Mastercards disappoints 💳 stocks advance 🎢 US PCE index 👀 Earnings: Chevron, American Express🔮 EURUSD 💰

FlowBank's hand-curated fresh financial news [header_noDither] 27.01.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [f4e8d13a-e575-11eb-b32c-f876157e8ab9_1626883462575_1626883474669] Mastercard came under pressure following a weaker earnings report. In the last three months of the year, the second-largest payment-processing company saw purchase volumes on cards rise less than predicted, indicating that unprecedented levels of inflation had begun to dampen consumer spending. [Start Trading](113/cXx8Z04/VX2QDR3lFjB8W30XQPb1FjLYxW78L4Hk4WhmVDN4KxWLZ2-MK5V1-WJV7CgDZHW59tTMt2RH_6sN7dnLc0MSdMdW2cKJfG4FzyClN61DrVwlZPSLW75-sBG2q59XTW4Ln22C7Cch_lW8T9dFG8xMn5SV3xzQ38g7wlbW5ZbkxS60q9yCW2Mv29n8z4XvfW9kFSgm28LKC7W3LCnkX2cLXZqW2z4Y-y7kqLSvW3NsPVx7Y2D_cV5hKsm2VFgjNVHtd974GPQmGW55b_pd7h5c2WN3sWdjM4bTTJW1S1qGW1dT-h0W8YH1k75yNK8C35591) Trader's Corner In focus • Traders will eye the much-anticipated US PCE, the Fed's favourite inflation measure. There are concerns that the last major inflation report before next week's Fed meeting could bring unwelcome news. • So far, earnings have been positive, and investors will wait for additional reports to confirm that earnings are resilient, despite the negative news. Earnings from the mega-cap oil company Chevron will be closely watched. • Lastly, currency traders will keep an eye on the EURUSD. The dollar found some buyers following stronger US growth numbers. We will be watching for how long the positive momentum could last. Economic data • US PCE, pending home sales • ECB's Lagarde speaks Earnings • American Express • HCA Healthcare • Chevron, Colgate-Palmolive Crypto • The largest crypto, Bitcoin continued on its upwards trajectory since the start of the year, zooming past $23k on improving sentiment. • Web3 startup Spatial Labs has raised $10 million in its seed funding round, led by Blockchain Capital and backed by billionaire rap artist Jay-Z’s venture capital firm Marcy Venture Partners. [Screenshot 2023-01-27 at 06.23.00] [Start Trading](113/cXx8Z04/VX2QDR3lFjB8W30XQPb1FjLYxW78L4Hk4WhmVDN4KxWLZ2-MK5V1-WJV7CgVsYW5BVrLz4JDTGZW1y7K8t3ymg47W1BHZqB3-rb6GW6M1sjQ6QvBJTW61-6sh6ZH5ccVpFZ2c2cvSV9VMrXSt1y95ZpW5KlxKX3nGcVzW7Ztgc9181Fd2W2DfptG7P8CGhW852ym65hL6nJW6MK3NB7lWZ8NW6cz1N_8F-SPyW6ktLdq6Dx9qMVcrkxh7C0-77W7ps2ZX5CF6QHW4S-TNR6jmDfyW4CrtNg1tkgg4W52jkQD1VTRdCW4WPgy73WrHSn3nbw1) Market Recap Stocks jumped at the open on the back of solid corporate quarterly reports, particularly from Tesla (TSLA +11.0%), as well as a slew of good data releases in the US. Chevron's (CVX 187.79 +4.9%) massive $75 billion stock repurchase program announcement also added to the positive bias. Better-than-expected economic data from the United States, which is hawkish for Fed policy, pushed bond rates and the dollar higher. And a more resilient consumption environment was also supportive for commodities; oil prices gained more than 1%. This morning, stock futures are slightly lower following the Japanese Inflation report, which showed prices continued to climb in December, reaching 4.4% YoY. And the dollar is in the green, supported by rising yields. Chart Of the Day The USD GDP report came in at 2.9% QoQ and stronger-than-expected, reflecting the strength behind the consumer appetite. This also highlights the difficult decision the Fed will have to make to continue to keep rates higher for longer to cool down growth in order to avoid losing control over inflation. [Screenshot 2023-01-26 at 14.35.29](113/cXx8Z04/VX2QDR3lFjB8W30XQPb1FjLYxW78L4Hk4WhmVDN4KxWLG2-MJQV1-WJV7CgWZSV8F00F2yB_2nW667FSL5xKQv2W3WDXDn3-LpqBW8tX11J5zxN-_W8R3ZrK6K8nnqW1qdTdn8qwxj7W6b5XlB6dKmJjW6Gh_Nv6Yv1_3W8PTYLv5xhx1vW5zmlhQ8Wg4VbW76kzqH13t6-hVMk0M667gl7sN8PFk_j-3L__W8NycpN92qqh_W8j-Td82stDlpW4vkm3G3HZc0wW4NfNzS8HdbZCW7qcmHD49yywK3j8y1) FlowBank Blog Riding the Emerging Markets Wave (India & Mexico) [images](113/cXx8Z04/VX2QDR3lFjB8W30XQPb1FjLYxW78L4Hk4WhmVDN4KxWLG2-MJQV1-WJV7CgHtRW8vPDrc85c15tN57S_YZTWlr8W7v1CnG6s_tLVW8hsZLg5bylhZW8RChrb3gBSWRW1Jq_H01kwTR-W2QfJy51m1Z71N73y4rZwt1qqW8Zgg8C7_5jdgW5ClPSr2RmJc7W5qsPrB5Gc5TFVgZZYk7VPNnNW5hJnXs64-MCDV3sKbj4fPDlvVf--1d3MGjBgW3HFfyl5JYd3PW7jHZpV7y_zf1W57WT8n85dYyH3p341) 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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