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February 3rd - Qianli Technology announced that in January 2026, its production of new energy vehicles was 36 units, a year-on-year decrease of 96.63%, and its sales were 30 units, a year-on-year decrease of 98.28%; the production of other models was 9,344 units, a year-on-year increase of 1075.35%, and its sales were 7,089 units, a year-on-year increase of 638.44%; the total production of complete vehicles was 9,380 units, a year-on-year increase of 403.49%, and its sales were 7,119 units, a year-on-year increase of 162.79%.Shares of US space companies rose in pre-market trading after SpaceX confirmed its merger with xAI. Virgin Galactic rose 1.7%, Planet Labs rose 3.1%, Intuitive Machines rose 2.4%, and Traveler Technologies rose 2.7%.February 3 - The Hong Kong Land Registry announced that a total of 7,631 property sales contracts were signed last month, a decrease of 15.2% month-on-month and an increase of 54.5% year-on-year; the total contract value was HK$57.2 billion, a decrease of 12% month-on-month and an increase of 55.8% year-on-year. Of these, 5,669 were residential property sales contracts, a decrease of 3.6% month-on-month and an increase of 56.3% year-on-year; the total contract value was HK$49.2 billion, a decrease of 3.9% month-on-month and an increase of 84.1% year-on-year.Paris prosecutors have summoned Elon Musk and Linda Yaccarino (former CEO of X) to testify in connection with the investigation into the X scandal.NATO Secretary General Rutte: Reaching an agreement to end the (Russia-Ukraine) war requires difficult choices.

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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