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February 1st - NIO launched a limited-time financing plan for its vehicles in February. Customers who order and successfully lock in their NIO ET5, ET5T, ES6, or EC6 during the month can enjoy a limited-time 7-year, 84-month financing plan with down payments as low as 20% and annual interest rates as low as 0.49%. According to incomplete statistics, nine automakers, including Tesla, XPeng, Li Auto, Xiaomi, and Geely, have already launched low-interest financing plans, some with down payments as low as 0%.February 1 – Hong Kong Financial Secretary Paul Chan Mo-po stated today (February 1) that the global political and economic situation is changing rapidly, and the coming year will be filled with risks and volatility. The Hong Kong SAR Government will continue its efforts to align with the nations 15th Five-Year Plan, accelerate its integration into and service to the overall national development strategy, empower technological innovation and the development of traditional industries through finance, promote the deep integration of technological innovation and industrial development, and strengthen workforce training, especially in skills and technology applications, to improve the quality and quantity of economic development.According to the Wall Street Journal, a consortium led by KKR plans to acquire Singapore-based data center company ST Telecom Media Global Data Center, with a valuation exceeding $10 billion.February 1st - On Saturday, local time, US President Trump told reporters aboard Air Force One that he believes his nominee for Federal Reserve Chairman, Kevin Warsh, is likely to win the support of some Democratic senators, calling Warsh a "high-caliber candidate" who should pass the Senate confirmation process smoothly. Trump stated that he expects Warsh to lower interest rates if confirmed, based on Warshs statements in interviews and other occasions. When asked if Warsh had made any such commitments, Trump responded, "I dont want to do that. I cant do that."February 1st - The Financial Times reported on Saturday, citing sources, that Ford Motor Company (FN) had held talks with Xiaomi regarding a potential joint venture to manufacture electric vehicles in the United States. Xiaomi responded that the reports of a joint venture with Ford were false. Xiaomi currently does not sell its products or services in the United States and has not engaged in any such negotiations.

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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