"Call of Duty" disappoints 🎮 Stocks mixed ☔ To watch: US labor data & BoE ⚠️ Earnings: AMD, Airbnb, Moderna📊

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The Big Story [shutterstock_2021165696-2] Activision Blizzard, the biggest US video game publisher, reported revenue that beat analysts’ estimates, but adjusted sales still declined 15% from a year ago due to a slow year for the gaming industry and profits came below expectations. The poor performance of last fall’s "Call of Duty: Vanguard" has had a ripple effect on the company’s fiscal year. The game received negative reviews and faced stiff competition from new entries like Halo and Battlefield series. [Start Trading](113/cXx8Z04/VWMLVq3zkxC3N3PDbsmLWMtdW7lBRbf4NcNcTN15bQXw3q3n_V1-WJV7CgX7bW2fyz-42MtbmcW19sm4F5xJzXXW924-747KH4ffW8GfSfZ1GR37CW2B1rnL82DkrKN7Dbd-L7n31wW6cxdYh4cdYjdN5Pwv_KbHsG1W1Jk5563k79n2W6nFT6Z3ZBK5GW2H_4lV4FfPnJW8znnsj3vV_0KVBw1MP700ChNVc77cL4NMt1BW2nlbS35zySqDW7CQXf54HQHJNW8dqXFs92j5j3W8Tb9Mk7nRS1XM3ZyP_LZVq4W4dN0gG3kNQbkW6cwBFK3HCWtYW418YF72RYxhhW5hP_Tp1-sx4TW8KyJf54-Brg4W25_2pk5SH_N4W4sNWtN3hdZRN3bT71) Trader's Corner In focus • Investors will pay close attention to this week's US jobs data. Although recent economic data suggest a slowdown in growth, the labour market has been resilient. Is this week's data going to tell a different story? • The Bank of England will take centre stage on Thursday. Markets expect policymakers to vote for a 50 basis-point increase to 1.75% and likely 25bps increments hereafter. • Gold and silver have been performing well, with their prices slowly grinding upward. Though Technical resistance levels are approaching. Economic data this week • US JOLTs job openings, PMIs, Nonfarm payrolls, unemployment rate, factory orders, trade balance, hourly earnings • EU PPI, retail sales • German current account, PMIs, factory orders • OPEC meeting, oil inventories • UK BoE interest rate decision • Switzerland CPI, SECO consumer climate Earnings this week • AMD, Microchip • Airbnb, Booking.com, Marriott, Match • Ferrari, BMW, Honda, UBER, Lucid • PayPal, eBay • Electronic Arts, Nintendo • Moderna • Caterpillar, Eaton • Starbucks, Yum Brands • BP, Marathon Petroleum Crypto • Bitcoin (USD22'920) declined after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels. • Short bets against MicroStrategy are surging after the recent rebound. A record 51% of MicroStrategy’s available shares are currently sold short, carrying a notional value of USD1'35 billion. [Screenshot 2022-08-02 at 07.08.35] [Start Trading](113/cXx8Z04/VWMLVq3zkxC3N3PDbsmLWMtdW7lBRbf4NcNcTN15bQXw3q3n_V1-WJV7CgDMTN68fld0SXbzWW64S8031X57BYN4ztDCjy6JQfW4Q8kWg6mVdFTVzYmTV4KvsDmW4NSJzs2ldv9cW99lTyl9h-cxRW6vxqSf8HFRq7W3cJ1_41S0tLrW3Htqs83Q9vLYW7svgdY7rY1_-N84nbh1zh5GVN44PSVcG1kvWW6NcYBB4rStLMW1DnJNp6Ds3x_W98pQt91fBqWxW1H7_7W4mW4tdW8hhvjQ3cljGbW4rtxd25bMp7vW4Xb7bz3W3YCFN2KlCc02sb70W5_YFTH4yYV-wW9h2jRl6PDBj3W8RYThM3PPbZzW3RgM6f6Qk19vVK9xzL1YdMG834bH1) Market Recap Stocks snapped a three-day rally as data pointed to slower growth in the manufacturing sector. Hawkish comments from Federal Reserve officials didn't help either. The energy and basic materials sectors underperformed the most. The US dollar extended losses against major peers as Treasury yields continued to fall on rising recession risks. Oil followed lower. Meanwhile, demand for real assets like gold and silver remained robust. This morning, stocks are pulling back slightly. The sentiment is taking a hit over Nancy Pelosi's expected trip to Taiwan today despite warnings from Beijing. And Oil and the dollar continue to be in the red. Chart Of The Day Oil dropped on demand fears after China's unexpectedly weak economic data. US Crude lost 4.5%, trading near USD94. Such a sharp drop let one guess bears may be in control and a retest of the prior month's lows could be a plausible scenario for the coming day. [Screenshot 2022-08-01 at 21.28.30](113/cXx8Z04/VWMLVq3zkxC3N3PDbsmLWMtdW7lBRbf4NcNcTN15bQWX3q3npV1-WJV7CgCCsW3kdxxg7p7sgXW47dQqC5DYtbkW831s6b6JFTsNW48vl_N4XLQbgV88lzB3s7rb1W26mkjx5SdVrSW2m7dtP3hbJCDW6VvrH21hY147W1ZmkNs5Hy66gW30tTD96k75B3VMr4zq8_4m6fW8MjTDd2HgDTqW2c8M7d65fBRMN8gxPj0V61HCVxB7bn9cCFmlW4fY1649cbhldW9lNQp13k-dJ0W23P1PR1gvxqtW2l-FZb1PvjFkN8flSqNy_R6tW2b6JTl97JwBFW8KsWT-76pl973nrV1) FlowBank Blog The secret of the Swiss equity market [shutterstock_1949548936](113/cXx8Z04/VWMLVq3zkxC3N3PDbsmLWMtdW7lBRbf4NcNcTN15bQXw3q3n_V1-WJV7CgNQZW91lwp545n5FTW8wffC62VTDPlW6_LSC56GYMLhW8L9Y2b8h19kWW4h5bt77CSyvmW7_cCws8NfVlPW3NbMg53fZJ8pW3WxJwT4jRsGlW3641HW5PkztqW52xpXx80_Rx9W4dW2G93-60gDV-RCr_1hnr_DW2W1kWc699hggW7m92825Ss5SSW4qbFS-3nSKf_W6Vj4X83GKKDyW6VKtxC9ckyVWW3ltT1F6F-ZyWW33B50d11NyfkW79Dc7d7zRrgdW23_S6h160TJBW6Ykk-q4l_kB-W1GtKlQ9jdgWCW7T2zyX4jFWxYW7Dz8TR7RxJ-PW69WSXB8NKwmp3gxj1) Beyond beautiful landscapes and chocolates, Switzerland is also known to financial market professionals for its investment opportunities. For decades now, many have chosen the Swiss stock market as a safe way to build long-term wealth and protect their portfolios in uncertain times. 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