Lululemon boosts outlook 💪 Stocks fall 📉 To Watch: Central banks 💼 Stocks 🔍 OPEC+ meeting 🛢️

FlowBank's hand-curated fresh financial news [header_noDither] 05.09.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_1060955237] Lululemon rose 7% on a rosier full-year outlook. The Vancouver-based athleisure company updated its guidance in its recent earnings report. The growth comes despite a “difficult macroeconomic environment” and supply-chain issues said CEO Calvin McDonald. He attributes the upgraded outlook to the success of its new growth plan, which focuses on the company's men’s, digital and international businesses. [Start Trading](113/cXx8Z04/VWMqcm7k5hhqW5TVGYR3kpTWBW3pvQRf4PzFlrN6L2Zr72-MK5V1-WJV7CgLkWW1p4XRc5hS5QcW5SdD2j6bQwr3W1sQM6w1Hyd1BW7q-QKp5ljRwKW5ZqxqB2Ly1LJW53Dhqg7VSQWhW2cx20B9kt8BQW1hkG6P5QWdh7W72Y72k6LNhd5W76cyrf7hmVqpW5-57pg4sbvfkW2xK0d04qkkCZW2tQt2d7Q_V8BW3M-3X547jzkFW3nsjgw8KNJz6W6l2LhM1C7tv8W1yLHq16n1wbNW2htC3Y2jfL5tN2jr4-x5fcNmW1PK4Sj42HNqm3nSb1) Trader's Corner In focus this week • The European Central Bank is expected to raise rates by 0.75% Thursday. This combined with the restriction of natural gas supplies has investors worried. • Fed Chair Powell is due to make a speech Thursday before the central bank will go into its blackout period until its next meeting. With summer winding down, the US stock market is potentially set for more volatility. • Lastly, traders will keep a close eye on oil. OPEC+ is meeting Monday to discuss cutting output to support oil prices. Economic data this week • US closed on Monday • US: PMIs, jobless claims • German GDP, orders, PMIs • Eurozone: GDP, PMIs, retail sales and ECB decision • Swiss GDP, unemployment Earnings this week • GameStop, Kroger, Nio • Uipath, Zscaler, Bilibili • Copart, Exor, RH Crypto • Bitcoin, the barometer of risk, trended downward through the weekend after a solid unemployment report offered mixed implications for the Fed. • One of the most anticipated and important developments in crypto history is happening in September. The merge is expected to take place on September 15. Ether options and futures soared throughout August. [Screenshot 2022-09-04 at 16.47.39] [Start Trading](113/cXx8Z04/VWMqcm7k5hhqW5TVGYR3kpTWBW3pvQRf4PzFlrN6L2Zr72-MK5V1-WJV7CgT0YW1CsSxk8zMnbrW2pXCrr5TRP3QW3gzLLb3-N067VCNykT6G2NtjN4pRG_BBmZlmW3LYy1J7SpQtmW4__Nsw95Y39xVVZJKR26h8r5N4nCdBGqCFd8W6JjGRD1KcxfPW6ml95f5BMfCvW8RgKbH6Cqdn7W5jp4K_86JgW7W2yxtD46mjdgKW514tQz93_1qzW1bmtZr1V_L8rW5Fss3z2sLMsYW62wnPd1jTLcLW5nlg_b3CPVsVW4tk65f2DvKFP33wZ1) Market Recap US stocks closed sharply lower Friday as investors weighed the Nonfarm payrolls increase, coming in stronger than expected, and offering little evidence of a slowdown. The S&P 500 shed 3.3% for the week while the Nasdaq dropped 4.2%, suffering a third straight week of losses. Oil prices rebounded but pared most of the early-session gains on concern that crude supply is outstripping global demand. Gold prices recovered, bouncing from July lows. But hopes for a continued advance are low as the dollar remains near the strongest level in over a decade. This morning, European stocks are pointing 3% lower and the EURUSD is down 0.6%, over energy shortage fears after Gazprom halted the Nord Stream gas pipeline. Oil is rallying 2% ahead of the OPEC+ talks. *US markets are closed for Labor Day. Chart Of The Day Ethereum surged more than 10% last week. The upcoming 'Merge' planned for this month will see Ethereum transition from a proof-of-work (PoW) system to a proof-of-stake (PoS) mechanism. [ETH 02.09.2022-1](113/cXx8Z04/VWMqcm7k5hhqW5TVGYR3kpTWBW3pvQRf4PzFlrN6L2ZqS2-MJQV1-WJV7CgY25N4q7xYnjljP2W665nPy2SsQgNN4pNHNBl16_DW5RYPhJ3C0C1tW8-HXl87l35tfW4tv3rb1shfczMXPxnCFGdGJW83fT-f8MltxJW1bcttm2qYYwqW5tgKYT6sCMhHW8L34q234mNnXW29CqJK1S_lvpW3yl7Jj8tnyXsW1QtKhb7yl0Q1W76XJLh53hn0HW5s_NSs6TH0_DW2fjpPM9hPWxLW6C-1Bs1Mfs5Y38Kf1) FlowBank Blog Will the next Prime Minister boost the FTSE? [charles-postiaux-Q6UehpkBSnQ-unsplash](113/cXx8Z04/VWMqcm7k5hhqW5TVGYR3kpTWBW3pvQRf4PzFlrN6L2Zrr2-MKpV1-WJV7CgMblW3Q8T8M93L-V9N8p_bhnFNDg4W2G9_Hp4dsn9gW8hpLmw35VYqXW8BCnx_5wg_nJVnQvP28qM3pfW8N02HB2RkKnYV63X1N362SV4W10dr303MJf5xW49XNkB6vKwHBW2l0LJj7R0vDcW2X125j130ySdW2cN8rQ6-79lTW26tGJx8zZk3HW6HtXVX6-4GPKW5lWcrv3Z2VjpW6vHdhV3H2Z-dW7DR4Ny2yfy68W5jDRFt7mt6p0W53cYQv4GfQSKVrLgst8zVlJ1W5K_xw23jG5vG2Hq1) It’s been a mixed year for UK assets with the British pound plunging on the one hand, while the FTSE 100 has been among the top performing global indices. Will the next Prime Minister influence this dynamic? 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