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On June 12th, according to Qichacha APP, Wuhan Vector Engine Technology Co., Ltd. was recently established with a registered capital of 10 million yuan. Its business scope includes: engineering and technological research and experimental development; agricultural scientific research and experimental development; medical research and experimental development, etc. Qichachas equity penetration analysis shows that the company is indirectly wholly owned by Douyin Co., Ltd.Traders have reduced their bets on a European Central Bank rate hike, which is now expected to be 35 basis points by the end of the year.June 12th - To support the "Clean Up the Internet: Rectifying the Chaos in AI Applications" campaign, further regulate AI services and applications, promote the healthy and orderly development of the industry, and effectively protect citizens legitimate rights and interests, the Cyberspace Administration of Chinas Reporting Center will launch a "Special Reporting Zone for Chaos in AI Applications" starting in June 2026, specifically to accept public reports. The scope of accepted reports mainly includes 14 categories of issues, such as inadequate implementation of labeling for generated and synthesized content, and the creation and dissemination of false, inaccurate, violent, and vulgar information.June 12th - The 2026 USA FIFA World Cup officially kicked off on June 11th local time. During the opening ceremony, two adorably ugly Labubu dolls, one brown and one blue, appeared on stage. Their unique and cute appearance became a delightful surprise for the event. It is reported that the World Cup co-branded "Labubu" dolls, priced at 599 yuan, have already sold tens of thousands of units, quickly selling out after being available for purchase during the live stream.June 12 – The 12th China-Latin America and Caribbean Infrastructure Cooperation Forum, hosted by the Ministry of Commerce of China and organized by the China International Contractors Association and the Macao Investment Promotion Institute, was successfully held in Macao from June 10 to 12. Li Chenggang stated that, guided by the five major projects announced by President Xi Jinping at the opening ceremony of the Fourth Ministerial Meeting of the China-CELAC Forum, China is focusing on green and low-carbon transformation and digital technology innovation, continuously promoting the upgrading of China-Latin America trade and investment cooperation. China will deepen strategic alignment and people-to-people cooperation with Latin American countries, firmly uphold the multilateral trading system, create an inclusive and open development environment, promote the digitalization, greening, and intelligentization of infrastructure cooperation, continuously enhance the sustainability of China-Latin America infrastructure cooperation, and ensure that the fruits of cooperation better benefit the people of China and Latin America.

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.