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On February 14th, OpenAI announced that it has discontinued support for five older ChatGPT models, including GPT-4oGPT-4.1, GPT-4.1 mini, OpenAI o4-mini, and GPT-5 (Instant and Thinking versions), effective February 13th. Access to the GPT-5 model will be retained in the ChatGPT Enterprise workspace until February 19th, 2026. Furthermore, GPT-5 Pro will remain available to all paid users until February 19th, 2026. These models will continue to be available through the OpenAI API in the future.February 14 - China will fully implement zero-tariff measures on 53 African countries with which it has diplomatic relations starting May 1, 2026. At the same time, it will continue to promote the signing of an agreement on economic partnership for common development and further expand access for African products to China by upgrading the "green channel".February 14th - According to CNBC, U.S. Energy Secretary Wright stated that Venezuelan oil revenues will no longer be deposited into an account in Qatar. Wright said, "The account previously established in Qatar was always controlled by the U.S. government. Funds were first deposited into that account and then transferred back to Venezuela. Now, we have an account with the U.S. Treasury Department. This money will no longer flow to Qatar." Wright also stated that Venezuelan oil sales revenue has now exceeded $1 billion. He said the U.S. has reached a short-term agreement with the country to sell another $5 billion worth of Venezuelan crude oil over the next few months. He added that so far, this oil has been shipped to U.S. refineries and Europe.February 14th - Beijing recently released the first batch of urban renewal project list for 2026, which includes 1,321 projects, of which 745 are newly implemented projects and 576 are projects carried over from 2025. The planned investment for the first batch of projects in 2026 is 104.95 billion yuan.February 14th - It was learned from the Shanghai Municipal Commission of Economy and Information Technology and the conference organizers that the 2026 Global Developers Summit (GDPS 2026) will be held from March 27th to 29th at the Shanghai Xuhui West Bund International Convention and Exhibition Center. The core theme of this years conference is "Industry poses the questions, technology provides the answers," with a core vision aimed at breaking down bottlenecks in industry-academia collaboration and improving the efficiency of applying research results to meet industry needs.

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.