• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
UN Special Envoy: We condemn the Houthi attacks on Saudi civilian and infrastructure, economic and energy facilities.A memo from the lead underwriters indicates that Amazons (AMZN.O) first-ever sterling bond issuance is now open for subscription.On September 9th, according to the Iranian News Agency (IRNA), the US Treasury Department issued a notice on the 8th, adding 27 Iranian airlines and several other companies to its "Specially Designated Nationals List" for sanctions. In response, the Iranian Airlines Association issued a statement protesting the continued sanctions against Irans civil aviation industry. The statement emphasized that civil aviation, by its very nature, is not primarily a political or economic issue, but rather a vital component of peoples infrastructure and one of the most important tools connecting people from different countries. The Iranian Airlines Association pointed out that millions of Iranian and foreign travelers rely on the countrys air transport network for travel, medical care, education, business, family reunions, and international communication. Attacks on airlines and the aviation supply chain are not merely pressure on individual economic entities, but could directly impact peoples lives, the accessibility of air transport, service continuity, and flight safety requirements.Ukrainian President Zelensky: The international community needs to respond and not allow Russia to think it can carry out missile and drone terrorist attacks with no consequences as winter approaches.Ukrainian President Zelensky: This morning, an apartment building in Kyiv was attacked by a Russian drone, injuring four people.

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.