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According to Interfax news agency, Russian troops have also taken control of the village of Lyubitsk in the Zaporizhzhia region of Ukraine.According to Interfax news agency, Russian troops have taken control of the village of Olgievka in the Kharkiv region of Ukraine.August 1st - According to US sources on July 31st, during his recent visit to the US, Ukrainian President Volodymyr Zelenskyy requested that US President Donald Trump and other US officials persuade SpaceX founder Elon Musk to allow the Ukrainian military to use SpaceXs Starlink satellite internet system to strike ballistic missile launchers within Russia. Currently, Russia has begun deploying a low-orbit satellite system similar to Starlink. On July 31st, multiple sources indicated that Zelenskyy held a closed-door meeting with Trump at the White House on July 28th, making the aforementioned request in person. According to Zelenskyy, Ukraine needs to conduct "more precise strikes" against Russian ballistic missile launchers before winter to prevent Russia from launching a winter offensive and intensifying its attacks on Ukrainian energy facilities.On August 1, Geely Automobile Group announced that its July sales reached 250,161 vehicles, setting a new record for the same period; overseas export sales reached 107,000 vehicles, setting a new monthly record; new energy vehicle sales reached 160,165 vehicles, a year-on-year increase of 23%; and new energy vehicle export sales reached 62,604 vehicles, a year-on-year increase of 616%.On August 1st, Jiang Lue, spokesperson for the China Coast Guard, stated that the China Coast Guard conducted a rights protection and law enforcement control drill in the waters near Huangyan Island. The drill focused on enforcement actions such as boarding and seizure, interception and intrusion, and forced towing. Huangyan Island is an inherent part of Chinas territory. The China Coast Guard will intensify its rights protection and law enforcement control efforts in the waters near Huangyan Island, resolutely safeguarding national territorial sovereignty and maritime rights.

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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