FlowBank's hand-curated fresh financial news [header_noDither] 26.01.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [Tesla main] EV maker Tesla gained 5.5% in late trading after it reported better sales and earnings numbers, with total deliveries growing more than 50%. Regarding future demand, CEO Musk added that recent price cuts have led to a surge in orders and improved the demand outlook despite increasing risks of a contraction in the automotive market as a whole. [Start Trading](113/cXx8Z04/MVDW7z8qh3YW5G7wqH1y9WsMW7CpFKy4WfcjdN3tskDG2-MK5V1-WJV7CgHbyW96DGpB6NpdGWW4JYJkq3glBwgW2z9Xdn1VFfzPW26KvWf4lPFKBW8-rZrQ3Pdqq4W28vy426jmYDzW14ZCBh8H8Z4YW4-Cvxk4VzCwYW5TwWGP5bnD-YW4TCwGq8JhHgSW7139hG8LnfKFW10bP7c5NXnVRW66cYYy6dPrkqVvSvSJ3czXRwW29RqhY37DLZMW5gDBkt1bBRzPW18HfLT3FqxzPW7PgW2M6LxHt0W1FsJhY2pB1NcN6Fqq0cCcmd23pZV1) Trader's Corner In focus • A wave of US macro data will be important to watch, with 4th quarter GDP and durable goods order. It could add volatility as traders look for cooling inflation and reassurance that the economy can land on its feet. • Traders will eye earnings from large companies including France's luxury powerhouse LVMH, Mastercard, and airlines. Visa and chipmaker Intel will report in after-hours. Guidance and margins will be key. • Lastly, looking at technicals for the Nasdaq or the S&P500, the two indices have a close trading range in place. We still do not see a clear breakout from their descending pattern, and no reversal lower either. Economic data • US GDP, goods orders, jobless claims, new home sales • Japan CPI • Hong Kong market reopens Earnings • Mastercard, LVMH • Southwest, American Airlines • Nucor, Alaska Airlines, JetBlue • After-hours: Intel, Visa Crypto • Despite the hefty losses across the board, cryptocurrencies like Dogecoin and Cardano have still enjoyed a strong start to the new year. • Insolvent crypto lender Celsius is reportedly considering the launch of a new digital token as part of a plan to compensate its creditors. [Table 26012023] [Start Trading](113/cXx8Z04/MVDW7z8qh3YW5G7wqH1y9WsMW7CpFKy4WfcjdN3tskDG2-MK5V1-WJV7CgL8tW9bvWn82KVtWjW6WD7vD6Lm-ctW82WCHK2HH6MtW4SgTTV24mPw7W5-P36J4d4Y2LW5Bxm6q4ZGsN2VqCp2Y3XJ3ccW8kdkxw4DpVMTW89DKJv7Cj0cwW43qtVz158hd1Vd4f6_30fmxnN7DsBZ6jXg06W3T7t7q3L0M9FW12dTmW33jshfW2NwdjZ94F9JwW4qkb8w1vz6xCW48z--N76Qj6KW8CDzsH731d3hW3YzR_93kJsvGW1Cf_9l1-P3K13gSR1) Market Recap Market sentiment is stuck debating where we stand between on one hand the rapidly deteriorating economy and on the other, the perspectives of central banks perhaps soon ending their interest rate hiking process. On that note, the Bank of Canada hiked by 0.25% to 4.5% and hinted that they are done. The S&P500 closed unchanged, rebounding from its selloff on Microsoft's soft guidance. Gold advanced 0.6% as the dollar index gave up 0.25%. Oil and the GBPUSD pair climbed 0.5%, supported by dollar weakness. This morning, S&P5000 futures are sharply higher, zooming past previous session highs of 4'040, which remains a key level for bulls. EURUSD and oil prices are set to see some volatility upon the release of US GDP numbers. Chart Of the Day Stocks, in particular tech stocks, were under pressure after Microsoft (MSFT)'s poor guidance disappointed, despite slightly beating on EPS. [Screenshot 2023-01-25 at 09.55.14](113/cXx8Z04/MVDW7z8qh3YW5G7wqH1y9WsMW7CpFKy4WfcjdN3tskDm2-MJQV1-WJV7CgCC3N519mJBZkMxQW1D040615RvStW55xyzY3xjSW2W3YDNwQ92r16nW71D49f3QPy87W2bBClB2pFCBHW7W0x4v6rslLkW8PWShW3Mx_wgVYCB6n60QJhRW5S9YVb2t9KMSW5q9-X03d361XVLDMsm2BZSH0VNDpys1DqRLcW8mnQ6F3xJ9KjV3bkKl3QtSkMW1dkkMl18nKczW49m-Z_1SJ4x4N6kc9l-XG4dl31d81) FlowBank Blog Riding the Emerging Markets Wave (India & Mexico) [images](113/cXx8Z04/MVDW7z8qh3YW5G7wqH1y9WsMW7CpFKy4WfcjdN3tskDm2-MJQV1-WJV7CgK5ZW4RvnQM8H2Vx4W7CXNxZ5hGPgKW4xYNgG5DzjrkW3zcDVD6DwDW1W1dBLTq2PHPr5M7-wvMF99sYW32WYWK7Q_B-tW6Kzf8v78Yn09W3tx_g95JGxHbN5YgYDpH-LB6W6kKpJT50cYLkVcMX4w3qYVqtW83zPyR6FSMDJW4cnJ1P2-yClcW1LZn4W990XjGW17Nf415WpqKPW4xRM_J1JMnLyW58w_9m305-JG3bl71) 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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