American Express beats 💳 stocks advance 🎢 FOMC, ECB, BoE 👀 Earnings: Apple, Alphabet, Amazon🔮 US jobs💰

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 [amex-iStock-458652307_uegvs4] American Express's stock rose 10% after the company released strong profits and revenue guidance for 2023 that exceeded expectations. The corporation also announced a 15% increase in its dividend. [Start Trading](113/cXx8Z04/VVDZRC5QV6JPVzY2yg4nXlVCW3rtmkr4WpPS_N3DlwFp2-MK5V1-WJV7CgFGCN6hT2FKXShKXW24Rn6d6W3FNZW1x4WZl1_XVJBW6q30ZN1qNLxJW25c0Ty687-CcW1NrRD84zkR48W6rQJc81vW9DVW7qSL-k346BmyW2TlCMC1XF6F4N6t_nG7qPK5_W1-wF1d13bMCNW2p052g6KKRHWW3C-J4H2-Zj2jW3YqrQT5Jvlk0W45Rpj53596MvW2kjlzS4Q3l82MWCwkpJplsHW562VdZ5SV2x_N5DKgTTlD6D2W4RN-F091GQWl38G_1) Trader's Corner In focus • This week's market focus will be on interest rate decisions from the Federal Reserve, the ECB and the Bank of England. Will the Fed continue to slow the pace of rate hikes in the face of cooling inflation? • Also, 3 top US companies by market capitalisation are set to report earnings. Apple, Alphabet, and Amazon, together with other tech firms will be reporting their quarterly performance, as do European banks. • Lastly, Friday’s US jobs report will also be in the spotlight and Chinese financial markets will return from the week-long Lunar New Year vacations, looking to resume up where they left off - at a five-month high. Economic data • Central banks' interest rate decisions: Fed, ECB, BoE • US Nonfarm Payrolls, CB Consumer Confidence, labour cost, PMIs • EU CPI, PPI, GDP, PMIs, unemployment rate • German GDP, CPI, retail sales, • Chinese PMIs Earnings • Apple, Alphabet, Amazon, Meta, AMD, Eli Lilly, • UBS, Deutsche Bank, Santander • Pfizer, Thermo Fischer Scientific, GSK, Merck, McDonald's, UPS, Caterpillar • Amgen, Honeywell, Starbucks, Estee Lauder, • NXP, EA, Ford, Dassault Systems, Sanofi, Exxon Mobil Crypto • Bitcoin saw a nice rally during the weekend, reaching $24'000 at one point. But price action should be muted, as traders await the US Federal Reserve meeting. • Silvergate, the bank with a focus on cryptocurrencies, saw its shares tumble more than 22% after it ceased paying dividends on its Series A preferred stock in an effort to protect capital as it navigates the present volatility in the cryptocurrency market. [Screenshot 2023-01-29 at 10.42.22] [Start Trading](113/cXx8Z04/VVDZRC5QV6JPVzY2yg4nXlVCW3rtmkr4WpPS_N3DlwFp2-MK5V1-WJV7CgJZPN65zq3-7qd7CN8RQbyZbB8jlW3rqQ7D4VYKZpW8JZNV17ZLyGVW1JHvWX5-mgN9W8GYlh_2s72lLW6Mm6tb73gnr9W3b7sRc7c-J18W1tZxxD2nfg0mW5c_nSD2b__tmW3P8MGX5lWnHTW2p_lG53HmzRWW2xz7z38YfM2nW2MwPs08QzQTMW1nHv4k4csJ-9W7PSq1_41JZR1W71G4ML70kXd0VNkmW_7j0ZQ9Mj8z4NH9qn-W99RwVZ3N5s2s329Y1) Market Recap The stock market ended the week on a high note, with the S&P500 up 2.4% and the Nasdaq up 4.7%. An unflattering earnings report and forecast from Intel (INTC -6.4%) and KLA (KLAC -6.9%), and an earnings shortfall from Chevron (CVX -4.4%) triggered some early pessimism. Nonetheless, buyers rushed in again to purchase the drop, aided by a strong comeback effort in the mega-cap area headed by Tesla (+11%) which gained 33% in the week after reporting record revenue. Elsewhere, Emerging market inflows continued at a near-record pace, the dollar continued to add small gains, and oil (WTI) failed to move above $82. This morning, market sentiment is cautious ahead of the latest monetary policy moves. S&P500 futures are slightly in the red, gold is edging up on the dollar's weakness and oil prices are testing the 79 support level. Chart Of the Day December Personal Spending -0.2% came in slightly below consensus, indicating a further easing of inflation pressures, albeit inflation rates remain too high for the Fed's comfort and will keep the Fed in a cautious, inflation-fighting mindset. [Screenshot 2023-01-29 at 10.26.24](113/cXx8Z04/VVDZRC5QV6JPVzY2yg4nXlVCW3rtmkr4WpPS_N3DlwF52-MJQV1-WJV7CgNzJW92X0ZJ2x161-W8kgryh7kv7jnW1vrkK48nKnkHVVr-jZ1hZDmsW7crf6l3k3DyJW7-bV82718K-sW8hwNgF46r1lRW41d8SL48l2t2W4GYR2G3v_SC1W1VZR0Q45t2x8W63KFY03RK3WHW4N53X35WP_ZNMClPfpw6VQ7W4r37T09jSP7sN76ZVNL8306GN4dq9BlFf4HzW123FYc5V94c_VKNyVt276KTD393D1) FlowBank Blog How Can Investors Gain Exposure to AI? [Screenshot 2023-01-29 at 10.16.54](113/cXx8Z04/VVDZRC5QV6JPVzY2yg4nXlVCW3rtmkr4WpPS_N3DlwF52-MJQV1-WJV7CgGjkW4k1zYr4fCWLZW3kq74J5kZxDWW8wrJlk66pWkcW785RYB7HSlp8W7yB_5j5Z1XWCW7KnK2C7kdD5PVmhYQm8DZ35QW6FQhJy34dV5DW7BRBSP1BhGTHW6jY2Pb2rwL9XW3W5SH93byjdCW4TLYXK8jndzrW78Fgfb40qFpzW78Mf0W8sBD7YW82j-8y7wzVGxW4dQz9j6nhSszW3YFXFn5my4cjN37XXB_Dc1-P3kQJ1) As the tech sector continues to evolve and expand, Artificial Intelligence (AI) has become a hot topic and one of the most rapidly developing areas in the industry. Gone are the days when AI was merely a concept in science fiction or a topic of academic debate, as the technology has now made its way into various fields, from manufacturing robots to home cleaning devices, and even social media algorithms and crime prediction in security systems. 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