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Russian Ministry of Defense: The cities of Oletskoy and Novonikoyevka in Donetsk have been occupied.The acting governor stated that the Ukrainian armed forces launched a missile attack on Bryansk, and relevant departments are working to mitigate the consequences.The Russian Ministry of Defense stated that it struck trains carrying military equipment for the Ukrainian army in the Odessa, Zaporizhzhia, and Sumy regions.On August 14th, Futures News reported that due to the remnants of Typhoon Dolphin, cold air, and a monsoon trough, heavy to torrential rain is expected in southern Jiangsu, Shanghai, Zhejiang, eastern and southern Anhui, most of Jiangxi, southern and western Fujian, and central and eastern Guangdong from August 14th to 16th. Locally, extremely heavy rain is expected in southern Jiangsu, northeastern Zhejiang, and central Guangdong. The Ministry of Water Resources Information Center has upgraded its flood warning to yellow, reminding the public in Jiangsu, Shanghai, Zhejiang, Anhui, Henan, Jiangxi, Fujian, and Guangdong provinces (municipalities) to take precautions. It is recommended to continuously monitor flood warnings, minimize outdoor activities during heavy rain, and avoid flooded roads, underpasses, deep mountain valleys, and other dangerous areas. When driving, actively detour around flooded bridges and low-lying areas, and never attempt to wade through water. Residents living in mountainous areas and along riverbanks should stay away from low-lying areas and prepare for evacuation in advance.According to Interfax news agency, Russian Foreign Minister Sergey Lavrov stated that Russia has requested the U.S. State Department to comment on U.S. alleged involvement in attacks by Ukraine on Russian territory.

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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