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Estonian Prime Minister: An investigation is underway into a fire at a defense manufacturer linked to Russia.Artificial intelligence platform Behavox opens regional headquarters in Milan.On August 18, Anita Hippel, the EUs chief spokesperson for foreign and security policy, stated at a press conference in Brussels that a proposal had been submitted to member states recommending that Israeli National Security Minister Ben-Gevil be added to the sanctions list. When answering media questions about Ben-Gevils controversial remarks, Hippel stated that the EU does not comment on statements or remarks, but reiterated its position, calling on Israel to abide by international law, including international humanitarian law, and to ensure the protection of civilians. According to foreign media reports, Ben-Gevil, Israels National Security Minister and leader of the far-right Judaism party, recently stated on a podcast, "I think targeted killings should be carried out in Gaza, eliminating 30 to 40 people every night, not only those who pose a direct threat, but some people there dont even deserve to live."On August 18, Volkswagen (Anhui) Co., Ltd. officially rolled off the production line in Hefei. This marks a new stage of large-scale production and full-matrix layout for the company, Volkswagen Groups first joint venture in China focusing on new energy vehicles, and adds solid support to the development of Hefeis new energy vehicle industry cluster.According to foreign media reports, an entity under QTS Realty Trust, backed by Blackstone, has launched a high-grade bond issuance to help fund the construction of data centers related to Microsoft. As investors have become more selective in their purchases following a surge in debt issuance, the company is attracting investor demand by offering higher yields.

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.