Uber beats 🚗 Fed meeting 👀 EURUSD 💶 Earnings: Ferrari, Booking, Roku 🎢

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0t4Zjb_V3Zsc37CgC9bW80WJwn8M2nstW8j0JlR2Rh9dwW8qC0Hl9b8RgvW6x2dhY20988ZW52fycl6sVdn5W83MM-81tlRPmW5ZD1Df2343nWW749mM15H8pb7N66N6gw75nw1VtMDNP5kf6t6N3Ycm1T-VjD9W3Nd05_478MmGN8LxcGdFQM_LW2tgL_C7VNWzQW4Cj8FN46Sd5mW45fY233hgzkFW6vJTnh28b9LQW8LcMs64KXJ2TW9lxFxT93lxZGVlTb7x14WSXHW7KcgV35dBV8qVY0dB71y476nN86vQn4Vw7M4W43YN5Q4n69n5W8YJ4LY3R0WXpW1y5QMJ31C1tDW2kmM974cHC6nVRvDdF25Dh4fVkSSDq6rWHLTW55CQqK47pl0nW6wfmVn4c8tNHW1C6sbm1WJP8yW6CTXnT22bX03W7RHP6v2w6fB939TX1) [header_noDither] 2.11.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_1541073497] Shares of the ride-hailing business Uber rose 12% after releasing a fourth-quarter forecast that suggests users are more at ease using the service now that pandemic worries have largely subsided. On a constant-currency basis, the ride-hailing business anticipates 4Q gross bookings to increase by 23% to 27% YoY and reach USD30-31 billion. [Start Trading](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0N2-MK5V1-WJV7CgKytN5bWFjH2BYHTW7cTC8679zW8QW58YjK9602_0NVbsZKZ5YSB8JW3X0DYc2HwyhWW1M_D7x91CygqW5j0lH_4THz7SW5Nnqpv7NgW5nVjgh_R4qTyqFW4_vfwy7RX91qW4TMjW04f55fnF4-q8KBKmFjW32JqCy2sn9TlW4L-G3g5wtmwXW6tkPk-6s_G-MW8WXcSX37tjLGW4SDs4V7hc_mjW5pt3lG8lJ0vgW69KJ321bbF7vW8sp5Sb7tYHbv2ZJ1) Trader's Corner In focus • Today's focus will be on the Fed meeting. Investors will be dissecting Chair Jerome Powell’s commentary for guidance on future moves. The question remains, will the Fed spike investors, or will it deliver a slight dovish surprise that could help stocks rally further? • We will keep an eye on Roku and Booking earnings for clues into demand for streaming, and the state of the travel and tourism industry. • Lastly, the trade in EURUSD remains volatile as traders await the Fed's interest-rate decision. The greenback is holding up well but could stall if the Fed signals that rate increases could be less aggressive. Economic data • Fed decision, FOMC statement & press conference, ADP Nonfarm Employment • German & Eurozone manufacturing PMIs, jobless rate • US crude oil inventories Earnings • CVS Health, Qualcomm, Booking • Estee Lauder, Humana, Metlife • Equinix, GSK, Yum! Brands • Generac, Marathon Oil, Vulcan • TE Connectivity, Ferrari, Roku Crypto • Elon Musk’s new tweet of a picture of his Shiba Inu donning the Twitter logo adds more fuel to speculation that he will make DOGE the primary currency of Twitter. The meme-coin gained 85% in the last 6 days. • Apollo Global Management, one of the world’s largest asset managers, will offer crypto custody through a partnership with Anchorage Digital. [Table 02112022] [Start Trading](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0N2-MK5V1-WJV7CgZ6dW3lttsF7CN3MnW8_zc1n46rS0pW6rpB_c335sz6W2SRjLY2jXQ-JW7x9hTD139LCzW8yp7jQ1ZZPwFW7MCW6y2vBDBnW6XPwxL6plqbPW8ZxNTn6WSd3_N1pWYhv_c-tfW7smzGR4CfzBrW682JHj9c5zdGW41hhsb9fy2TKW2pFGxN2M8dcGW1JQmWz3vryCDW7fS0fC59LZ_NW5rXNcf39Bct4W96Mpkl2D1KJJW11JKjM5X1TgKVyMVsW7xBR3z3gdd1) Market Recap Stocks turned lower after data showed the number of job openings in the US came higher than forecasted, fueling speculation the Fed will find it more difficult to pause rate hikes. Big tech fell the most, while small-cap stocks held up better than the rest of the market. Oil prices and Chinese stocks rose on rumors that China may end its Zero-Covid policy. The Chinese internet ETF KWEB jumped 5.5%. And, J&J announced it will pay USD16.6 billion for Abiomed (+50.1%). This morning, stocks are staging a cautious rebound, ahead of the much-anticipated Fed meeting. Oil continues to gain, up 1%. Semis could find new enthusiasm after AMD beat earnings, although its forecast is soft. Chart Of The Day The US jobs report for the month of September, the JOLTs Job Opening, came in above expectations, a sign the demand for workers remains solid. Although the news is positive for the economy, it is less so for the Fed, which is facing the risk of wage inflation pressures that deteriorate the overall inflation outlook for the country. [job](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0t2-MJQV1-WJV7CgYfvW42llcy1G6zGjW841SWF6X5KKJW12vrDd6n1S3-W4HMlRC1JYwnCW6cgPcn8hfnwHVfgSgK31J71QW2-s2tB6fklW9W525R4Q1V9SMgW3yLRzL24VTcpW5r_pLM7VhrCJW1BGqwH1048GtW31BS973ZYkLtW3QPvfh5tWS86V93d5f6kT0rWW1MnX295_222QVkSXLq10-TrSW1Ysj-_2yW2-_W6mTLRq979BJq3mv41) FlowBank Blog MonthlyFlow - November 2022 [Outlook](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0t2-MJQV1-WJV7CgN70N5YNGF9PwN9cW8hdGwj8tzVwZMZmJlrMB1W0W6N8VcN745WHZW5npHC25qKkmsN20y-mYhfwwxW9fS-fW87Xnl8W1zy2b_1CnTntVFcPV56JRsf9W55g_4h1brmRXVRbDN48QT1DgW6bjbMK50ZjcDW1ZyHDq2n8JWZN8Xqdx0Q3zpjW1YfwwD2J4rSKN7t4rMG8VmjbW8jn-0y14N9T0W6s2XMv1ChksJ31mQ1) Pause and assess - Any indication of a pause in hikes, especially from the Fed, should boost markets further - Sentiment is extremely negative, which could support the upward move - Softness in labour and inflation data would be key for investor sentiment Read More [Stay on top of market moves with our LiveWires](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD092-MJwV1-WJV7CgBZMN8VJQv0DcXZZW2W1hTP5pcQDfN3FS-wG-h5d_VplgsZ1z09vfW8RJjPg5xKS98W3MPXzx6KwxRGW20kgbr4h2NZNW6dCQKQ1rrccYW69kFX65hxgdgW3P22GV3kx5DZW24w3zY7RXL_xW7012V62V9_R6W7dgvs_1_HrdVW1Q8jb515qcTxW4Kk3kB2xyr0mN4X-hNGz81R533gB1) [Don't miss our Popular Themes](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0t2-MJQV1-WJV7CgMRjW7dDjPq8r71KmW1Kt7T94M52XzV2LCs37hF9C0N73bpTJGkCxNVQcRvm1ws338W823x8b7pwsH9W49dZYD6hmPs2VHz2522y_Q2QW1qKxSl1vfr_PW5-MN938XPh69W95Dl9C4qy3vwW76R62z4p21h8W10HXnR6_JcYjW8RW4Lm7Y-8dYW8stZx116jf4ZW1CPqTF1_PzvgW2LXR7_61dBRtM5NldjVmckv3p3h1) [Read our latest Research](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0t2-MJQV1-WJV7CgzNWW8vfwQ03GL4bnW19b67S5hDf--W4DNl2Y50snmNW8NHQy88L0JxxW6pCqmv1YDqV6W7PsB4G3yLZgPN52nCBGW2YsvW6cppLK5NmcStW1gZLx42x1JN9W4vhTb78M3MqhW835Sm-4rWwlmW7zx2Qc4QTdNPW3Sm3md2xpjMgN11t172zTrSGW8J_4cx8b2bx8W2krnW15-TbbjVpQnhC6Rcf8pW6R_WM71HSVL23fwW1) [Follow us on Flow TV](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD092-MJwV1-WJV7CgRj7W32rw7c98LPqZW6XsVnT4s89MGW5-VYCY7CPRxMW69XYYH5kHD0-W2MdGvW4rv2R_MYM5Rc9jbhZW112jWW4tS4VGW3Bf1bc29lC6MW4PBWyp6RsbzlW2HnTtw4X5RxcW8-gW2W5cxmSHW43Nct77qkBzNW2k5J7m1dTG2lW64hxL_630mZqN2SDyVDMYDH1N91FnKkWRQJM38Zf1) [flowbank-logo-2022-green-3] Facebook [LinkedIn](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0t2-MJQV1-WJV7CgDH1W1_K1gm75Gyr-W1Ymd7s2pvh5NW6HQBd380k4-1W1mPBNY91HYz7W8_5n8P8yXG8wW3fsbJh85QLHTW7MSRzN5y3NbJW6_tR4936bghrW5F0hlw613pzRW189Tqj69nfZHW4rJfHV7HXnFmVDKxSt8Mq1-PW2wXKjf2yzdl_W1w8ysC7r0v9xW3xS6s33_mbpjW5c7W2X50zBGXN4lrfWYbXK00W71D33_4k-2FY3bM21) [Twitter](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD092-MJwV1-WJV7CgPryW8nCvcs2BpQRYW6CMj7w1Rlcv3W1HR3WW7J43QLW8q5h2K78WdC2W6vxjQf9bZcLKW43YYvX5ynT5rVQ8gd23MGsjfW8k-_d_6g0XGLW1xn38D3Q64kZW4KskgM95HJ1hW1k50hn6ZQLVTW4WqT0n7BB_c1W5ptZyn4lnzBhW4T1WV22LKBjDW1zpJSm81TSnyW8FJQ4Y3QhtrW3jhn1) [Instagram](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD092-MJwV1-WJV7CgS4pW1DC88369VkmKW4FvtM55h5-9dW9kkNWY15khBBN1VV4WxR_v37W8zLF7W2v1H0yW383yHD1gyQQzW5RbhKd7y9vVFW3fHrLK1PrCC8N9gn6Ns6y-MnW5SV21r1XQdKKW6C3ThW7wMw0NN2_1RXYz3zyXW3LZQCm5tjLB7W8fXmgF206nd3W4s1X7s755PDzW7Mx1HC6vZymd3d_L1) [YouTube](113/cXx8Z04/VWpYWX30FdR0W3KGqr64jZ1BLW76My974RV25sN7FnD0N2-MK5V1-WJV7CgzJ2N3l07C4gHHBTW4dZlDg8_4klzW3yFVRW5MG5D5W8qkQKC8Xs824W3TfB1V7LMQ-9N7n8Vjs45BZXW2_Wprl7TKzTGW1sxBxK2d8sBbW74HMFc5BH8sZMM2n1WVGNPmW5d7Bk31dWMsbW74vBHR1dqXf8W4k3KWr5B58WJW49jv4w4WLkwSW905PTR4KzNlYW1Dlhqn3q5g8fW4b24gf1j8kx_W6QmSFR7WrtZRW16jDjK2M9npgW5X-kGM2980-03nPp1) FlowBank SA, Esplanade de Pont-Rouge 6, P.O. 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