Meta bounces ☕Stocks advance 🎢 Disney earnings 👀 EIA & oil prices🛢️

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VVSXmZ1GYf4rW7DTWHC5pppkVW5ZD33c4S5WBsN4-lLfZ4Zjb_V3Zsc37CgT5WVLMPT834Xj7gW6gclss8F7sJWW44bF9W4Q0GbDW1J3z_l8yM41NW2d15yz271RNPW8k5Ldl6r98s3W8Ks9Lf93byrmN2DhGMqd-0NfN3cHSR3QZSZnW6Lw00y6ZHxB9W6NXmTD7NG_ZKW2C2CbM3B9lG7W7Njy_B5GBx2BW1kk1v24y3D4PW94Qdnm5N8fLBN4kPbCx41FCqW3B3q_y9kbKdqW5pBDMl4fJNc0W6fcZ6z3895DxW2JyNsw1bfnkZW7ZL_c133Vl3JW5-zxll4bQZ04N57cS2z3nYYnVmM3VJ7KYq8NW3tphLn5XJV78VpYKhz2w9fkkW80SgMN4rlDHjW2dVNnw8Ns9m0N426XqL4V8MvW2zsxLl1GjPrdW5fs9Qz94QR3gW9kQvLT60cg4tW1SfjDS1qD3rbW5gtKp82mlNGd3nc71) [header_noDither] 8.11.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_2065574948] Meta rallied 6.5% to lead gainers in the Nasdaq after a report that the business will start letting go of thousands of employees this week, lowering costs and increasing profits. The news boosted sentiment for stocks, as traders expect stricter cost control will juice profits. [Start Trading](113/cXx8Z04/VVSXmZ1GYf4rW7DTWHC5pppkVW5ZD33c4S5WBsN4-lLgf2-MK5V1-WJV7CgWHYW8s0L801wvR0VW7WCqKv3Vk0zHW93lHKk8FJQZtW4C7Vp_4dZCFrW1wPqVC10_90rW1_Pfq73sKbV5W517DLZ5XnxfkW2VqhnK4GK2MVW8gKS8P400lsHW8TWDXJ97hghVN6NYnmz7rmRxMdcrnBh-xP-W3Z0mWX7q6z_BW4QB9m88ZPZVTW5LbTdR7ggS9WW3z8WCH5sb4qYW20RhgL6W1hPwW4x7z4z7hDfvGW2r-Cn598hy5KW3FC1__54g2VV37ny1) Trader's Corner In focus • Traders will be watching whether the S&P 500 could hold on to gains ahead of this week's important inflation reading (US CPI). The level of around 3'900 is the next major technical resistance. • Investors will await Walt Disney's earnings after the market close. Subscriber growth numbers and outlook will come into focus, with expectations high, given Netflix published very strong numbers. • Lastly, the EIA short-term energy outlook could reveal some insights, adding to volatility in oil. WTI is gaining momentum and is approaching its October highs. If it fails to push higher, a pullback could be in play. Economic data • US small business optimism • Eurozone retail sales • SNB Chairman speaks • EIA short-term energy outlook • China CPI Earnings • Walt Disney, Dupont • Norwegian Cruise Line, Sunpower • Carlyle, AMC, OXY, Marathon Crypto • The token backing the speedy layer-1 blockchain Solana fell 12% over the past 24 hours amid dwindling NFT activity. And, that is despite news that Google Cloud would begin running a Solana validator. • Crypto exchange Gemini announced it had expanded its offerings to five more European countries even as crypto prices suffer from a prolonged slump and increased regulatory scrutiny in Europe. [Table 08.11.2022] [Start Trading](113/cXx8Z04/VVSXmZ1GYf4rW7DTWHC5pppkVW5ZD33c4S5WBsN4-lLgf2-MK5V1-WJV7CgCkNN3gXckGb-ZnbW5n5yZz8bZXx0W85BLRF1grXmmN4Jd2wQyfP0KN6hRqPj5BQWyW2w_bs78mxJwkW4345Sj1sF9G3W1pqcYC6JNcVGW4Bh7jR2FWPHRW2lfKwr6bF-VZW3xn_1b2pd0Z4W4BGMpj8FJk4VN3MNK7t9Zc_ZW6fFBTW49YXN3W6-40qj3D-gWLW7lT2H25jTyb_W4NWZDJ5dVmDRW4z9ZZN6LkbtXW4fVZtr5S52PdW5jC7jJ6nhYHx3n4l1) Market Recap Stocks indices advanced as a rally of more than 6% in Meta was positive for the overall market. Nonetheless, gains were limited by poor performance in Apple (+0.4%) and Tesla (-5%). The iPhone maker lagged behind on reports it will cut iPhone production on weak demand. The dollar gauge extended losses on a stronger euro and pound. Even a rise in T-note yields couldn't offer much support. Hawkish comments from ECB Governor Villeroy de Galhau were bullish for the euro. While, the pound gained as the UK is preparing to raise taxes, and lower spending. This morning, markets are cautious ahead of the US midterms Elections results and inflation data on Thursday. Oil is pulling back slightly on demand concerns as Covid cases in China surge the most since April. Chart Of The Day The pound sterling rose versus the dollar as risk sentiment improved and UK Chancellor Jeremy Hunt is expected to announce GBP60 billion in tax increases and spending cuts. [gbp-1](113/cXx8Z04/VVSXmZ1GYf4rW7DTWHC5pppkVW5ZD33c4S5WBsN4-lLfZ2-MJQV1-WJV7CgzG5W7tvpmc70lXq3W7pw29Y2ly3L4W3pBFZJ3TRL76W8WtXjm5JpGRRW8pPcdx6n6vy4W556FY38DDcMNN1F3YPk_NmxPW41WFlq3H7hCXW6P1yGM3HB9y2N4bY99Gm97T8W83-Yqn8MmXKmW6Rz4mH44WdW_W19DvP74xFJPMW7gy4WQ2SVhpqN5npzQr8Nn38W546lsh5_-53YW7j2ssj2fGDMxN8W0dX7_6rTJ3gg11) FlowBank Blog Gold jumps to one month high [shutterstock_2002097396](113/cXx8Z04/VVSXmZ1GYf4rW7DTWHC5pppkVW5ZD33c4S5WBsN4-lLfZ2-MJQV1-WJV7CgVJmW3tlzJN7YpWdFW2WfmQz5kjxkFW1SpCtL49TRKLW6TSV6C3BPJ5SW10KsPl3RswQsW23zxsr14pGfQN26_dDP4-gzGVqbWfM10b4zKW40hZQJ78chBtW8YDPCb8C85GzW2J9-xm3mcM2zW2pLjCr5rl4fdW3SjkF34h11mjW8pp8CB5hQS_LW9fyfJw2t6T-sN3xRF8t_GgCGW8jf0pB3NvZjXW8zXGfV7KQ_-H33V-1) Gold has been trading sideways or down for almost two years, while inflation is at multi-decade highs. Why are safe haven investments and so-called inflation hedging assets performing poorly while global inflation is reaching multi-decade highs? 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