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August 19th - According to the latest report from AFP, British Prime Minister Andrew Burnham confirmed on the 18th that he had exchanged messages with someone impersonating Susie Wiles, the White House Chief of Staff. The report stated that Burnham discussed the matter during a visit to Wolverhampton, a city in central England, saying that "nothing sensitive was discussed in the exchange." When asked if he was embarrassed by being deceived, Burnham replied, "No, Im not embarrassed because it was a very brief exchange, nothing substantial. And I quickly realized I needed to report it, and I did." US media reported that on the 17th, a reporter asked US President Trump if he was concerned about the matter. Trump responded that he believed it was just a "communication misunderstanding" and said he had had several "very good conversations" with Burnham.On August 19th, according to the Wall Street Journal, OpenAI told investors that its second-quarter revenue grew 18% from the first quarter, but losses widened further, disappointing some shareholders who had hoped the startup would make more progress and catch up with its competitor Anthropic. According to sources familiar with the matter, the companys revenue reached $6.7 billion in the three months ending June, compared to $5.7 billion in the first quarter. Meanwhile, its operating profit margin declined further, making its prospects for profitability ahead of its highly anticipated IPO even more uncertain.According to the Wall Street Journal, OpenAI said its revenue grew to $6.7 billion in the three months ending in June.Market sources indicate that Anthropic is expected to begin its IPO process within weeks.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 5.6 occurred near Haixi Prefecture, Qinghai Province at 05:36 on August 19. The final result is subject to the official rapid report.

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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