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An Alaska Airlines executive said: "We believe the Boeing (BA.N) MAX10 will be certified soon."On July 22, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Indian Foreign Minister S. Jaishankar in Manila. Wang Yi stated that China is willing to work with India to implement the important consensus reached by the leaders of the two countries, maintain close high-level exchanges, strengthen cooperation in areas such as trade, media, and people-to-people exchanges, properly handle sensitive issues, promote a correct mutual understanding among all sectors and peoples of the two countries, and explore a correct path for neighboring major powers to coexist peacefully, based on mutual respect, mutual trust, common development, and common prosperity, thus continuously injecting new impetus into China-India relations. This year and next, India and China will successively assume the rotating chair of BRICS. Both sides should strengthen coordination and cooperation to promote the development and expansion of the "Greater BRICS Cooperation" mechanism, better representing and safeguarding the common interests of developing countries. China will continue to support India in successfully hosting this years BRICS Summit.The German DAX 30 index closed up 167.79 points, or 0.67%, at 25,160.16 on Wednesday, July 22; the UK FTSE 100 index closed up 127.96 points, or 1.21%, at 10,713.87 on Wednesday, July 22; and the French CAC 40 index closed up 74.75 points, or 0.89%, at 8,437.89 on Wednesday, July 22. The Stoxx 50 index closed up 32.62 points, or 0.52%, at 6318.25 on Wednesday, July 22; the Spanish IBEX 35 index closed up 190.82 points, or 0.98%, at 19569.62 on Wednesday, July 22; and the Italian FTSE MIB index closed up 499.91 points, or 0.96%, at 52785.00 on Wednesday, July 22.U.S. Trade Representative Greer: Negotiations for the U.S.-Mexico-Canada Agreement (USMCA) may continue into next year.U.S. Treasury Secretary Bessant: The Treasury Department is reviewing some "Wall Street tax products".

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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