Microsoft mixed bag 👎 stocks struggle📉 S&P500 👀 Earnings: TSLA, BA, IBM 🔮 EUR & GBP vs USD⚠️

FlowBank's hand-curated fresh financial news [header_noDither] 25.01.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [aperMicrosoft] Microsoft shares fell 1% in late trading. Despite the earnings beat, Microsoft's cloud business continued to slow in the quarter. CEO Satya Nadella said he is optimistic about future growth, adding that the next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform. [Start Trading](113/cXx8Z04/VVTWln1L0z8rW7QFB114-jR5lW1-ywb14Wc44NN4-lLgf2-MK5V1-WJV7CgFyrW3JwgBt8dswKZV8t_7g32nmTBVZL-Mj3YNk1cN7yc7M2gfyRlN1-WbpG-XBgZW5rNYMb63BtdZVZ6Lnf8wp2fxW7Cvh-Y4_CtRQW2SfbLB3Qq_rwW93PXST3F3dbmW1SJWdm6XV9rYN79QnV__R8hWW3qfNB68GVCC6W3gdphR8TfWCBN8fYHpnw-B0-W7W1b_B8LHDGmVjzFpW7xy06sN2xvqRrGLGCWW1_gpVn50dRJxW4tV5x52F9Wy833q91) Trader's Corner In focus • Stocks fluctuated, with the S&P500 ending little changed. But Microsoft's weaker-than-expected guidance is triggering some profit-taking this morning. • Markets will be monitoring earnings from major US firms, notably Tesla, IBM, and Boeing. Margins and guidance will be closely scrutinised. • Lastly, forex traders will keep an eye on EUR and GBP, which both weakened against the dollar, as the growth numbers disappointed in the region. More volatility could be ahead. Economic data • US Crude oil inventories • German Ifo Business Climate • UK PPI Earnings • Tesla, ASML, AT&T, ADP, IBM • Abbott Labs, Boeing, EasyJet, ServiceNow, CSX • NextEra Energy, Freeport-McMoran, General Dynamics, Wynn Resorts Crypto • APT, the token powering the layer-1 blockchain Aptos, has been on a tear year-to-date, gaining as much as 58% over the last week alone. • New rules in Europe may mean that financial institutions must hold more capital if they plan to buy cryptocurrencies. [Table 25012023] [Start Trading](113/cXx8Z04/VVTWln1L0z8rW7QFB114-jR5lW1-ywb14Wc44NN4-lLgf2-MK5V1-WJV7CgDDdW88SJxl8XQXbPW3xKRdB5QS27RMR8VCLLHc4rN66HQPVBKcrGW7MkBGm3LR-k6W1J9D0Z72kZM4W7WLFhH6FsV4mW1jlCnF9hX5x4W11n8X61NJRr6W6wqtB71nfGJDW27g2R78HKlQDW85wVN91w6_yvW6Hzzd13LzTZSVkd1Yz7nY9VxW5fjz2W498VnGW2hvCKP5qjDvjW76Wmn127thXnVJVphw4FQHmJW2JnRWC6hqwdlW96p-xg7wM1mX3jwx1) Market Recap US stocks traded mixed on concern that market expectations may be too optimistic about Q4 tech company earnings. 3M (-5%) and Union Pacific (-3%) dropped after reporting weaker-than-expected Q4 operating revenue. Alphabet, too, was down more than -1% after the US Justice Department filed a lawsuit against the company regarding its dominance over the digital advertising market. The dollar saw some buying early in the session but pared gains as treasury yields edged lower. And oil prices pullbacked as markets assessed the global growth outlook. This morning, S&P5000 futures are sharply lower after Microsoft, the world's third-largest listed-co triggered a slight shift in sentiment after setting of growth worries. It's a mixed bag and there is profit-taking. Chart Of the Day EURUSD is showing some weakness after its solid rally since mid-November. The weaker-than-expected German PMI reading points to softer growth in the region. We will be watching if the 1.0860 ascending support line will hold or give up on further selling pressure. [Screenshot 2023-01-24 at 15.02.03](113/cXx8Z04/VVTWln1L0z8rW7QFB114-jR5lW1-ywb14Wc44NN4-lLfZ2-MJQV1-WJV7CgXS7W7W5WgZ2pwpdqW7jzYDS5NtzvJW3-zrfw6QMn5WW6sQ8s-4yHcSmVDQ9fN2CrZN4W4C279Y34dn8MW7ct_kR6ZQJJYW5BQZvh2H73kFW81K8fX38P67xW472x-44yVpP_W6Jy-Y97MvHRdV8Fw-P8FtBm2W65t9TN6kShXZW8Q74tq298sc0W3pSMSb52sDCRW2t8kYG2Sm5qnW607pt67wxGsRW1Xg13V7P-43T3fG_1) FlowBank Blog Riding the Emerging Markets Wave (India & Mexico) [images](113/cXx8Z04/VVTWln1L0z8rW7QFB114-jR5lW1-ywb14Wc44NN4-lLfZ2-MJQV1-WJV7CgFSPW9fx-3J2V9hbLW45FcGd2gdzv6W72NwpM7Czb3PW4RgxtS716JmkN45ySN6bpZrsW996n5V9cfj14W3b933K8plswpW1bVgnH8bFg7tW51fWF97CRdQgW91Qj7f7lR2f7W7ZYCbk4LCVHgN3K4qZjn2bkZW2W9ZZ61xh4qwW1--3td3wtSP8W4dNbzW12b1ZZW78pbrd2nCfKBW84Tj2756jxzCW53_pn_3QcGnr3qqy1) Investing in emerging market (EM) assets is a topic that is recently gaining traction amongst investors. We believe that EM assets stand to benefit from particularly interesting tailwinds in the short term and could outperform those in the US. 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