Adidas surprises 👟 Stocks gain 📈 To Watch: Jobs data 💼 EURUSD & Nasdaq 🎢

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VX5DfQ45lm6zN3FKCJBvcv0RVJvnzy4Nl9CbN7FnD1m4ZjcVV3Zsc37CgTlpW1p1nvV6VwL7RW2lct015J9yGBW8DGSLs8zMNZRW48HbHh3N_8NpW82GcPL5wGMD8W2Qv2GZ1n6mdxVt2nFd24DtJqW7qZVsH7Yh0-fW6C3p9l4NsM24W9jr5bL6y008HW1K_RjV8ZMpHjW38_05X4YhxnYW8lYlYv8sj9PMW5J--VJ9b88fyN1n2hYnXYq8-W201Rwc6VSgHXW5DNyRM5FmQXGW2LRbN84x5K48W8CBQ1W8Krp1QW1WJWdg5F07XRW1JWghP1VK3HbW4kl7HJ6MyYHrW437hM431PP-BW68WtVh8TN6QdW30-9-V63RB8rW2yST9W76ZF0qW788PX52kW8qYW51k9bT8mThDPW6SmbpW3tq_nqW8K8MVY3g830tW5Q6C283sJQ6hW2yY9dT2Fx_gKN5YjpGJf4bqhN7cM3BVKqqg6W3LsQdJ5qsZdWW3lnnWc44kdTFW3B9fhW9gwvG0W5kBNcD840LZRW6JjYYb7cCZbNW6fwQgf5fvm9J3dcc1) [header_noDither] 05.08.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [Adidas-1] Adidas gained over 2.5% after the German sportswear company reported second-quarter results. Supply squeezes, loss of revenue in Russia, and China's Covid Zero policy weighed on sales which led to last week’s guidance cut. Nevertheless, analysts were happy to note that the North and Latin American regions are likely to see faster growth, compensation for potential demand slowdown in Asia. [Start Trading](113/cXx8Z04/VX5DfQ45lm6zN3FKCJBvcv0RVJvnzy4Nl9CbN7FnD0N2-MK5V1-WJV7CgGr9W1ByDj76MbmkLW23HlpT5TRvYbW4GVmZp86t-ppW1qxxCf6j8nvwVMnTSn7sSH_fW2qfCSc7y1rlzW2kMznJ6jzRq7W9ktV2h1dSwHsW76pZbm8cj5jzW58c5b82qpQVRW1m-_mv97htLjW4JCWsP4mmC4cW3rhfTs2rH-YbW4FSPV12-VrhWW4-6R_G8WVpSXW8vFR2p8gG44sW3Sd1_t5Q8wpBW1gKss92m85k9V49VYf37f0smW4KpgF88X-znH3b-21) Trader's Corner In focus • The sentiment is improving but is still vulnerable to today's US payrolls. Hiring likely softened in July but the labour market remains consistent with an expanding rather than recessionary economy. • Nasdaq is reaching over-bought regions according to RSI. The recent tech outperformance has brought the Nasdaq to retest May 5th highs. • The US dollar is back in focus. Chances for the greenback to appreciate are good on the back of a stronger US economy amid weakening growth overseas. The EURUSD (1.0230) faces technical resistance at 1.0270. Economic data • US: Nonfarm Payrolls, unemployment rate, hourly earnings • German industrial production • UK Halifax house price index Earnings • EOG Resources, Trimble • DraftKings, Telus • Westinghouse Air Brake • Western Digital, Aedifica Crypto • BlackRock, the world's largest asset manager, announced a Bitcoin partnership with Coinbase, targeting institutional clients. Coinbase jumped 10% and rival crypto stock Silvergate Capital climbed 7%. • Starbucks revealed it is working on an exciting Web3 initiative for its popular rewards program. It will announce the new reward model on September 13th. [Screenshot 2022-08-05 at 06.43.53] [Start Trading](113/cXx8Z04/VX5DfQ45lm6zN3FKCJBvcv0RVJvnzy4Nl9CbN7FnD0N2-MK5V1-WJV7CgSH7W6mtBpw2q80p_W8kWN0w3gjf6tW9kzvll56-P6dW6R04vd1bMbdDW3WvzZq1z-QVgW4y7lpn34fJWzV_Y-YV5gfkD4W4pTFhy4HmKqDW7BvjRy4Ll-BhW4lhf-H5cs76RW1rmdPZ4c2zFPW5d5zqj8fW-LLW5rpXZR374LP6N8zjCKqCxYkCW8wnB3p6NVmLZW2V06GF7qLsffN4-cL9_CrV3GW8Sy2DY4KQhBzW6msYc_4srBHYW4VQ8Zp2VXfG03kxf1) Market Recap US stocks ended the session little changed after fluctuating throughout the day. Nasdaq edged higher thanks to Amazon (+2.2%) and chip stocks. Gold surged above USD1'800, and the dollar held steady. US Crude broke below one major support, hitting at one point USD87.90. And GBPUSD traded mixed after the BOE delivered the biggest rate hike in 27 years and said all options are on the table at its next meeting. This morning, stock futures are pointing higher, with global equities set for a third weekly gain. Overnight, Lyft, DoorDash, and Expedia beat estimates, while Beyond Meat and Block missed. Chart Of The Day The Nasdaq has rallied 19% from its lows in mid-June, and the S&P500 climbed 13%. Behind the rally, tech earnings have been stronger than feared. More importantly, the market consensus has evolved from a hard-landing with a recession to one where the Fed gradually pivots to being less aggressive as inflationary pressures soften. [Nasdaq 04.08.2022](113/cXx8Z04/VX5DfQ45lm6zN3FKCJBvcv0RVJvnzy4Nl9CbN7FnD0t2-MJQV1-WJV7CgKhMW1x_1h23FY_HxN5vV4DT6XY7ZW6NRBrf6_xF2BW6FN1Jv1M1ZzMN44h62X58v1WW6lhn1S4j3pDPVgWQ_p1g4HMhW6hwPq02mCCb8N3p6N8pWQ3lwW4ztwCR8sqhTfW1tLB9D7Sy52RW7nyQTn6Fd2CTW7wT0_C3wydQdW1vq86F5512nLW6ddrS36PPKN4N2w6MBp7lnpHW8cYmrw2DxyvbW5ZMphF3Ddl8c3gXl1) FlowBank Blog Could Amazon disrupt healthcare? [AMZN pharmacy](113/cXx8Z04/VX5DfQ45lm6zN3FKCJBvcv0RVJvnzy4Nl9CbN7FnD0N2-MK5V1-WJV7Cg_6mVHR0lk5zrQkZVfH52m40llbgW4H51TV7cyCG2W6DZyQ-7FKS9sW3ZwjHf67DkVhW83kFTy1tv5hhW92GKbf3Zs834N3vVD7Sl73LnN5kJblN71mjjW2F66DG86DQrjW50VT0n2Tl_SrW6RjvVL6MYT4XW3krLly4SQVqxW3jk8-y1YXzy1W8n6jtc3RcB7CW7MLbwz477rcCW2RYxZv86M440W6jk8fh7WrFBGN1YSPXQ1n6MhW6ryNSs2B-Z0239xl1) Amazon has a strong track record in building new lines of business by starting with small acquisitions. Its latest push into healthcare is buying proximity primary care provider One Medical. Could amazon’s latest acquisition allow it to disrupt the healthcare industry? 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