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On April 26, an Iranian diplomatic official stated on the 25th local time that a second round of negotiations between Iranian and US delegations might be held in the coming days. It is understood that Iran has conveyed a message to the US side, urging President Trump to reduce threatening rhetoric, and indicating that if the US stance softens, hardliners within Iran are more likely to support participation in the negotiations.According to the Wall Street Journal, citing Iranian diplomats and sources, US and Iranian delegations may meet in the coming days.On April 26, Iranian Foreign Minister Araqchi led a delegation to Muscat, the capital of Oman, on April 25. On the same day, Iranian Foreign Ministry spokesman Baghae stated that this visit was the first by a senior Iranian official to a Gulf state since the US-Israel military strikes against Iran. Baghae posted on social media that day that Iran has always attached great importance to its relations with the Persian Gulf countries and is committed to strengthening mutual trust and constructive cooperation. He stated that Irans relations with Oman reflect its sincere desire to promote a mutually respectful and mutually beneficial relationship with its southern neighbor.Iranian Foreign Ministry: We hope to work towards the implementation phase of sustainable peace.The US president said of Powell: "What I want to understand is, why did a building that I could have built for $25 million end up costing $4 billion? Thats a very big question. He was in charge of this at the time—well definitely get to the bottom of it."

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.