Pepsi raises forecast 💪 Stocks fall ☔ US CPI⚠️ TSMC & BlackRock earnings 🔍 Dollar-yen 🎢

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VXd7fm8CWzQ2W3W8jyw2YtMwCVmLt1V4R43XcN4-lLfZ4Zjb_V3Zsc37CgH67W5YcYJC1f3VvfN8VrtW2lmd9LW2lPZ7P2wt14WW516c5d7c1MZ9W9c046Z4hJF3_W1995jZ8M9b2WW64plpQ8V5PngW1xRrQw83P0kLW8R0xw016YhBcW67x-FB79Hg-FW7RCHD-8x4W4tV2bS961hsTGHW2RmT454w4tbMW1hL0Cm8S80H4W3wLGSb3KxgTWW7m8Nd5375f6xW3nHp3h6qC39VW5Bd0F14wZYwpN5Rl4tGBFk-WW4XmR1f98WlWNW2X_Nvz4s86-VV_Q9sL98YSnHW2JjbvW5cw4bMV1G3Y12thx8KW3M76417Y_4k-W17XsKd4jG2rYW56RDyn8sW6jnW8lZJDH5HFqSVW5-P-Q07XvDdHW6LJHK84605n3N6_g10TnqMK4V3p51Y8cnpZlW62bPTH3LyVqdVygXNm6Fnlc936p81) [header_noDither] 13.10.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [Pepsi] PepsiCo gained 4.2% after beating earnings estimates and raising revenue and profit forecasts. Revenues grew by 16% in the quarter as higher prices helped offset volume declines in some units such as Frito-Lay North America. Rival Coca-Cola, which reports earnings on October 25th, followed higher. [Start Trading](113/cXx8Z04/VXd7fm8CWzQ2W3W8jyw2YtMwCVmLt1V4R43XcN4-lLgf2-MK5V1-WJV7CgL37W5nRNwq8c78VYVb6yZ113mm4VN5pPhYn391V4W2YdZxp5YVx0JW5P1nbS1SlQx-W3ylwRN90H-_qW3kQyfl9dC5FhW4pw_Vs3L4NZsW3yhZDQ5zT2HTW5HyPw448XqGgW3q2J3H5YZxWKW7w-L9c8-j8TJW1hnd5_2_H0T-N3sg-rk5btkHVk72xw1Wsrx1W6FYQmr7kMbXDW1hrxKL19HzLfW1Sp80350zJBdW7LNN9y4bVL9mN847GXrDkTw93d941) Trader's Corner In focus • All eyes will be on the US CPI due before the opening bell. Traders are nervous as it should set the tone for how much the data-dependent Fed will hike interest rates next month in an attempt to rein in inflation. • The giant semiconductor manufacturer TSMC and asset manager BlackRock are reporting today. Investors will be looking for clues about the demand picture and the state of margins given cost pressures. • Lastly, we will be watching the dollar-yen, which broke above 146, a level which last time prompted BoJ intervention. Yen traders will be looking for signs of a reversal to short once again the pair. Economic data • US CPI, jobless claims, • US crude oil inventories • German CPI, Swiss PPI, Chinese CPI and PPI Earnings • TSMC, Fastenal, Progressive • BlackRock, Walgreens • Delta, Domino's Pizza Crypto • Despite slipping slightly below USD19k at one point, Bitcoin gained ground rising above USD19'175. Once again, USD19K shows to be a resilient psychological support level. Ethereum also traded upwards. • Web3 startup Space and Time which uses a cryptographic protocol to store data in a decentralised way, landed an investment from Microsoft. [Screenshot 2022-10-13 at 06.27.18] [Start Trading](113/cXx8Z04/VXd7fm8CWzQ2W3W8jyw2YtMwCVmLt1V4R43XcN4-lLgf2-MK5V1-WJV7CgVv6M2RC8GxB4BJW2WMThl8ZPWNzW82mTY629vwdRW15RGP53gQ9_RN3tzS57fbxbfW7H2jhj3wQZ0BW87-3m87B8Kg6W3WCXSM2xghzrW5cX6LW7CfKBkW1b6LBD1sHXqhW6bPlKb3yB2ByN6JyfdNhb5QNW1vfjh66nJpn_W8dyJVc3p9bpsW7KMtW05LQFnmW6tB9qY1jDggqW7sNtbp2nxBplV2Z2Hw1wQTn8W8Mw8vJ45s--SW2t_xTw6z6LDj32Xj1) Market Recap Stocks edged lower amid investors' intense nervousness and an above-estimates US September PPI. Fed minutes highlighted the need to maintain a more restrictive policy stance but showed Fed officials are also concerned about the adverse effects of policy tightening. Treasury yields ended slightly lower. Oil prices (WTI) continued lower on demand fears. USD gained strength as Yellen stated that the recent rise is the "logical conclusion" of diverse global monetary postures. And JPY slid past 146.85 after BoJ Governor Kuroda pledged to maintain monetary easing to support the economy, This morning, US futures are little changed ahead of the much-awaited US CPI reading and major earnings reports including those from BlackRock, Delta Airlines, and Domino's Pizza. Chart Of The Day The US Producer Price Index (PPI) grew by 8.5% from a year ago, coming in above expectations. Although the PPI doesn't feed directly into Thursday's CPI, it does suggest inflationary pressures are still there. [Screenshot 2022-10-12 at 14.30.49](113/cXx8Z04/VXd7fm8CWzQ2W3W8jyw2YtMwCVmLt1V4R43XcN4-lLfZ2-MJQV1-WJV7CgGhjW1xHHsn8wxyQnW408jGk1l5qPmW5NjDlx2ffB_QW950_tl7_MpQ_W1bDpDR77ygKRW2Sz8kS5Q__LdW4S8jz23kh1zLVlxWBt2GMJJ1N22My3S1R49NW1VBf6r4ffJJsW72fX2Z4Rs4mvW274Yn49lGQNBN4cfkzn3LC0gVN0tf56-DbFdW2JCDNT7BNKHJW4CttDw8MbnJBN67cPtTz4dLMN4GjjwTBWS1x35RZ1) FlowBank Blog Dating apps: fertile ground for innovation? [Dating app main](113/cXx8Z04/VXd7fm8CWzQ2W3W8jyw2YtMwCVmLt1V4R43XcN4-lLfZ2-MJQV1-WJV7CgVRnN1nz-FGHF15WW5Q8B-7567jJYW83h2B91dZRldMqS_QM5yDN1W2gSvYv5VN1y3W2MszJ23kJWtwW2-wn0v1WfF64W9dZXZy4Js_k3W211Brf5-8kZrW3b_knW1gxJ6fW3yjZnS72_k91W3V3b5g8htKRkW4y9q0b1HNKc1W1GYdbq5QJttkW7wLq7F6x5MLCW3JG-hc7nRV8yW5wGKCN8v89pCW8KpRWX3k_yvF378V1) Dating apps offer a unique success story on their own. Discover the latest app novelties and whether the leading matchmaking apps could become key market darlings. And, is it time to ‘swipe right’? 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