Airbnb beats 🏠 stocks trade mixed 📈 Earnings: Cisco, Kering, Shopify 🎉 GBPUSD 💷 & EU growth

FlowBank's hand-curated fresh financial news [header_noDither] 15.02.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [airbnb-678x381-1] Airbnb's Q4 revenue rose 24% YoY, beating expectations and pushing its stock up by nearly 10%. The company cited strong demand for guest stays and expanding property listings. Airbnb also achieved its first full year of profitability in 2022, driven by higher prices and a global travel rebound. [Start Trading](113/cXx8Z04/VWm0YY6GyrW1N38XMJ2cFZm1W6-Tm8p4X24QHN2XT73V2-MK5V1-WJV7CgH53VlhvtG1p30nBVHP4BB5ndx4jW4L14pq38V-0zW17G5sf4Hq_8LW91Nxzw50XBl0MVyS6M1sPG8W3by1W698hY5DW27_4P02DfW1ZN77xBX-Gl2RZN6C4PJF7sJHdW9kY3yH5zMhfvW8fzcG-2x7mb3W133tHN30CVJrW1q_-Dl2WVqKsW1BGKW56R5LzsW6R-40_5_ZfSQW6c4srm1_00JKN7q4hXkdjth4W1YG0h31Vch9tW172N2T2ntytm33171) Trader's Corner In focus • Oil prices are currently trading within a narrow range, as the effects of Russia's output cut and the US's release of strategic reserves are being balanced. However, technical analysis suggests that the market sentiment is improving, as the RSI has climbed above 50. • Upcoming UK inflation and job data will determine whether the Bank of England would raise rates beyond March. The Bank has suggested that the February 50bps rate hike may be the last in its current tightening cycle. The GBPUSD will be in focus. • Lastly, the European Commission will release its quarterly economic forecasts for the euro area, which will be closely watched as much of the outperformance in EUR and European stocks have been due to a better growth perspective. Additionally, ECB President Lagarde is scheduled to speak before the European Parliament. Economic data • US retail sales, business inventories, crude oil inventories • EU industrial production • UK CPI, PPI, employment change Earnings • Cisco, Analogue Devices, Shopify, Equinix, Synopsys, AIG • Kering, Glencore • Heineken, Kraft Heinz, Biogen Crypto • Bitcoin and Ethereum rose post the US inflation report, as traders seemed relieved the report was not much worst than expected. • The UK’s Financial Conduct Authority (FCA) is cracking down on unregistered crypto ATMs. Crypto businesses operating in the UK need to be registered with the FCA for anti-money laundering purposes. [Screenshot 2023-02-15 at 04.50.53] [Start Trading](113/cXx8Z04/VWm0YY6GyrW1N38XMJ2cFZm1W6-Tm8p4X24QHN2XT73V2-MK5V1-WJV7CgPTjW7h48l97s-d4LW4Wwps05XH_bzW3w4M4M3976HrW8d2S8135dd2dW8HkGwd5XHYPGW3mLJmX4Gr42tW41zF0l3d-pRWW3gpR0G61dLcHN3R6Z4jPtnWYN82C5kD716m3W4Qz1mM7JwMWLVNPvgZ5wM0j7W7C1RCp1KGFMtW2VhDhV4rgjjnW202Nw85gjzTZN7r1QrH4NhqPW4jCMmM6XcD3ZW4gGNCq6vVNfXW4Hw5tX3VcdxbN8vWjXzVYDLd39Kp1) Market Recap The stock market had a mixed day as investors analyzed the latest January Consumer Price Index, which showed that inflation is still moderating, albeit slowly. The dollar broadly came out stronger. The Treasury market had a stronger reaction to the report, as market participants realized that the data is unlikely to prompt the Fed to pause its rate hikes or consider a rate cut in 2023. As a result, the 2-year note yield surged an additional 10bps to 4.66%, which put further pressure on stock valuations. And oil prices also fluctuated as the US announced more selling from its strategic reserves. This morning, the dollar's surge is continuing, dragging S&P500 futures lower ahead of key consumer data (retail sales) and business inventory reports. WTI is also slightly in the red. The 78 support level will be a key factor to watch for WTI. Chart Of the Day Month-over-month US CPI met expectations at 0.4%. Energy prices will continue to be a major focus. Next inflation figure will be the PCE next week, on Friday, February 24th. [Core CPI chart](113/cXx8Z04/VWm0YY6GyrW1N38XMJ2cFZm1W6-Tm8p4X24QHN2XT73B2-MJQV1-WJV7CgNxmW48YB7P4w_r-SVHjv5m2DQr4_W3Lvlgg13GW1pW4nn7zg4ClBWGW3nljnm9m2StCVXCj032K-N_yN2WZK3LVRPzpW1mymwt5zDFFqW91G0Pb11jnwTW3vwtH45_9mD5W7CfJzY2rs-1hW6NkXQl4DNG3NW3NnpZ72WgWKWW6Mprbs83h4YCW5jPh161lNrDQW6jP2dM3vhffYW7WPvz3306pvyW68K-9d3SCPGM35V31) FlowBank Blog Where Are the Best Opportunities in The Tech Rally? [Stock chart](113/cXx8Z04/VWm0YY6GyrW1N38XMJ2cFZm1W6-Tm8p4X24QHN2XT73B2-MJQV1-WJV7CgDr4W836hMs8GvcY1W4ZR6mG21lTYHW5hMZQX1kDcZ1N8CdFZQ80S63ML-6vqlB-nKW47RfmK7TPkn2W6rdyWz2lt53JW27cWZL5QZqv1W1yqc052tjsnqW6sm47N3vF1H9W20t24f6bB9RtW2MRxnZ3snBtCW2qh68g88KGGNW8FF7Zj800BjSW1yd_Hp13mjVmW59sv4-60t_VFW1XXzX592JxL2W6kd9yF8B7LPK2mJ1) Exploring the Tech Rally: Understanding the Changing Sentiment, High-Value Stocks to Watch, and a Look at the Nasdaq Chart. 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