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On September 7, Russian media reported that Russia demanded the closure of the German Consulate General in St. Petersburg, requiring it to cease operations by September 18. Russia also demanded that all Goethe-Instituts within its borders cease operations, and that their staff leave the country by September 13.U.S. Special Envoy for the Middle East, Mr. Witkov: Following President Trumps instructions, U.S. negotiators visited Moscow and Kyiv to advance further dialogue and end the Russia-Ukraine war. In Kyiv, the delegation also met with the national security advisors of the United Kingdom, Germany, and France to discuss pathways for future cooperation. Substantial progress was made by all parties on issues including arranging follow-up trilateral talks.French officials have confirmed that they will provide Ukraine with the SAMP/T air defense system.September 7th - Tonight, the launch of two Xiaomi flagship phones, the Xuanjie O3, signifies that it has officially entered the mass production and commercialization stage. Lei Jun revealed that the Xuanjie O100 and Xuanjie D100 will also be officially commercialized next year, making Xiaomi one of the very few technology companies globally to simultaneously develop mobile SoCs, AI acceleration chips, and intelligent driving chips. Lei Jun stated that in the chip field, Xiaomi is still a latecomer, and todays achievements only mean the beginning. "No matter how many difficulties lie ahead, we firmly believe that as long as we start catching up, we are on the road to victory."September 7th - Tonight, Xiaomi launched its new "mid-folding" flagship, the Xiaomi 18 Fold, a project that took over 20 months to develop. This is Xiaomis most high-end flagship phone to date, and the first time Xiaomi has incorporated a mid-folding design into its flagship series. The Xiaomi 18 Fold is equipped with Xiaomis self-developed O3 AI flagship processor, Xiaomi Surge OS 4, and Xiaomi MiMo on-device model, marking the first time that Xiaomis three self-developed technologies—chip, AI, and OS—have been combined on a single device.

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.

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