Constellation beats 🍾 Stocks decline 📈 Stocks x jobs data 🔍 USD💲Oil prices🚦

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VWnLm31W7TnjW5hyn1z5w8qjyW1zSvF_4QScKFN6R-BYJ4ZjchV3Zsc37CgV9bW8c-PhD4w0cyFW19v2GQ72cWSFW64yCkQ4VnHHMW5k_gH969W7HRW10TpKY2bQgnCW34Tw8M8RYf29VJQZgZ5BPf_8V2gj3j8mKS8kW9kWGF46GNh4BN75Z-yL9-WZDN6MZGJ6Gk7lcN8Fhs4zjxvPVW8qB0Fg90qk5YW8bq5_68CcqNFM80GZ6NRclvW4wRW8g694fpsW5PH2Bf1wFzM6W5P8C8d3-THLJW3sldzp58vh1TW7hmj1N69M9f9W7zZ5YL1y-L-KW1lkHCq3NZLmVW4ZwTxd3YFZNqW1N_32D5mZhPqW6Z1LpD5cRWVHW2jf3mp15Mdr1W8Jm15426cqH2Vb8V7h5NlZGkW69cKxl70YXWXW8YrnZb8mR4R1W7TJm485gzPV6W3H4hCM6rVhCTW4kVNls5m68hMW2V4Qsh63mM7TN1VvbPGFrJkgN7ntNzqg1xQW3dm91) [header_noDither] 07.10.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_1770325784] The second quarter earnings release from Constellation Brands (STZ) exceeded expectations. The alcoholic beverage producer, which is one of the biggest beer providers in America, has seen four quarters of positive earnings growth. The beer brands owned by Constellation include Modelo, Corona, and Pacifico. [Start Trading](113/cXx8Z04/VWnLm31W7TnjW5hyn1z5w8qjyW1zSvF_4QScKFN6R-BYJ2-MK5V1-WJV7CgP1zW6CqqW02QmLscW3MxCHL65F8pbW6ZyRPf6jT473W8q1QPx4C5SCxW1_ZdVq81pRw_W5YQ6rg64F6Y-W3D3cf66_187SN7jRvWSPLgqwW52x3Q_5bRYksW1yhgjz4ww6-3W4803GP3ZVGtZW6YFd167BPw0YW6bYJ_F849yg5W1wlCym5PrnlsW37hZfL5vcVB1W4KfDcq4Fc0nmN1FXXFl3wdHwW4tcvbK58Rz02N8j5KZfvWdKFW6MRjbR8pywkM3h441) Trader's Corner In focus • Stocks will be in focus as markets will be receiving major US economic data, including Nonfarm payrolls, wages, and participation rate. Softer data could maintain the appetite for risk. • The dollar is making a strong comeback, supported by recent Fed officials' comments. The dollar gauge is up nearly 2% since Wednesday. • Lastly, traders will closely follow oil prices, which are making large gains on prospects of tighter supply. Charts suggest a technical pullback at these levels. We will be watching whether it could attract more buyers that were sitting on the sidelines. Economic data • US Nonfarm payrolls, hourly earnings, participation rate, unemployment rate. • EU leaders summit • Germany retail sales • UK labor productivity Earnings None major Crypto • Bitcoin slid below USD20k this morning as traders are slightly de-risking positions ahead of the key US jobs report and Sept. CPI on Tuesday. • Global asset management firm GoldenTree revealed a USD5.3 million token stake in decentralized exchange SushiSwap, with the SUSHI token soaring 13% as bullish investors piled in. [07.10.2022] [Start Trading](113/cXx8Z04/VWnLm31W7TnjW5hyn1z5w8qjyW1zSvF_4QScKFN6R-BYJ2-MK5V1-WJV7CgY-sVl5l1p1JcZr4W7RWG847C8ld1W7SjNyq4G_x4gW6L9PML23Wc-BN8mzC_vT3k_GW783KZ35_GMw3W8cp3ZC4s_Sn4W1y4tZJ2q4W1-W4jVF3R3506t4W7NnZkj8gDy4dW8hzbN85_pDK9W966PPL5Nsr1pW2Sqrm138J_NPW1Ppq0R4Y2DrKW53gshJ3R5xvYW77582h3LhPKVW1B1tH_27SVgJW6p3RhX7sCBPGN3nRp13fsygbW53tbTk1_1_qg3dS41) Market Recap Stocks came under pressure as investors worry OPEC's decision to reduce its crude output by 2.0 million bpd will increase crude oil prices and prolong the current inflationary trend. Oil prices (WTI) and the oil sectors (XLE) are heading to close the week 10% higher. The pound extended losses against the dollar and the euro as traders remained concerned about the UK government's strong commitment to a low tax policy and the country's economic prospects. This morning, S&P500 futures are slightly lower, digesting weak Samsung earnings and a negative pre-announcement from chipmaker AMD as a result of the slowing PC market. Chart Of The Day Initial jobless claims are out, surprising slightly to the upside, a sign that perhaps Fed's efforts are starting to pay off. Stocks opened little changed, with the S&P500 completing its consolidation phase. Considering positioning and recent data, risks remain to the upside. [MicrosoftTeams-image (19)](113/cXx8Z04/VWnLm31W7TnjW5hyn1z5w8qjyW1zSvF_4QScKFN6R-BYp2-MJQV1-WJV7CgJLYW35wf4K3hYhK2MKZrNblFZVkW3V-Nv-7Z1zsDW52lXkt3Y0dTGW5YtTjY6cT7xFN7nK0TfKQhqJW8Qbsn35DJCXsW7j20zd5ZCKtpW3J5r5g2TTzQCW6lbm_V3vGN5xW7hMQTs5vLfsPW13gL291W8gVgW86k-661Y2mtgW5V-gDM3nmSNMW61QJ_n4Fwt7CW8hkhM75DZmhyW6L7y9j6nMzdrN1z_-3gPwMTF32Cr1) FlowBank Blog Could Biogen’s Alzheimer breakthrough signal a biotech turnaround? [Biotech 04102022](113/cXx8Z04/VWnLm31W7TnjW5hyn1z5w8qjyW1zSvF_4QScKFN6R-BYp2-MJQV1-WJV7Cg_4yW6gv_bY8ylGXLW2lNXBb83Dv4gW20n1Pj46XtqnW7r7lCj1XqLwkV_hbkx4ZW0ssW4jXXyk1ZkF2CN5f-zsTtcCDJW7FyPWQ7-nhnsW79K6jv1PWb2zW3F9SQX1LSbXbW6Gdx716PJczpW37V2QQ7Z5fdCW4j6zNg25gNtyW4J_4xz2XlTcwW704gP17y27H1W6RCYmk4CQJGfW23_0dg5Z9dqLW5tRmk07Wjsby3kbC1) Shares of Biogen and Eisai exploded higher last week after announcing success in a late-stage clinical trial for Alzheimer drug Lecanemab. Could recent successes put large biotech companies back on investors’ radars? 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