Oil stocks 📈 Stocks rally 💪 US job openings 💼 EUR x ECB 💶 Silver short covering? 🎢

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VWzpbw793MyqV7p3XH5mdCDkW5r_q0D4QKP3XMrH-R_4Zjb_V3Zsc37CgB_RW6WK79Q3B4_0SW5vxPVH1X7yc2W6nmN0S617T_mW3p0k-T61z0gFW4krRyT4nYHmrN8VHbjNB-068W35rXmc2QT8YZW5K_pqw4yNDlTW3jNZCQ8_fvMcW2q_VzY8MMHVCW3p5YXv8V2c9FW3XKPwH541gWPW5C5tcL1LNhMSVgJ1LZ6LtW-VW5MDSJ94_s3NMW1dYLzX5rmsLJW5cw7QQ4TSZs5N1QdrnFVt03RW2rxvkn7H7wmrW5_fS113_HzzGW6R8gZP6bBsbPW4yzcgh9jwP1DW7Bm_ww1Kn_2cW89sQxd2xT9VFW32D7Xg9gCtTZW259V7B4bmtkXW281LyT6--nH4W5m8fP75vBkfPW8zw0Ks7DMC-mW47qxxh929GqkW7HS__v9bbC6FW4l2FjF4spVq0W8hxM5s8Z8dBmW8FYcdh3CQMjt3b_g1) [header_noDither] 04.10.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_474915178] Oil majors Exxon Mobil, Chevron and Occidental among others rose more than 5%, following a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are eyeing their biggest production cut since the start of the pandemic. [Start Trading](113/cXx8Z04/VWzpbw793MyqV7p3XH5mdCDkW5r_q0D4QKP3XMrH-Sh2-MK5V1-WJV7CgTpTW8wPLz92BZWJTW3-NHDF5HBmgMW4-8Nw590tw7gW4tXqn76FnwzZW2fXKvn2BJqpzW6Fwr747KkRjQW8ml0c_5Zr5WfN5Q_25nqw55KW4ct7JB5jyLXsW4Pplfw6pJs4dW6Wnp4h8B_8cvW5-7r9g75WthPVP0wPX7Z17KXW1G6RQ52WF47ZVwXW6w5zjxb4W46JF7k5-pHpzW2DLwT_8yWhVFW49f9cT2yn6GSW6_k9hc93WGZrW20CG_37CCJYg3kbv1) Trader's Corner In focus • Investors will look at August US job opening data (JOLTS) for clues on whether the jobs market strength is showing signs of easing. • A speech by ECB President Lagarde could add volatility to the euro as traders look for any signs of dovishness from central bankers amid the market turmoil and rapidly tightening financial conditions. • After oil, silver is grabbing the attention at the moment, as it spiked by 9%, completely outperforming gold. Traders will be watching what today holds for the second most traded precious metal. Economic data • US JOLTs job openings, factory orders, API weekly Crude oil stock • EU PPI Earnings • Acuity Brands Crypto • Crypto began the month strong, rebounding along with stocks, but the bounce is still timid as sentiment remains poor. This morning Bitcoin is trading at around USD19'600, above its average price of the last 5 days. • Popular Ethereum NFT project Moonbirds will adopt community governance through a DAO—or decentralized autonomous organization that will let members vote on proposals. It is set to launch in early 2023. [Screenshot 2022-10-04 at 06.53.08] [Start Trading](113/cXx8Z04/VWzpbw793MyqV7p3XH5mdCDkW5r_q0D4QKP3XMrH-Sh2-MK5V1-WJV7CgKzWMNCJGBW2jvTW66S-W61bS6TrN6lbfkMJWRr-W74-6tn1TW2_8W1znB8c5RvK1CW1pNjlF9jmjN5W1Rjsgf53ZYJxN348HTQ7WDjJW3sTyJk12dfy5W7XHpDr5P_WMnW74MX0H544998W3598bF1RSyf8W91SWDy9fgz18W977Zvh1-KZj9W45H76b302Qz_N8s9f1-yt01fW5BdwB07P--gTW1sv6Qh5QWbVMN8K2sGh4_CryW6X84h715wJCp3gkP1) Market Recap Stocks started the month on a strong footing as yields on 10-year Treasuries rolled over to trade at around 3.6%. Energy and tech stocks were the top gainers. And Tesla saw huge selling pressure, declining 7% as it reported total deliveries that missed estimates. In forex, the pound moved higher after the UK government made a tax U-turn. CHF weakened following softer September inflation readings in the country. And precious metals ended higher; gold rose 2.2% while silver spiked 8.6%. This morning, Asian stocks and US equities futures continue to rise as betting on the Federal Reserve's hawkishness abated. And the Australian central bank surprised markets by announcing a smaller-than-expected rate increase; AUD weakened in consequence. Chart Of The Day September Inflation in Switzerland surprised to the downside, with month-over-month change coming in at -0.2% (vs +0.2% forecasted). The decline in MoM change comes on the back of falling prices for fuels, heating oil, hotels and supplementary accommodation. Nonetheless, prices still grew 3.3% from a year ago, surpassing the Swiss National Bank's 0-2% target. [MicrosoftTeams-image (17)](113/cXx8Z04/VWzpbw793MyqV7p3XH5mdCDkW5r_q0D4QKP3XMrH-R_2-MJQV1-WJV7CgWbSVd6DQR6gwB1yVtxZh178MQn4W42v_nW8YRjxgW4PlB0q3LnP2cW2PkR9x8WJl1zF8tHDB8BG4PW8Cz3n9161mQVW4drjN_5R_g3dW3fj_xm7w-Lv9N68wRGKqsdyVW1L3pyh3WCPJrW8gZc8M1dZlX8W72rtd16hvp8zW2tJVz996GG6xW8wpGs38VypvpW5T472l5gvB9dW5rXskW1QJcfpN62SqVHGrlSv348v1) FlowBank Blog What are stablecoins? [shutterstock_2167052677](113/cXx8Z04/VWzpbw793MyqV7p3XH5mdCDkW5r_q0D4QKP3XMrH-R_2-MJQV1-WJV7CgBv9V1PxMg2WslXwW3QXxLq6zmmFVW6hKmG5981m4MW8ywmTC12ZWxYW1kRY2j1yF7YMW6NhTwr7J9wtJW15z_d328dQbVW7p_jF94Z9P5pW2cGgQ633lCCjW34P0r97Cnr0sW5R9NPk8Gl8yzN1XPP5DwVlRsW8zcZM71r4Q0ZN8GLcHbKcryQW7qkWtz4Fp7M9W58f79G4dy91-W6_g4m71WMyN8W5wQWHl7Mk61b35Lw1) The appetite for stablecoins, from both the demand and supply side, is clearly as strong as ever. Since January 2021, they have grown 450% to $154bn, with Tether, Circle and Binance accounting for over 90% of all issued stablecoins. But what are stablecoins and what purpose do they serve? 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