AMD sees strong demand💻 Stocks mixed 📈 To watch: PMIs, OPEC🛢️ Earnings: CVS, Booking, eBay, BMW, Nintendo 🎮

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VWRvZy1dY-W8W21Llzr3lLnwlW3Bmyl94NfXG2N28qGwh4ZjcBV3Zsc37CgBnVW7srlzh7N4P8VW87QLV947JJj4W8WpMDZ3JZs-7W8c7KW729XHknW51gC9W1t9P7bN7JVjgXrsFdbW1pJvDq7rskNtW2SxkPr9h8--SVp594v1KRR5XW7nDBpm5lvvWNW1s2gh76NxV68W5BXmv26hnS9qW67GW8J4T6Tm-W3hB8zk7RlGp2W7pppkB3BnrhzVlVy5k7TRxtCW37J89p7xy48MN3FXr0B8Lmg5W4wl8LY83pG2tW69dGlL6NpNvkW5hhJNM8t725KVptSLp8fHrP-W2kxxv051YN-pW3ty0QR3b4K1xW6lrsJd1qgg59W2h6VKs2BMJQfW40ZFmS5LYZ4VW8Rmsgl4XBq-rN6GCRN68VDn-W2gV-xH3WWsWPW542rsD5hj506W6sw8hW4bKqxwW8hCs2_2BPg3qW8xpY3L8Zkg4HW3VNh583BQKXNN7N5fgG_QyxKW4wP3Yw7qlHmmVrjxmj2rVYhc32-K1) [header_noDither] 03.08.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [AMD chip] Chipmaker AMD reported earnings that beat estimates but gave a lighter sales forecast than expected. The impressive sales growth of 70% year over year came from all four of AMD's major segments. It expects strong growth for servers processors to continue, not expecting a slowdown in demand for these chips. The stock fell 7% in after-hours as investors digest lower growth expectations and take profits from a strong July. [Start Trading](113/cXx8Z04/VWRvZy1dY-W8W21Llzr3lLnwlW3Bmyl94NfXG2N28qGv_2-MK5V1-WJV7CgWW-W7K2M1f7Y-7HGN6yJdsg9lV0KW1tb_q98R3ld_W8v1bcb42SGYXW7xRxX12rMXRcN6jRVdbMzLt3W13CdSg2bTTGWW1NNtgk4TL57mW88FG0n96_09CW4GdW4k80dcZ-F23xSkm8zVyW6TBY864N61GrW1D1Nwr609lgsW5NDwhC4m__XBW7KYRcM2ChKYrW43Zgfv7v6nXfW3BKcG21Cf2yvW6ykrL175Zsv2W61tmwl45wrpmW8GCLtr8_3Q6C3lTC1) Trader's Corner In focus • The euro and yen saw high volatility versus the dollar after US yields spiked on stronger US job data. Chances for the pairs to weaken further are good should yields resume their upward move. • Traders bought the dip in oil prices ahead of OPEC's meeting today. Markets will be watching if the cartel decides to alter future production. • Lastly, Pelosi's Taiwan trip is also creating fresh pressure points for investors. China vowed to respond with "strong and resolute" measures. Economic data • US PMIs, factory orders • EU PPI, PMIs retail sales • German current account, PMIs • OPEC meeting, oil inventories • UK PMIs • Switzerland CPI Earnings • Moderna • Booking.com, eBay, AXA • BMW, Lucid • CVS Health, Regeneron • Nintendo, Fortinet • Yum Brands Crypto • Bitcoin fell for much of the day, with prices contracting 1%, marking the fifth consecutive day of declines, with each coming on below-average volume. Investors may be awaiting clearer buy/sell signals. • Robinhood announced it will slash almost a quarter of its workforce. The brokerage also reported a USD295 million loss in the second quarter. [Table 02.08] [Start Trading](113/cXx8Z04/VWRvZy1dY-W8W21Llzr3lLnwlW3Bmyl94NfXG2N28qGv_2-MK5V1-WJV7CgMjsW2NzM8W4XZZLcW2zQRZW6pThPfVPNjFx3VZ5PjN9l61MkXKMZdW39Lw0G30XPK1W3-Gcd-3NBxZdW7F1pKl83P7S-W7QCJGH7jWb7KW3qWrcM4ccChFW98_byZ5G82hPW4CbY5G3cdMfsW2cHBBG2TXkn0W3Byr8H25lR0HW8dxTK1183bTQW4yl_ST3syhwJW6rVyz74kb7cNW6Fjymy4QrL8hW5qKs7H7MYGG1W6TvwPy14mBGQW1XDmdC6gwqv43nCZ1) Market Recap US stocks declined in choppy trading as investors assessed prospects for rising tensions between Beijing and Washington, while Federal Reserve officials reaffirmed their commitment to bringing inflation under control. Bond yields surged, pushing the dollar higher against the whole G-10 basket, with the yen, kiwi and Aussie all losing at least 1%. Oil erased early session gains and gold retreated. This morning, US stock futures are up 0.25% as investors see some relief from anxiety over US-China tensions. Treasury yields are declining and the euro-dollar is rebounding slightly. Chart Of The Day Gold rose to the highest level since early July as investors are bracing for a cloudy outlook in growth and a stormy period in US-China relations with House Speaker Nancy Pelosi heading for Taiwan. The precious metal often benefits from bouts of geopolitical turbulence, and the Pelosi trip only adds to tailwinds. [gold-1](113/cXx8Z04/VWRvZy1dY-W8W21Llzr3lLnwlW3Bmyl94NfXG2N28qGvJ2-MJQV1-WJV7CgH2QW6Gs_jP8WvT-SW8pHcRc6Lkb9LW3NsT-t7JsKQ2W4JG0d655q55dVJTz8c6bhhJ4W7Sss9L6dLZSCW4PtgSf1q2sZtW2pMShl34H_WfW8p2gmb5CYWHsN6XNqY_g4NxGW7spK0Y3b-rc_MG42l45kJVhW1g2TNy4RfdHPW83wCf596L2SnN2c9lTDX09ggW7bJfTR4Ljm4hW6MvfdH6H-8mgW1QRVwD98HL2J36Mf1) FlowBank Blog The secret of the Swiss equity market [shutterstock_1949548936](113/cXx8Z04/VWRvZy1dY-W8W21Llzr3lLnwlW3Bmyl94NfXG2N28qGv_2-MK5V1-WJV7CgYLxW7K06VV7VP5bKW3TmZSC4NJy3gW6QsvWf429Xr6W64XQPB1xrcbQW50cXbh7r9rTTV9kr1b1c2GrhN96-BjqR0MXkVyhrfl99MqGCW88mP934yPryGW5TnWxP4MYHS3W1jWqWJ5pqqfsW48D6bw2v7kflW881cj01S_DffW12QTFy8RRrTRW7ZscJb5J0VJDW3SrQKP8VfK_NV2xKXv3s414FVSjVdK34LXmTW3JJy4Y4wkP-ZW3fwX592Bjz3H35jw1) 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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