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Tesla (TSLA.O) CEO Elon Musk: Driverless taxis are not expected to face any demand challenges.U.S. Central Command: At 5:30 p.m. Eastern Time today, the U.S. military launched a new round of strikes against Iranian military targets. This operation will continue to weaken Irans ability to threaten civilian seafarers and merchant ships navigating in the regions waters.Teslas (TSLA.O) AI Vice President: We expect the time required to roll out Robotaxis in more cities to continue to shorten in the future.Tesla (TSLA.O) CFO: The company will raise up to $30 billion in debt financing as needed to bolster various investment projects.On July 23, the Houthi rebels in Yemen issued a statement claiming that they had launched a military strike against two Saudi oil tankers in response to what they called a Saudi blockade of Yemen and to implement their "respond to a blockade with a blockade" principle. The statement said the attacked vessels were the "ENCELIA" and "LAYLA," and that the Houthis used ballistic missiles, cruise missiles, and drones to strike the two tankers for violating a previous Houthi ban on shipping in the Red Sea. The statement also claimed that the attack caused both tankers to catch fire. Furthermore, the statement said that the Houthis forced approximately 10 vessels to turn back that day. The statement indicated that the Houthis would continue their maritime military operations against Saudi Arabia and continue implementing their so-called "respond to a blockade with a blockade" measures. The statement also warned that if Saudi Arabia launches a new military operation against Yemen, the Houthis will launch a larger-scale attack on targets within Saudi Arabia.

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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