Rivian optimistic 💪 Stocks advance 📈 OPEC+ meeting 💼 EUR & GBP 💶 Tesla x Twitter ☔

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VWqksD91yh61W3Rn4j24jgZVgW8BHpjy4QMXLxN70Sksk4Zjb_V3Zsc37CgDRhW189NxV51gCnVVPJy4c3ntZCQW3FzC0G5Z6BQVVSLwX28yk0VXW2KMhPk77JSl8W6TqGqy7bzDZ0W8JC6Kp5fgn1nW19rrp28hHh_rW8YTXtY33vnkLN4ZxTsvgKpRFW6tCKGM86ZkkyW9kSsP683Xn01W7V4LHZ3qBpynW8Tm2Fd2j_lhNW8S2dlf4HN4D1V70_z53rPd3TN2wzWR1RydyYW1FNt0c6BStcdVr7-MC228G84W5nrmCn6X4LMRW9ffK1m8ClGrsW41RQKt32H6cQVRsXNR716xjTW1bb5D81YKhlqW6z9tch3wyd2zW2BQ-kf4Lxzq3W3T6KmT2-g4yYW6-9fQM8GbtQBN8NMLlBDWN6yW5rhxyt6Jq3BbW7bFBW37jy0ClW353-4g16DnJmW4NjwMR1mxSPYW3vcqSh1ryzFn32sQ1) [header_noDither] 05.10.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_2079952741 (1)] Rivian (RIVN) jumped 14% after the manufacturer of electric vehicles revealed that third-quarter output increased 67% from the second quarter. The business also stated that it is on track to achieve its production targets of 25'000 vehicles this year. [Start Trading](113/cXx8Z04/VWqksD91yh61W3Rn4j24jgZVgW8BHpjy4QMXLxN70SksD2-MK5V1-WJV7CgWvHVF2cQN6nXWGXW4WYjN06yFxGzVlvHqF2Ty0TBW4kBbKs1vyMwGW4sDFrS8X_8-GVg2ZJP48RCNyW3--dYP1bp5S_W8C1Y8t8vk9BNW299zcX6f_vTpVtVn3T4fs4sQW9kjDlD8pMjpWW7l56Jm5fzWSPW1czt906yzyDQN3QqXT1HrThVW1mQCPw12GDGHW2Y4sq65JYzWyW3Lg4pq58Z4hNW98c3-W3HSTNfW27L-CB5CSRDDW426Wl18pP0Wq3mgV1) Trader's Corner In focus • Oil prices are set to see greater volatility upon the release of OPEC+'s output cut decision. The group may be considering a reduction in its production limit of as much as 2 million barrels a day. • Both the EURUSD and GBPUSD have strengthened significantly, increasing the chance of a pullback as they are both near a short-term technical resistance. • Lastly, traders also paid particular attention to Tesla, which pared gains after learning that Elon Musk wants to acquire Twitter for the initial offer price of $54.20 per share. The stock (TSLA) could see further pressure. Economic data • US trade balance, ISM non-manufacturing PMI, Crude oil inventories • EU Service PMI • German Service PMI, current account • OPEC meeting Earnings • Tesco, Aeon, RPM, Bang&Olufsen Crypto • Bitcoin jumped back above USD20k, its highest level in a week, as investors became more hopeful for a slow down in the pace of rate hikes. • Payments giant Mastercard is launching Crypto Secure, a new software product designed to help banks and other card issuers identify and block suspicious transactions from crypto exchanges. [Screenshot 2022-10-05 at 06.56.22] [Start Trading](113/cXx8Z04/VWqksD91yh61W3Rn4j24jgZVgW8BHpjy4QMXLxN70SksD2-MK5V1-WJV7CgMMQW36XwhW2Xb8t3W2hf7_b7fpq5SW7bq6gK8gnp1GW20lw666vzJjFW7G0blF47QTrGW3-Dg0x7P5HCHW96GkvH3zLxKqW3GvmcZ7sVBswW4wyS453T19twW8ksghJ7j09Z8W2BNGX11WhhBvW3bVkB35hgTc1W8b-5mQ7Fjz5XW5lPwNd5m79knW8wbylz4cWkDnVQPkyf3wKKnLW862Tpb317F1SW48B-4T7hl-TKW1X2-lN1gwzbyW7vMJC67Zt33N37K_1) Market Recap Stocks and bonds rallied after the Reserve Bank of Australia hiked interest rates less than anticipated, boosting speculation that the aggressive interest rate hikes by central banks around the world may be coming to a stop. Treasury yields fell with the dollar. The euro strengthened after Villeroy, an ECB member, suggested that the bank should continue raising interest rates at its meetings in October and December by significant amounts before reevaluating and possibly slowing the pace. In commodities, gold and silver advanced on the back of a weaker dollar. This morning, S&P500 futures (-0.4%) are pulling back while Treasury yields edge up. The rally in oil prices (WTI) is also easing ahead of the OPEC+ meeting. And EURUSD and GBPUSD are modestly lower. Chart Of The Day US jobs opening data (JOLTs) came below forecast for the month of August, a sign that the jobs market is slowing in the US, from elevated levels. The news is positive for risky assets as it reinforces the view that the Fed could be able to reconsider its aggressive pace of tightening monetary policy. [JOLTS 04.10.2022](113/cXx8Z04/VWqksD91yh61W3Rn4j24jgZVgW8BHpjy4QMXLxN70Sksk2-MJQV1-WJV7CgQylW4BL1NM1gnpWGW5CG62W7jpvz3W6zc1yV8s8b9VV7Xp1T4vJ3KBW6jkZB98Z1QbnW4nNh-h7V25bbW4_cdl-3ZB-l9VwvbnD4S2kKyVZLByf8zq6G9N4CPLRmTsRM6W5dYqPv7BJ__GN43MJ6_kDQBRW6X-Hp_62KNXDW44Y2Rl42MrS2W7q_V317rRVH2W1JFFY67g2prkW6CbXyr6l2nzsW70730s87-d7W338f1) FlowBank Blog What are stablecoins? [shutterstock_2167052677](113/cXx8Z04/VWqksD91yh61W3Rn4j24jgZVgW8BHpjy4QMXLxN70Sksk2-MJQV1-WJV7CgK8PW1fWlR265bgCpW3QRw_X1bzj16VYctgr4-1ZT4N4Y1YkNqPJgHN9dx-tPhHZ5XN31jKyK6XHPWW3lGgXQ10cPNCW8NdfYX2bKmHDW1Kws823yGH9HW37rcsK4nsrTkW5ZL2l53PhmVxW4VQV1Q57JcXJW1HmX897MjxCRW45HSvR3xnCKdW3GJ74j6JCBX0W4KbrY744snryW2rG9H937FMVvW14zjvX2yCcd735m-1) 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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