Amazon buys One Medical👨‍⚕️ Stocks advance 📈 Earnings: American Express and Twitter 🐦 EURUSD volatility & PMIs 💼

FlowBank's hand-curated fresh financial news [header_noDither] 22.07.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [AMZN 21.07] Amazon announced it will acquire One Medical, the Netflix of primary care, for USD3.49 billion. One Medical offers USD199 monthly subscriptions for primary care, with 24/7 access to telehealth services over video and guaranteed same or next-day appointments in modern doctors' offices. This recent deal leaves investors speculating about Amazon making a big push into healthcare. [Start Trading](113/cXx8Z04/VWFm5H602gzjW5tpngG920MYjW3Jh9SL4MPbFBN4Pt_Nc3q3n_V1-WJV7CgWbNW6-cX176d3L27W40DS147sS1BPW3Qy95p5wJBNZW5m6B6D6QLDqqW5fVYgl4fpzgRW2Q41w54k7ryJW2cXf-J7G0nQSW1kz5c91kBYHPW50--jF2jFLq3W9brjts89tc4CW1Stqty2mS0JqW1gw34M9h5qM7VYK2vR8MtSCbW1p3t5T6B9pW7W5T-b4g59hf1yW6xpz1B3cQnfRVkqKnw3-6v83W7ByyQm1FcTFKV54tMf1k8bsbW4m52Nx8HS2-SMY6LtWjv-L0W2jZTcd1txN-fW5nJNs66LdPbSW1tQJJK3Jp5_zW6gPjbp5Dm-QvW78r4cn2Zsq9y2ks1) Trader's Corner In focus • American Express earnings could offer insights into consumer health. Twitter earnings may reveal clues about advertisers' spending appetite. • Manufacturing and services PMI in the US, Germany, France, and the eurozone could tell investors about the economic momentum. • Euro-dollar traders will be looking for new catalysts. In the short term, the Fed meeting next week may bring renewed volatility to the pair. Economic data • US PMIs • Eurozone PMIs • German PMIs • UK retail sales, and PMIs Earnings • Verizon, American Express • NextEra Energy, Twitter • HCA, Schlumberger, NVR • Roper Tech, Regions Fin. Crypto • Crypto markets largely fell on Thursday, digesting significant gains this week and the 0.5% interest rate hike of the European Central Bank. In the last 5 days, Ethereum surged 18% and Bitcoin climbed 10%. • South Korea is postponing its 20% tax on crypto gains to 2025, citing stagnant market conditions and the time required for the preparation of investor protection measures. [Table 22.07] [Start Trading](113/cXx8Z04/VWFm5H602gzjW5tpngG920MYjW3Jh9SL4MPbFBN4Pt_Nc3q3n_V1-WJV7Cg-6GW86TPcB6f-Q_BW64VyR127Hp5SW44Ph5R5fYKjjW5l90bD1FQQN1W6hfS9X1YH4CrN5D8-PTbmw3MW3JdP6z4mH2dRW3z6F4331fCDvW2-HQDX8zp4VQW3S8wdh1xx1g_W84BTwZ1_wVXrW5Ktv8g2qCfkxW6XbNnC7JYR75W7tVl5v5YMyhPW3t5txT2XJJSQN57n_D-1vQDCN8srXm0cG4wwW2j66DN3tzmYlW8x39lB3DSMRZW2ZV8l-4r9Gw9W2LHK9G7SwM4tW3m_Tmf8nfdG9W7N6TW03q3ChWW7dc_8D2NZpL4W3nNjrv6rMYRNW7Xv7Q11djXsz3mLq1) Market Recap Stocks continued to advance with the S&P500 gaining 1% and Nasdaq rising 1.4%. The combination of easing recession fears and weak US jobs numbers led the market higher. Led by Tesla (+10%), tech rose the most, fuelled by sinking Treasury yields. The 10-year fell 15bp to 2.88%. The euro (+0.25%) capped its gains against the dollar, due to Italy's political chaos, despite the ECB raising interest rates by 0.5% bringing its benchmark rate to 0%. Oil fell 3.5% after Nord Stream flows resumed. This morning, futures are pointing lower for stocks as Snap's (-26%) earnings disappointed investors, hurting sentiment, particularly for tech. The dollar is gaining and oil is rising slightly, ahead of PMIs data. Chart Of The Day The S&P500 advanced 1% on Thursday, approaching key technical resistance at 4'000. The index is having its biggest three-day gains since May 27, thanks to surging tech and consumer discretionary stocks. It is helped by Tesla which surged 10%, following its earnings report. [S&P 21.07](113/cXx8Z04/VWFm5H602gzjW5tpngG920MYjW3Jh9SL4MPbFBN4Pt_MD3q3npV1-WJV7CgH24W6LFVK26YyJnqW2Km7JW5pBnWrW3tD66z5kQZl9W2D4jXM2pPRJ9W3HSnMX3y8Zl3W9bPDFs7RvCG3W8Mcchc7HDqh3W5NFrK86Pnf62W3w9L9S394C_sW4Kl2sh6wkZXcW9jkWn82KLvyYW1R78HY5XC6yPW54NH575GpGRdW8SWflj3fJ6qmW8fTjVt5FsTttVr3CDy7RpMt9N420F7TNfk3QW7Y3RW86fXXYMW29qZV027bpxqW7LgkSd3b6hPsW8MQGmF5QP5LrW7DBPb06_M-C63dBN1) FlowBank Blog Could travel stocks make a comeback? [Travel apps](113/cXx8Z04/VWFm5H602gzjW5tpngG920MYjW3Jh9SL4MPbFBN4Pt_Nc3q3n_V1-WJV7CgNKSVnjfqh3_VTbMW25lWDf7t_tSKW8nbCvf6FF0c4W7SmBRS7QFsmgW4GlbQm7TfJJVVp5hmf7myHGJW6kBvqb2jzmLjW39Z1Rf1DzHVzW4GKxbW3fxk86W1Cf6Zn4WQ9_BW750n0q835FwwW4Rm12l7XjsdXW87-zZD39px8FW4k1_V6429xbcVHM5Vh56tR6ZW6TqvlC4cw6VVW3g63355-ZwRsW82QdLG5rMqJGW6Nm5V36HvsdmV9jNbl7Jzr6hW4Qn5NQ2KmLvWN3kLFDXxcw3gV99vJf3DM46jW5wbsFG2PC7fNW4qXMDZ35s6xZW1t00S080NxWZ3jxw1) Travel businesses are not short of challenges: airports passenger caps, staff shortages, surging oil prices, health restrictions, and slower growth… but holiday-booking marketplaces are proving resilient as consumers are focused on “revenge spending”. Could travel stocks be poised for a comeback? 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