Ford misses earnings🔍 Nasdaq rallies 🎢 Fed's Powell speech 👀 Earnings: Walt Disney, Pepsi 🔮 USD vs GBP & EUR 📈

FlowBank's hand-curated fresh financial news [header_noDither] 6.02.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [2022-Ford-F-150-Lightning-angle-view] Ford Motor took a hit, sliding 7.6%, after Q4 earnings fell far below analyst predictions, due to costs and supply chain problems. Ford has become a top EV player in the US with nearly 8% market share. CEO Farley is determined to boost growth with electric models like Mustang Mach-E, E-Transit, and F-150 Lightning, even if that could lead to higher costs in the short term. [Start Trading](113/cXx8Z04/VVRDtN4NDvxlW9jrTK_3JD1MvW1n-N734WHPg7N2XT73V2-MK5V1-WJV7CgLd9W209_Cz5vTgBYW69yQWL3TpBwCW3hVcgn8c-xcJW7lnZqB5YVjFNN1YsXXNPw4NmW6Kv-wF16l1XSW89VySF7xkN8sN22sgXVtMN-tW3XD5Gs99X3MVW5Sbqjb2TZCtPW8wRv782vfmyhW6gwpGj8G7xxRW1v2g292BnW7zW1-971K4YTZD1W2JT0Rm1LGqXzVJj3vF2dMTYXW51RSv48PrrdzN1KmSjkbVQXrW3jcz0z60NMPNW91C4xm6wT0FW3hYv1) Trader's Corner In focus this week • Get ready for a packed week! The US jobs report shook up expectations for Fed's hawkishness on inflation. Watch out for Fed Chair Powell's speech on Tuesday. • Earnings season heats up with media and consumer stocks taking center stage. Efficiency and growth projections will be scrutinised. • Finally, all eyes are on the dollar's rebound momentum. The greenback may regain some ground against major peers thanks to oversold levels and a strong US labor market. Economic data this week • US crude oil inventories, Michigan consumer sentiment • EU retail sales, • German CPI, factory orders • UK GDP Earnings this week • Activision Blizzard, Walt Disney, CVS Health, Tyson Foods, Loews • BP, BNP Paribas, Vertex, Fiserv, Chipotle National Grill, Yum! Brands, Expedia, • AbbVie, PepsiCo, L'Oreal, AstraZeneca, Philip Morris, Unilever, PayPal, Duke Energy Crypto • Bitcoin rose just over 1% last week, trading just below $23,000. And Bitcoin mining difficulty hit a new all-time high as miners continue to deploy more hardware to mine the largest cryptocurrency by market cap. • Fantom (FTM token) soared 35% on the week after the project outlined plans to revive its native stablecoin. [06022023] [Start Trading](113/cXx8Z04/VVRDtN4NDvxlW9jrTK_3JD1MvW1n-N734WHPg7N2XT73V2-MK5V1-WJV7CgL76W6_t0M36WX5XXW920rH184J506W98XKpc8Z9bRsW6xZdlV6g4Vk5VbRc4q1Nb3nBW7CFwlW4wGJ6tW2zG7C63M43HGVRwFnF2QVp6XW4QRhVf5WTRM0W8pg-gg18gCHsN7Vb2vGL6b1zN6Y7gxLNkcxCW2Q4Sms3N54Z8N3BRnN-575w7Vt5z1K5z_dlXW34njHq7bd0x5W3lq8cB2FHKshW61-F_W8xhhT7W41PZvj7sbwplW1DrGLC163sbV32Zr1) Market Recap Last week, stocks skyrocketed thanks to dovish central bank moves (Fed, BOE, ECB) and a tech giant's strong earnings (META). Tech heavyweights (AAPL, AMZN, GOOGL, MSFT, NVDA, TSLA) also gained. Top performers included tech, autos, housing, real estate, travel/leisure, and transport. Financials, healthcare, energy, materials, staples, and utilities were underperformers. Investors moved away from "safe-haven" groups as the overall outlook improved. And the USD rose against the GBP and EUR after the BOE and ECB made dovish decisions. This morning, S&P500 futures are slightly lower as markets are digesting Friday's strong jobs number, which darkens the perspective of a Fed pivot. EURUSD is steady ahead of ECB President Lagarde's speech. Chart Of the Day The decrease in market rates is favouring growth stocks. The Nasdaq led the upside charge after Meta's positive results and Powell's less aggressive tone boosted confidence in better earnings growth. [ru](113/cXx8Z04/VVRDtN4NDvxlW9jrTK_3JD1MvW1n-N734WHPg7N2XT73B2-MJQV1-WJV7CgNvbW83gczx3QtRTQW6Ggwv08qZPxgW2zQyWx5g1mmyW1QddNv7pDr4zW2tzZFW241lwsW4Y0nR-2GhgHRVwDGRd45t5jzW4ptVl95XMc72W9j-WC34fBRcvW79LdVC6NhpYLW6gVhmR7Z29Z7V3M9TQ3sTMxVN4BLDYDlfSzdV-nBtx2PTg6RVKkpXr6g2Z9CW5wpSCm6kZ7vVW3C-CqB3jPxkxW6Ms2Vx3VCmbZ34Mx1) FlowBank Blog Will EUR Rally Continue over Coming Quarters? [Screenshot 2023-02-05 at 21.20.08](113/cXx8Z04/VVRDtN4NDvxlW9jrTK_3JD1MvW1n-N734WHPg7N2XT73B2-MJQV1-WJV7CgVJwW3G6-gh4VKXbQW1rRCld81sYdRV7twSs3H7qj_W4BFbPy7RYNkjW5KJkjJ32TQ3yN3VWh_lnYcGVW1Q9WR36tlmQ5W1TXdgt2bQ8pnW6F9c8X5CF9NXVmySlN93g15MW8svFc13CBstHVPGV1Y7rtR-yW7MnfD57cCJByW4L8Wx-27lCyrW808Nrp1_xWqBW1XPn8-6vVdhVW7KSHMK8wvTvgW7YSCt870b15S3l7m1) The recovery rally in EUR has become one of the key market themes of the new year. On the back of the roughly 17% loss in EURUSD across 2022, the pair has since recovered around 75% of these losses since Q4 last year. 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