Cadence earnings positive💻 Stocks advance🎢 Microsoft & Google 📱Oil API stocks🛢️USD & JPY🔍

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VXhpbG8NxmdPW4JZY1Q4C-0g6W7nzmJr4RyQnZN5ZDtTf4ZjchV3Zsc37CgBNBW2tl_7n5m5rNHW12rlQp8Jlpw-V2bH7-4CTWPpVl_PSz2hmWMTW77FbGY5SNNG6W4b2vh-1-_hgbMR-J1FrvpbJW8bdnGx5Bxp4qW717mSJ4M7V4WW30KqVk73HLtPN1fqztHSg-_0N4fpjY54FZRVW4TrMR36QY9FdN92Xn4TL1147W96QvXR4dpzZ5W79LBTJ2bDHrbW5phMG76Gp3ryW5X8TMF92R88YW5rX5QW10Kd5XW22-2qk3wTvxYW3WDl_P5C0YPRW3qTYXs3x7cyyW69-yB-1D8xmlW26NxNP97Ysy4W9g50Dh6pRssVVvMg433frmccW8Y8ZVQ2HxvH-W6c3x5j4PtfYJW2w37ZQ266WQbW8GF3tt91JVPZW1KG2t0597VfdN1qvFV03xQQDW8GDmjN2t0fYlW1Gwk1W8bdYPqVtBJN_3ZvrdnW2WvVQV8Gggjy3br91) [header_noDither] 25.10.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [Cadence] Cadence Design Systems, a leading American company developing software, hardware, and IP for chips systems, reported strong growth, solid margins, and an upside to its previously announced revenue. The report is reassuring as the industry is juggling between strong growth and modestly reducing expansion plans (earlier CAPEX reduction by TSMC). [Start Trading](113/cXx8Z04/VXhpbG8NxmdPW4JZY1Q4C-0g6W7nzmJr4RyQnZN5ZDtTf2-MK5V1-WJV7CgKdxW7Zf94C7Z84BLW5lMrwC49J5L5VGK1VZ5LBk5wW5GVtzB3hnCrGVTbBHC1PHPV-W28Y4nY16Q7WkN42-x7tRLPnFW7PSdLB63h5XvW1JD5fx3964g3W2yJTpX4yXhffW52mfBQ3fSNnsW8MPJc69m4qm0VZpfw41TKrTGVdv1RP7XbST5W3Dy2Wv6nGb8kW1tRRwC7fP6dQW7mpGX32X6kXzN3JM9jGKn0tfW1TG7dJ1Yk_pVW3GlRFN84RVN93bq91) Trader's Corner In focus • Big tech earnings will begin with Microsoft and Alphabet reporting after the market close. Investors will be looking for any signs of growth slowdown or profit margins impacted by the current macro challenges. • Oil prices (Brent) swung between USD90 and USD94 yesterday ahead of today's API Crude oil stock reading. Any sign of exhaustion from either side could be decisive for the next move, which could be volatile. • Lastly, volatility in the currency markets is set to remain elevated. The dollar index, which slid after BoJ's intervention, has found support at its ascending channel, with USDJPY now back near 149. Economic data • US CB consumer confidence • German Ifo business climate • API weekly Crude Oil Stock Earnings • Microsoft, Alphabet, Visa, Spotify, SAP, Coca-Cola, GE • Novartis, 3M, Lonza, Chipotle, GM, UPS, Skechers • Lockheed Martin, Raytheon Crypto • Ethereum, the second largest crypto by market cap, advanced 4% at one point on Monday. It has gained 5% in the last 5 days amid improving risk sentiment. Its volatility continues to be low, trading in a close range. • Bitcoin's mining difficulty and hash rate continue to hit new highs, increasing the pressure on miners to spend more on mining resources. [Table 123] [Start Trading](113/cXx8Z04/VXhpbG8NxmdPW4JZY1Q4C-0g6W7nzmJr4RyQnZN5ZDtTf2-MK5V1-WJV7CgZCmW7Mkt387mf64pW842nx48BYBKKW7YB7Q_6Fpf-gW7GWnVn8CK81fW6YWcV933Kc27W6ZZRG_5kjtBQW8SxjSq3YnqsTW1L9Qll93qMSyW8Gks1c8z8ZMQW3GPPcd3sD89JW5WrWfj3vFtQfN910fzW9J9cNW3W5SSm7yZ_6FW1NfrRt1m_F4gW5P9z8X7Nml-sVnKc3J6cqNBzW4Y8t-F5p8Ld5W3Kl71y3-DCWlW3jvW6Q71KgNYW8SWrXR7JLz5x3pWr1) Market Recap Stocks marched higher Monday ahead of a heavy week of earnings from big tech companies. The Euro Stoxx 50 to a 5-week high today after Rishi Sunak was set to become the UK’s next prime minister, easing the political crisis in the UK. A rally in telecom stocks today was also supportive of the overall market after bullish comments from an American bank. The US dollar gauge was modestly higher on the weaker Chinese yuan and Japanese yen. And Tesla fell to a 16-month low after cutting the price of its cars in China. This morning, futures contracts are steady as markets digest significant gains from the last few trading sessions. Investors will eagerly await earnings from tech giants Microsoft and Alphabet after the close. Chart Of The Day The pound sterling rallied Monday as investors are hopeful that the new PM will play defense in terms of budget spending. Gilts also rallied as investors pared bets of the BOE hiking interest rates. [GBPUSD 24.10.2022](113/cXx8Z04/VXhpbG8NxmdPW4JZY1Q4C-0g6W7nzmJr4RyQnZN5ZDtSZ2-MJQV1-WJV7CgTmDW48C1Vq7gwlXrW4M1Mdj1jcMLRW3kTJvh70wy_JMX-mzzCvf2SW5by2x52GBjd-W3NRhh426pMqvW61Ff3M4_GzdKW68JbYx47Cx9mW3bGLWZ75wtTWW5x6cJm7cG7CFW3NJfYH8t5lVYMpz_Rsy99CqN28yTns4cNNPW5DlsG32f6X21W93B_9p3BtzQ-W27r5h9253gqQW8L3Ck_7d7nFvW5YHVh41rx3nj35V_1) FlowBank Blog Luxury brands: an area of growth for investors? [Hermes bag](113/cXx8Z04/VXhpbG8NxmdPW4JZY1Q4C-0g6W7nzmJr4RyQnZN5ZDtSZ2-MJQV1-WJV7CgQLlW71-2S03XrV-0W5BYk9-2VlJb0W4QdJMM5q7r8XW6S8yxS1czytqW4tkgLZ1MSq7kW6BJlNH4VtvCNW1tP64g3-Y_MzW1GHqDX2MsjGsW2MFyj28DY6ZQW7CtJJJ2fjqWVW8ctqtq8fk7gRW7j-8gb5hCGxFW4xZPyx732H8sW153mCX7D2tq6W5HdVq83W66hYW6w3Wzl1gn_WxW7r67j26gGgW4W4-YFkj7TFvrs3pB41) Earnings are out for luxury brands and the quote from LVMH CFO that “luxury is not a proxy for the general economy” is warming the spirits of investors in luxury stocks. Could luxury be an area of growth and stability? 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