Microsoft x LSEG 👍 Stocks gain 📈 US CPI 👀 Oil rebounds 🚦 EURUSD 🎢

FlowBank's hand-curated fresh financial news [header_noDither] 13.12.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_784084954] Microsoft, a major player in American technology, purchased a nearly 4% interest in the company running the UK stock exchange and announced a 10-year collaboration with the London Stock Exchange Group. The relationship includes cloud computing technologies as well as next-generation data and analytics. Shares gained 2.9%. [Start Trading](113/cXx8Z04/VVCG8P6xNn7zMWxj-c455vLW95j2m74TvWKVN3kz7CX2-MK5V1-WJV7CgGzTW8ClJGt5TqF2tW50w5NH4tdtHdN63GGblk4T1-W3q8__87XqGssN8xXQCVZ2N_gW4qn2Zm661H-lW2Ld7MT80--f5N6RDcstsN3pmW4F_25731lzd1W99yKLl8dPWpdW45_9sP61j-PBW4Yhc6X6DZ0J2N2N_GD1rn8LnN4XR0bQwlcgQW18kSyb1hkCwnW497fYM3wd7ssW8Vchjg92dBLJW96pXrT8n6BtNW5X5cx32wfbXmW5l2vks5FnpzT35M-1) Trader's Corner In focus • All eyes will be on US consumer price inflation figures for November. The pricing trends of core goods and services will be closely scrutinized. Hotter-than-expected CPI may increase concerns about future Fed hawkishness, pushing equities downward. • Oil prices gained some ground yesterday on supply uncertainty. WTI Crude prices raised by 3%. We'll be looking to see if bulls continue to purchase all the declines from here on out. • Lastly, the consolidation phase in the EURUSD is about to end. Traders will be on the lookout for clues that might signal the beginning of a new trend. The US CPI reading might act as the catalyst. Economic data • US CPI, real earnings • EU ZEW economic sentiment • German CPI, current account • UK unemployment rate Earnings • None Crypto • Bitcoin is back above 17K USD this morning on improving sentiment, ahead of CPI today and the Fed on Wednesday. • An Arkansas energy provider is sweetening the deal for crypto miners in the state with a special tariff to keep costs down as the industry faces compounded challenges. [Screenshot 2022-12-13 at 01.40.09] [Start Trading](113/cXx8Z04/VVCG8P6xNn7zMWxj-c455vLW95j2m74TvWKVN3kz7CX2-MK5V1-WJV7CgYDmW5CvvS-3Fjkr2N30yz8lT0hgxW2-nMlC77cvZdW2bN_1b1t50k-W688GPl7nh0_5W937Nf9478dz6N4CZ4vFYvLyKW26lj9g3zyKdLW4GzQ4s4kPqylW3jgsfr8fSbZQDHQ0S6vd2zW8_VglH4Cj-V_W66LCSh6K09f4N1lzMqjhVH-4W90bZl_5rPW2MW3Vl5qT5MnvqbW6TJL0F8mFZHBW3tfcrz5FV4BfMntj42_64_hW5YNM3l88RFHp3khS1) Market Recap Stocks finished strongly bullish on the back of some M&A news and a New York Fed released showing a reduction in median inflation estimates for the one, three, and five years ahead. Energy (+2.5%), information technology (+2.2%), and utilities (+2.3%) outperformed. The fear index (VIX, +9%) jumped to 25, showing heightened hedging activity ahead of the November CPI and the FOMC announcement on Wednesday. US yields ticked higher, the dollar gauge held steady, and oil prices climbed, bouncing from oversold levels. This morning, S&P500 futures contracts are steady ahead of US CPI. Some Wall Street analysts are hinting of a possible surprise to the upside, but market reaction could be subdued. Oil seats at a 1-year low. Chart Of the Day The CBOE Volatility index (a.k.a fear index, VIX) shot 9% higher yesterday. Stocks which in general tend to go in the opposite direction to the VIX index continued to climb. [Screenshot 2022-12-13 at 01.42.35](113/cXx8Z04/VVCG8P6xNn7zMWxj-c455vLW95j2m74TvWKVN3kz7CD2-MJQV1-WJV7CgSJ-W4l520m6lWRmjW133smJ6qsY4kW8-9k_467_w92TSC1z21nj9LW3rj_B64fYr1WW1-jHqd7NxNlTW67rQPn63n4_LN8bTV_2-VzsVW1XrWfZ2pvxjZW5Fnb6K29c3P0W8-Rmv85dMLylW4fHYXW3GYF_CN3834Cxjf6gsW3KS0_Z776SN5W4c5bXn5txdPFN1MVFph7YLVkW3Mmh_531yldmVkTHHm2jfRzk354M1) FlowBank Blog Is it time to buy oil? [shutterstock_1212558040](113/cXx8Z04/VVCG8P6xNn7zMWxj-c455vLW95j2m74TvWKVN3kz7CD2-MJQV1-WJV7CgByRVKPyWk8n_j3VV1-ctm20B_PGW2CR8Wg45mmqfW5YXnKQ1tVmvpW2jMHmF5btZd9W4YKkCb50gFMmW823cYk1--PZcW7G3Nv378kRT5V8Ywxt7Kx-1nVm5BJc7mQDdYW1LqHkf4L2yN2W3Y7S853pKJXhW8RJBtj5V_vDSW6JB8cl6RS93fW2K1D6L5rfFYjW1LYJ0m6LyvZbW4FjsFd7ZN22sW4h_GH213kgy036d61) Many traders have been caught off guard by the drop in oil prices, which has reversed all year-long gains. What is causing the price drop, and what are some key support levels to keep an eye on? 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