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On August 13, local time, the Ukrainian State Railways issued a statement saying that a passenger train in Odessa Oblast was attacked by a drone, killing the train driver and his assistant. The statement said the train was carrying 340 passengers at the time of the attack, and all passengers and remaining crew members have been safely evacuated; there were no other injuries.The President of Finland: I spoke with British Prime Minister Burnham, and we discussed the situation in Ukraine and our support for Ukraines defense. Finlands relationship with the UK, and our defense cooperation, is very strong. The UK is an important player in the region.August 13th - According to data from the China Passenger Car Association (CPCA), from August 1st to 9th, the national passenger car market retail sales reached 317,000 units, a 22% decrease compared to the same period last August and a 3% decrease compared to the same period last month. The cumulative retail sales this year totaled 10.49 million units, a 20% decrease year-on-year. From August 1st to 9th, national passenger car manufacturers wholesaled 276,000 units, a 24% decrease compared to the same period last August and a 2% increase compared to the same period last month. The cumulative wholesale sales this year totaled 15.086 million units, a 5% decrease year-on-year.Japanese Prime Minister Sanae Takaichi: Putins visit to the island makes the restoration of Japan-Russia bilateral relations more difficult.Japanese Prime Minister Sanae Takaichi: Strongly protests Putins visit to the Northern Territories.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


微信截图_20220507103127.png


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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