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Global Chip LOF (501225): This fund will be suspended from trading from the opening of the market on the afternoon of May 25, 2026 until the close of the market on the same day. During the suspension period, the redemption business of this fund will continue as usual.Malaysian Economic Minister: Petronas, the Malaysian national oil company, stated that energy supplies can be guaranteed until the end of July.According to the Financial Times, bank lending to British businesses has fallen to its lowest level in nearly 30 years due to sluggish economic growth and tighter regulations on lending institutions, which has particularly weakened the supply of credit to small businesses.On May 25th, it was learned from the Zhengzhou Railway Bureau that at 5:13 AM today (May 25th), the high-speed comprehensive testing train No. 55432 smoothly departed from Shangqiu Station, marking the official start of the full-line integrated testing of the Xiongan-Shangqiu section of the Beijing-Hong Kong High-Speed Railway. This prepares the line for subsequent trial operation and opening. After the Xiongan-Shangqiu section of the Beijing-Hong Kong High-Speed Railway opens, it will form a cross-shaped hub with the east-west Xuzhou-Lanzhou High-Speed Railway at Shangqiu Station. Simultaneously, the line will add a high-speed passenger transport corridor connecting the Beijing-Tianjin-Hebei region to the Central Plains region, further improving the regional high-speed rail network layout.The Federation of Thai Industries reported that Thailands automobile exports fell 8.43% year-on-year in April (compared to a 0.64% decline in March).

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.