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September 5th - According to Xiaomi Technology, Xiaomi officially released Xiaomi-TabLDM today: a general-purpose large-scale model for tabular data. Xiaomi-TabLDM directly adapts to different tabular datasets with a single pre-trained model and unified default configuration, completing classification and regression predictions without the need for retraining, parameter tuning, or post-ensemble for each task.Musk: The factory system that produces Tesla (TSLA.O) Cybercab is completely different from any other car production line.On September 5th, the U.S. State Department issued a statement on the 4th, saying it had approved the sale of military equipment to Saudi Arabia and Oman, with estimated sales of $5.75 billion and $188 million respectively. The statement said the arms sale to Saudi Arabia includes 5,004 500-pound bombs, 5,000 2,000-pound bombs, and corresponding guidance systems, estimated at $5 billion; and 60 engines for Abrams main battle tanks, estimated at $750 million. The State Department also approved the sale of F-16 fighter jet support services and related equipment to Oman. According to U.S. media reports, these foreign military sales still require approval from the U.S. Congress.Sources say the White House has begun reviewing candidates to succeed the U.S. Deputy Secretary of Defense.On September 5th, it was announced that Hong Kong Chief Executive John Lee will release the "First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)" on September 16th, followed by a new Policy Address. He emphasized that the "First Five-Year Plan for Hong Kong" will formulate macro-strategies, clarify development directions, and align with the national "15th Five-Year Plan"; the Policy Address will focus on specific measures. The two are interconnected and mutually reinforcing. Lee pointed out that in the past few years, under the formulation and implementation of the measures outlined in the Policy Address, continuous efforts have been made in various aspects such as finance, innovation and technology, and education. These efforts have ensured the effective operation of the Central Gold Clearing System, built a commodity trading ecosystem, continuously attracted leading global companies to the Lok Ma Chau Loop Hong Kong Industrial Park, and constructed the North City University Town, bringing new momentum and opportunities to Hong Kong.

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.