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The European Commission has confirmed that the European Prosecutors Office has launched an investigation into the sale of office buildings in 2024. The Commission stated that it is confident the sale complied with regulations.On February 12th, the Beijing Municipal Medical Insurance Bureau, the Beijing Municipal Financial Regulatory Bureau, and other departments jointly released "Several Measures of Beijing Municipality to Support the High-Quality Development of Commercial Health Insurance." Among the measures are: exploring ways to broaden the scope of use for individual medical insurance accounts; studying the possibility of insured employees using their individual medical insurance accounts to purchase eligible commercial health insurance products for themselves and their family members; and encouraging employers to utilize preferential policies such as supplementary medical insurance (where supplementary medical insurance premiums can be deducted from the employers costs up to 4% of the previous years total employee wages).CME Group raised its quarterly dividend to $1.30 from $1.25.February 12th - Following Wednesdays better-than-expected US non-farm payroll report, the US dollar only briefly rose before giving back its gains. Danske Bank analyst Mohammed Al-Sarraf pointed out that the dollars failure to sustain its rally reflects the continued strong tendency to "sell on rallies" in the market. "We dont think this report is enough to be a turning point for the dollars macroeconomic outlook," Al-Sarraf said. The significant downward revision to the annual baseline non-farm payroll data still points to a structural slowdown in job growth—an average of only 15,000 new jobs per month in 2025, a significant decline from 122,000 in 2024. Furthermore, President Trumps call for further interest rate cuts, citing strong data, exacerbated market concerns about the Federal Reserves independence.February 12 (Futures News) – As of 20:30 Beijing time, WTI crude oil futures fell 0.14%, while US natural gas futures rose 2.82%.

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.