Microsoft 'super app'📱Stocks fall📉 EURUSD x EU GDP👀 BoC interest rate decision

FlowBank's hand-curated fresh financial news [header_noDither] 06.12.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_1399366802] Microsoft is exploring creating a "super app" that could integrate messaging, online search, news feeds, and other services into a single smartphone app. This would be an ambitious effort by the software giant to extend its entry into the consumer services market. [Start Trading](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs452-MK5V1-WJV7CgQddW1XGQy291nqgcW7xmY9X4Yrp9RVm8ql68-ZcnjVPxy_t54Jc1SW2jC_-B4Byt4dW62jLkK85L_N0W7-dYYd5TTd89W84nLM21hb-wbW8JD0fl1T_XtVW2n578v4pt0BxW51swCD2kRWpRW8CkLV26MQbCbN8SQkw-X9TyZW30nXWQ5Jb46jN47mpxqdWzcGW7bbJrV5BhP-bW1K-h7F7t55kSW4xSTB18gqH3NW2Qm4Vx5mYg_WW4S8VyV34sjTv35C81) Trader's Corner In focus • Yesterday's sell-off saw the S&P500 get rejected at the 4'000 level and give back all the post-Powell speech gains. The question of the day is will the lows of yesterday (3'920) withstand further selling pressure? • We will also keep an eye on the EURUSD. Investors will get EU GDP numbers, providing some color on how consumers are dealing with high prices. Stronger growth numbers could be positive for the EUR. • Lastly, the Bank of Canada will be facing a challenging decision: raise rates by 25bps to support the economy while dealing with a weak currency or hike by 50bps to keep up with the Fed, even if this could hurt the economy. Economic data • US Unite labour cost, 30-year mortgage rates, Crude oil inventories • EU GDP, employment change • German Industrial production • Bank of Canada interest rate decision. Earnings • GameStop, C3.ai • Campbell Soup Crypto • Bitcoin ended the day mostly flat, trading in a narrow band between $16'900 and $17'102. The low (if not absent) volatility is surprising considering the selling pressure in the stock market. • Numeraire was the biggest gainer of the day, rising by more than 30%. Software Numeraire is the native token of a computer-based hedge fund with the purpose of predicting trends in the stock market. [07122022] [Start Trading](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs452-MK5V1-WJV7Cg-2kW6fZR9Y6SXWQVW7nrJZp8n3kTbN5m2nj4vCMxHW5zdxPD8QqVh8MYWy_TcYvFZW7SQS-L1Z9tFfVykbR68L5QHlVl3Vgx6gz_qjN8c5SqBdGYV_N6qXcfDzYlqsW2dnpRH6Gdyl8W6Ycxyw5gKPYNW824W7M3zn2LHW1Fn4ck8K662sV-w-5q4MqDk6W2PKDfk3W3T82N9bjlknLR2WNW6m6Lb48XsLyjW4-cKqc97w6CDW6QYbDh8QXsjG3pnN1) Market Recap The stock market retreat continued this session, carrying over yesterday's downside momentum. The sell-off was fairly broad-based, with the exception of Utilities (+0.7%). Price action in the Treasury market reflected a belief that inflation is going to come down, caused by a significant slowdown in economic activity, which also weighed on global commodity markets, leading to another 4% drop in oil prices. This morning, S&P500 futures contracts are steady ahead of EU GDP and jobs numbers. China eased a range of Covid restrictions with 10 new measures, but the market seems to believe it is too little and too slow. Chart Of the Day The dollar is seeing positive momentum. The strong ISM non-manufacturing has altered markets' expectations about how far the Fed could go high in its hiking cycle, which is likely to benefit the dollar. [usd](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3Q2-MJQV1-WJV7CgCtKW8152w11Twk5WW21cB0M2vXZz0W9hhTgb3FjxxLW3MDpTd44DfNkW7jCWdk9g1nvPW2Tv8Bd957YzLMkNMSKqrZMSW6vxWvJ5ml5BGW3bRRSm9bYDP-N6SXDj6v-nkhW6NH_Bh6f3WxPV_Nhyj2pvZSDW22tr1_1tFf0wW9f1XgB86q7HYW1L_pSJ7bLqP7W1L3SPv76mTZDW6Qn7YS7cVfrYW5s7jl75Lct_J38NJ1) FlowBank Blog MonthlyFlow - Overview 2023 [qwe](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3Q2-MJQV1-WJV7CgZW0W5JgnBS4SLVrNW4zcFJ25gN_T9W6Zb63y7tRht7W5kSmPl6PmFHZN3F2QzRX4brXW5-L7bh8qhm8SW1dyXSX8xpKknW59fGJx3sXX5PW3TswqR2nCDvdW4fh0CB3m57YsW3dJKKn3RTRjlW1fDLMP1XVgpfMZ6tLjQS7wxW8LCKZX2n_pXXW1NkFv41LlCgpW8cn8tP2y-f9pW3m_28r3N_l8_W1np7vD63YNgw38W91) 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 labor and inflation data would be key for investor sentiment Read More [Stay on top of market moves with our LiveWires](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3w2-MJwV1-WJV7CgZZRW4LTYCR1KgrxCW44_mwX8xh60VN8Rv_ZL_lj08W1Xdmqj8RzFtsW2zmSMD1FNLFnW2T25Ks4TqMc1W2FdDGv25y1VdW3tt8xP3KMrHMW2hBF515Md8jgW98y_Rk6B6lJKW1xBPCM4SP9NjW4C8Z164wHxZ5W5yGGMV53Tf3JW8Kp5Ps2S0NQnW2qj0-G629sfGW47blLh3ykNz735kd1) [Don't miss our Popular Themes](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3Q2-MJQV1-WJV7CgGV1W4ZCV562HgpN-W2GRNGN77x8YRVThmqp8r-SRsW2th13r7rKZXwW6f_M262LLl5HW2FsHSq8JSgz4W2RV9Xd6qybGVW8Mgqj843mL98W90ksvZ7cxYyRW2cDXmz3y4ZX6Vj46222DD6NrW73l2nR2-yXDzW4DsRfT417VcZW23_KpB8mnshWVGv-4s7B3V03W6Bqg8S729l_MW4GcDs62VhnB0VdttGN1cKyL4342m1) [Read our latest Research](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3Q2-MJQV1-WJV7CgC0FW7H2pJc3Tbz2xW8nrj434gb67nW42NdWF6PjPcgW871NHb3Ll6fLW7p6dWR85zb4JW1kz4Kp10cCFsW3qtQ_j8VdHhjW9d2Bgt82DtZgW3rgpck5zJKkxVNf4V82B88QMW13Dq1y4cJn-bW9lfQnx4C3v4YW4LVmqt39rSMrW23GX-s9ddPGdW2s5sw63rZp5pW2qDGhy50p4HBW5z7rnd5ZFhgPW9m3jhK3MR-qc32qL1) [Follow us on Flow TV](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3w2-MJwV1-WJV7CgL6_N8YTPQdMm6gpW3p4jKW6tfzfxW5gFXT14-kxHgW7tshBy5shSj_W4V250G1c3s5-W1-k9Lf1JsdHRW5QnRdH75P-RcVWRYKL8MX52VW536Smw99nJksW9bSBjJ82DkDBW6cn7fm40cQGNW6tP_x3671TmbW20SgML90M76xV2FfDq80-mFsW9jD4M03hX57CN6g1Cfh8yxM93lj-1) [flowbank-logo-2022-green-3] Facebook [LinkedIn](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3Q2-MJQV1-WJV7CgFTNW4Q1grY5dG7f_N3zTTcsLPGJDVdjfhS8nZXXpW5q5sM77v7hWsW6djNC65cnrPtW3Ys551127Rl8W53v0LG16rVStW4zybXj3xxhtHW7mzgbz3_cMqpW8Cqpg-5LbLLDW8CzsGh6VxfrLW4HwfpP8PDd_WW4918mP7qFLtKW7Jdsz624w4kBN5KC12N5gbgXW1Bsxvd4M54RmW4KJ5NB5mrLhjW6k78Z26_rNWq3jXH1) [Twitter](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3w2-MJwV1-WJV7CgDMqW7VXD5J5Nt07_W6wWjpn6Yn--kN7D8HDWg7qcVN1QVtzG-pq_VW2b2rS14XVwCyW4s_X2f4Fs1hHW1GP_vJ51YsQ9W51MpVT1Db15yVyLkNR3DpC34W2kyCgY8LBly5W3Dq_hk4mW-3dW3Xw-LR38TzlfW1Q1VV76splQSW7wgSdh3g1NwzW1tFZ-d3SYk8hW77rf-B6kvgMf390V1) [Instagram](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs3w2-MJwV1-WJV7CgPpsW8bQKFv691K3yW6RZDGQ9fnr_7W8M5PPL8VQYKGVV8HLf3Ks88ZW5Xx1821g0FcdW4kbmtd4D-pNvW8ld3lW54Q3BtW64jRYh1dpLsFN5rhLn8cGtHsW3LP5vD1Mg5QqW6Tm-7z2JZz7qVgJCLS3Nkf_7W7znWT55WMZKfW3wqz-k2tdf0HN1GTqF63RMNzVHGjD16GY6vx3c221) [YouTube](113/cXx8Z04/VWgPq49lHKd4W40gMPv5yP48jW5wYw0_4Tg2FRN8hWs452-MK5V1-WJV7CgNvmVNnjCN41lDG0W9f2Xnd2S4ZByW1V4FYV2FZV3MW3gTV023Z4sggW6QLrBD5JFLX4W3DFrmz4bnft5VgTCV445j-P4W5cw6NM6Zjjt4VgMM2J6zhJQ9W770pGk1ysNFYW8KS-BL2kL9TxW5wMhrg548LnwW3jdgP97Kbsd9W3zbkVR6R5sbkW2Sl8md5NW_kmW501-Nb4-pHxdW3TcJ466NRtwVN4TXQGvTczwjW4GZlnd1ZznqBW6YZ66p6zpnRJ3dm_1) FlowBank SA, Esplanade de Pont-Rouge 6, P.O. 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