UPS beats 👍 stocks climb 📉 FOMC x Powell 👀 Earnings: Meta, GSK, Shell 🔮 EURUSD 🙈

FlowBank's hand-curated fresh financial news [header_noDither] 1.02.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [im-713005] UPS climbed 4.6% as the logistical behemoth exceeded profit projections amid sluggish sales. Investors applauded UPS's efforts to reduce costs and cash flow. Additionally, UPS announced a new $5 billion share repurchase authorisation in addition to increasing its quarterly dividend from $1.52 to $1.62 per share despite the difficult revenue environment. [Start Trading](113/cXx8Z04/VX8t3B4LMbkwW25Hf_Z8cTSY9W58c1_74Wv4FxN5j5FPX2-MK5V1-WJV7CgTvLW1TnnKX5NVpW4V6jp_Z7VTS1rW3lLhjr1nrkb6W6ffCWG4LlRmKVzqR6r2n15CSW4ZNlbt6pSMGYW819mQq3B-kbKN5NmWGB1cLw2W3S2QGh7zl92TW3Fr_tM3nHDCRW39QBqb3V1516W52Mk-z8p3wR6W8b8ZK115tFlDW5nH-7m35_H1bW21rD9L124tKqW4rZsKt813_mWW1YBc_j32TyYcW8N67193H79Y2W2gYwBW3Y8lJBW23JP7l61LByt3cq61) Trader's Corner In focus • Today's focus will be on Fed Chair Jerome Powell's post-policy meeting press conference for any clues on how much higher rates will increase and when authorities may consider a pause. • Traders will also keep an eye on Meta's earnings report to see how internet advertising is doing. Meta shares recovered in January, but analysts expect problems to persist for the rest of the year. • Lastly, currency traders will be laser-focused on the dollar. EURUSD could see large price swings going into the FOMC meeting. Economic data • US ISM PMIs, JOLTs Job Openings, ISM New Orders • EU CPI, unemployment rate • German PMI • Switzerland procure.ch PMI Earnings • Meta, Shell • Thermo Fisher Scientific, GSK • T-Mobile, Vodafone Crypto • Bitcoin price recorded a 40% rally in January on expectations of a Fed pivot due to cooling inflation. If the Fed goes with a 25 bps rate hike and Powell hints at a dovish approach, Bitcoin is likely to cross $25,000. [Screenshot 2023-02-01 at 07.26.43] [Start Trading](113/cXx8Z04/VX8t3B4LMbkwW25Hf_Z8cTSY9W58c1_74Wv4FxN5j5FPX2-MK5V1-WJV7CgH2yV2vcqQ76_qbrW6mhLr87JW7SKN1XlkRH1zf5jW6pK2206JlHfWW4VwSJZ730-sJW8r135s3gTZ0KW8-z17N87bxX3W817GnL5NDd7JW8jyww_7G0pP9W1zSyQN6SMcJ5W89wH_l3vjCKVN4dq4JnfnJ2FW586rTl55QffrW7cdr536nKC1HW627d1K7lvyjgW3pHl9x57gBY4W4wx17D6N8cfvW5lS6Cn2VXCzKW3Cfjsg26srd2W4jtKqn2wkMhB3kkm1) Market Recap The S&P500 opened in the red, but buyers once again jumped in buying the dip, encouraged by a softer Q4 Employment Cost Index and a weaker-than-expected January Chicago PMI and Consumer Confidence data. The possibility that the Fed could be forced to suspend rate rises in the near future weighed on the dollar, which gave back early gains. Gold prices recovered and oil bulls came to the rescue of WTI (+1.5%), which was down 1.5% at one point. This morning, S&P500 futures are slightly lower, digesting solid yesterday's rally. Investors are looking forward to receiving US ISM data and the rate decision by the US Federal Reserve later this evening. Chart Of the Day Weaker-than-expected US economic data, including the Q4 employment cost index, the January Chicago PMI, and consumer sentiment, were dovish for Fed policy and weakened the dollar. [cb](113/cXx8Z04/VX8t3B4LMbkwW25Hf_Z8cTSY9W58c1_74Wv4FxN5j5FPD2-MJQV1-WJV7CgY9mW5_cQSM87z0lLVy6YbP3vnVgQW4C2MBR5VRp6CW5gFm-Y5zL-pkVFkMRq9hqHntW1_80Yl7vw5K8W1QHJ1s7jTmvJN81tkxqJB120VMWDXy4WxFn0W1m0Xng5YsC-zN14Zrt3nfVMRW965tRq22YhGNW4794VJ1-24BXW167Kfr24LX79W2MsQpy1LL84-W22svN61FHM2xN6jBHcxBWfqdF92lDm-B3_M39D_1) FlowBank Blog Who to Watch in the AI Industry? [Dual-Arm_at_Deonet](113/cXx8Z04/VX8t3B4LMbkwW25Hf_Z8cTSY9W58c1_74Wv4FxN5j5FPD2-MJQV1-WJV7Cg-ZpW71Qtrb1gx0DVW7qf87J2MKPyRVnb02s7Tl7yqW8Dtrdp1sdHwLW6wf8qq4l90SHW7WlWk51Kctg2W6fj_Tg3RzylPVJrXqx5sHR3wW1SJJS66X1PFSW76F-0_86tt9lW5ZkMcz3Q-lHKW3vXFGw3f_WQ6W7q-Psf2Y4ScSN2syBcTM4m19W32TLGk2Zd-Z0W2jZmKJ7c9XKZW3v80CJ39VzJ5VxyjP_8vbY4W33Lb1) In the world of cutting-edge technology, the AI industry stands out as a beacon of innovation and progress. As the industry continues to soar, it is poised to revolutionize the way we live and work. From deep learning to robotics and autonomous driving, the possibilities are endless. 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