Ukraine.At the close of the morning session, domestic futures contracts showed mixed results. Shanghai silver rose nearly 5%, platinum rose over 4%, Shanghai gold and palladium rose over 2%, rapeseed oil rose nearly 2%, and Shanghai tin, palm oil, and TSR20 rubber rose over 1%. On the downside, low-sulfur fuel oil (LU) and iron ore fell over 2%, while paraxylene, synthetic rubber, PTA, and plastics all fell by nearly 2% on average.On August 20th, a report released by JLL showed that commercial real estate investment in the Asia-Pacific region reached US$45.5 billion in the second quarter of 2026, a year-on-year increase of 38%; total investment in the first half of the year reached US$92.5 billion, a year-on-year increase of 35%. Despite challenges such as energy inflation, currency volatility, and supply chain disruptions, the Asia-Pacific region still achieved its strongest first-half transaction volume ever. In the second quarter, commercial real estate investment in mainland China reached US$4.8 billion, a year-on-year decrease of 6%, and total investment in the first half of the year reached US$8.5 billion, a year-on-year decrease of 8%, with active investment and transactions in the office building sector. The Hong Kong market continued its recovery, with total investment of US$3.1 billion in the second quarter, a significant year-on-year increase of 129%, and total investment of US$4.7 billion in the first half of the year, a year-on-year increase of 90%. JLL pointed out that despite the challenges of the macroeconomic environment, the Chinese commercial real estate investment market still showed resilience in the first half of 2026. Domestic institutions continued to dominate the market, and the liquidity of high-quality assets in core cities gradually improved.The China Earthquake Networks Center officially reported that a magnitude 3.7 earthquake occurred at 11:00 on August 20 in Fan County, Puyang City, Henan Province (35.87 degrees north latitude, 115.68 degrees east longitude), with a focal depth of 24 kilometers.

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.