Manchester x Qatar 💪 stocks dip ☔ S&P500 support 👀 Earnings: Unilever, Kellogg, Expedia 🚗 dollar strengthens 💵

FlowBank's hand-curated fresh financial news [header_noDither] 09.02.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [manchester-united-crest-logo-badge-2020_1lcodpc2n8eh61bxbmvdtch4h8] Manchester United shares soared 10% on reports of Qatar's Emir interest, with a lower offer than the Glazer family's £6bn. But owning both Man U and PSG would violate UEFA rules. Qatar is seeking a solution. Will Man U be part of Qatar's portfolio? Time will tell, but expect shares to remain volatile. [Start Trading](113/cXx8Z04/VVYzNt6PCV4XW7d7HrC2jVSLZW2H1VMy4WQd6fN1qZLrh2-MK5V1-WJV7CgJ9WW1zzGZ53_mSzZVP8KQy9d77gZN1JqWpJ3b6jfW3cCDCL5vRRF1W1wQP_s4xcKBGW4Kdcxn8DX-3KW6kvZCF5VXD8SW4xblZz8kpFCnW8-XnST7H7hx7W7Xtd2X6XlPZhW1K_cbb2zFMCSW79dNpR7c7MZZW8V18422pdQ6xW2NmCfg2KWl9lW1g-pM33Y2b0FW1CYNrQ3gZ-20W40DXfY1BJzDWVG7zCG8Rc-bbW2DrwMK7kDpCjW7X_-3D7C9XJh3fB31) Trader's Corner In focus • The S&P500 has been trading sideways for five sessions now. With the RSI indicator starting to point downward, all eyes are on the 4'100 support level. If it breaks, more selling pressure could be ahead. • Earning reports from consumer stocks Kellogg, Unilever and Pepsi will be closely followed, as they're treated as a key barometer of the strength of US households. • Lastly, the euro failed to rebound meaningfully as rising Treasury yields increased demand for the dollar. The rising tension with Russia isn't helping either. Euro bears are determined to push prices below Tuesday's lows of 1.0668. Economic data • US jobless claims • EU economic forecast, Leaders summit • German CPI Earnings • PepsiCo, AbbVie, L'Oreal, PayPal, Expedia, Bombardier • AstraZeneca, Philip Morris, British American Tobacco • Unilever, Duke Energy, Kellogg, Ralph Lauren, Under Armour Crypto • Bitcoin and Ethereum fell slightly as market sentiment turned sour, but still managed to cap their daily losses to less than 1%, in a positive sign. • The SEC is investigating American cryptocurrency exchange Kraken for violating securities laws. A settlement could be reached within days, according to Bloomberg. [Screenshot 2023-02-09 at 02.35.26] [Start Trading](113/cXx8Z04/VVYzNt6PCV4XW7d7HrC2jVSLZW2H1VMy4WQd6fN1qZLrh2-MK5V1-WJV7CgSp3W2gCXkC4txsKbW6mJBsJ7_vMR0W5Jn8Gd27mKnvW5yCbjx8hRZy4W4F3pwp86JhmlW5T3KYD6xp-jyW2X3xVz70S3SbW6F-K3P3kB7yTW85cLsM6L9gYZW5w0Jcq83f5sDV67mnw5JTKPLW6WJ_RD8D3jxyVFb3N51nmLWTW3ltfH44d5xHmN8KXHHh_9bqTW8D7d821fg-ZVN3MlYPH9QSsKW9ckD-g6dG1cqW5tf-JX2X31VjW4n119g8d_FlW31t01) Market Recap US stocks dipped, erasing the previous session gains. Hawkish officials together with escalating tensions between the West and Russia weighed on risk appetite. Fed Governor and FOMC voter Christopher Waller said the inflation fight is not over and rates may need to be higher for longer. The dollar rose on safe demand. Oil too extended gains, up 6.6% so far this week. And among single stocks, Google shares dropped 8% following the event on artificial intelligence (AI), which seemingly failed to impress investors. This morning, S&P500 futures are higher, supported by positive earnings surprises, notably from Disney and Robinhood (both +5% in after-hours). And EURUSD pair is climbing 0.3%, ahead of a packed day. *Today is a busy day with German CPI, US jobless claims, and earnings. Chart Of the Day The dollar pared early losses against EUR as US rates continued to rise. Chances for a dollar appreciation are high as job growth in the country remains solid, something market participants believe will pressure the Fed to hike further. [Screenshot 2023-02-08 at 16.46.29](113/cXx8Z04/VVYzNt6PCV4XW7d7HrC2jVSLZW2H1VMy4WQd6fN1qZLq_2-MJQV1-WJV7CgTJ1W1tt5s487_BXZW157nmh1ZxWdJW7tc7Ks2VG6BSW6CwhC37R8PypN1jdpDjWccMKW7CYR24304353VXG5Xm6MlyfkVW_qFC2B4wStW71D0_76LZBWbW8D7lcn2cv1XPVB7h4B3-3cllW7sTbK268ynLlW7Z0Mwt7pzhGTVxzmFT6ksGRmW4z3gSW4F9nN7W1X9fK78qk3WyW79vmCd8ksthqW8ftYRR52g9VJ33N91) FlowBank Blog Unpacking the Latest Earnings Results: Winners and Losers [Screenshot 2023-02-08 at 16.13.16](113/cXx8Z04/VVYzNt6PCV4XW7d7HrC2jVSLZW2H1VMy4WQd6fN1qZLq_2-MJQV1-WJV7CgRBlVlNjQy5YtZMwVCYfzv8QBzn8W945yPc4PRHNNW3_fvP11MNcDwW93hNhv8W9w92N7xnysTHnGBTW2F8YBZ75Xwl1W1S3Wkv85702kW4N4XJm2nL0hgW6knxVz3PkZKDW6MBlBt6H6TmRW27nw-Y12sVm_V7_hXM8nPqQZW4LT_0N6M2wr9W8K0S5Y4vn0t9W4DcDMx1BYcNrW8mk2zb1jXvjvW97zKyT92nrKk37YM1) The latest earnings season has been a mixture of positive and negative results. The rising interest rate environment has placed pressure on many companies and sectors. Despite this, there are some signs of growth in certain sectors, and the overall outlook remains optimistic. 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