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June 27 - According to the website of the China Maritime Safety Administration, the Yancheng Maritime Safety Administration issued a navigation warning that live-fire exercises will be conducted in parts of the southern Yellow Sea from 00:00 on June 28 to 24:00 on July 8, and entry is prohibited.Market news: The lockdown on Norways oil services industry has officially taken effect, impacting offshore drilling.On June 27th, the National Pipeline Group held a hydrogen energy storage and transportation technology exchange meeting in Beijing on June 26th. The meeting officially released technical solutions and complete sets of standards for hydrogen pipeline transportation projects, establishing a complete technical specification and standard system for the connection, storage, transportation, and delivery of hydrogen pipelines. This fills the gap in my countrys long-distance, large-scale hydrogen pipeline transportation technology and standards, marking a key leap from single-point technical breakthroughs to systematic application of hydrogen long-distance pipelines in my country.On June 27th, following two strong earthquakes in Venezuela, Oil and Gas Minister Paula Enau stated on June 26th that oil production was unaffected. In a media interview, Enau said that Venezuelas current daily crude oil production is 1.2 million barrels, and the government has assessed domestic inventory levels, ensuring a secure supply of natural gas and fuels. "We are operating normally; all oil wells are operational and producing." Reportedly, Venezuelan oil company management and oilfield workers indicated that oil and gas facilities were not severely affected. Earlier reports suggested that preliminary assessments indicated limited damage to Venezuelas large oil and gas facilities due to their distance from earthquake-affected cities; however, power shortages could impact oil production capacity.According to the European-Mediterranean Seismological Centre, a 5.4-magnitude earthquake struck the Pakistan region.

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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