Meta subscription 📱 Stocks mixed ☔ US EU PMIs 🚦 Earnings: WMT, HD 🛍️ Oil reversal 📈

FlowBank's hand-curated fresh financial news [header_noDither] 21.02.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [zuck-meta-name] Facebook parent company Meta Platforms is launching a new subscription service called Meta Verified that will include a handful of additional perks and features, including account verification badges for those who chose to pay. Testing will begin in New Zealand and Australia this week and will roll out to other countries soon. [Start Trading](113/cXx8Z04/VWSvGc4kQ6LrW1XVRCy226kYjW8ZpTlp4XgY80N7FnD0N2-MK5V1-WJV7CgStZW6Cvw5t7FQ04wW7my2HL1wsKnyW8C9nt_32Sp9BW8Ph2wW6pGfBnW8xxsYy84frmdVwZ5933K7DGlW3B74bC6jdMkrW7XPlbd1RPlgXW2z0s5m8Wt1PtW7WzPRh2d25mqW4jQcBf572hf4W7b_qB14GfL3rW8HMPX33h-760V5sC5F43JrYhVnf8wz1QYDz4W8tgHQx1n1tS_W7Z1wSm3CtVVdW3xW1K955TfWqN2r9f7Q31vnsW1v248h1gH5kC34-f1) Trader's Corner In focus • S&P500 futures are slightly down in anticipation of a busy week of economic data. This data will provide insight into the level of US inflation in the near future and the state of economic growth. These are important questions for investors to answer as they evaluate the outlook for central bank policy and corporate profits. • Walmart (WMT) and Home Depot (HD) are set to offer updates on the health of the consumer. • Lastly, Oil prices rose slightly on Monday, supported by positive sentiment around Chinese demand. Goldman Sachs predicts that future supply shortages will push prices toward $100/pb by the end of the year. Economic data • US PMIs, existing home sales • EU PMIs, Economic sentiment • German PMIs, car registration • UK PMIs, car registration Earnings • Walmart, Home Depot, HSBC, Medtronic • Engie, Capgemini, Anglo Crypto • SOL, the native token powering the layer-1 blockchain Solana, has gained over 11% as Helium Network announces 'merge' date. • The number of Bitcoin (BTC) whales, or wallet addresses holding 1,000 or more BTC, hit its lowest level since August 2019 on Sunday. [Screenshot 2023-02-21 at 01.48.26] [Start Trading](113/cXx8Z04/VWSvGc4kQ6LrW1XVRCy226kYjW8ZpTlp4XgY80N7FnD0N2-MK5V1-WJV7CgWNsW4W3KRg694LvNW5BsCvw47XRJDW7rPTgn1mfJLZW1MKydb2_wfgyW4kSD0M7WDppKW2ZqGL175ZmX8VnGCjX5Hp9s9W62LWb16pwg-BW6l5tqC1q-43TN9h1Hh-fcPd1W3GXNlJ2sww29W2rLKHM12YWk2VgvK-w1cjx9BW580N0R4CkyB2W2bBzC119lqtSN2pFdmcdWVv_W4WPM232c4X6sW5dMDR65FwrKfW4ykqLz6PV8R3W6mjpGF2l-mLY32Vx1) Market Recap Global markets showed mixed performance on Monday, with US futures slipping slightly in holiday trading. Chinese markets led gains, with the CSI 300 index closing up by 2.5%, its biggest increase this year. The rise was fueled by China's central bank keeping its benchmark lending rates steady, as the country continued to recover from the pandemic. European indexes were subdued, with the basic resources index seeing gains from rising industrial metal prices, but other sectors were in the red. Ant the dollar held steady, reflecting ongoing investor risk aversion. This morning, S&P500 futures are pulling back on concerns around interest rates rising and the growth momentum in China. Walmart and Home Depot earnings will be closely monitored in pre-market. Chart Of the Day This week we will have Fed minutes on Wednesday, followed by PCE (US inflation) data on Friday. And in Europe, German CPI on Wednesday, and Eurozone CPI on Thursday. We will also be watching GDP data, in the US on Thursday, and Germany on Friday. Earnings continue with Walmart, Home Depot and Coinbase today, followed by semiconductor giant NVIDIA on Wednesday and Booking, Domino’s, and Alibaba on Thursday. [Earnings 20.02.2023](113/cXx8Z04/VWSvGc4kQ6LrW1XVRCy226kYjW8ZpTlp4XgY80N7FnD0t2-MJQV1-WJV7CgR5RW6SjHGy8kHb6CN63113KXLlh2W95QPnp3W0rJGVVggKb1S7ZGdW5jJngk4JlYzgW1XgM__3jc0TnW11Rv7n2T3GJDW7hKkXp67kfgvW1QpBCr5TDdXXW8s6GC05_2T_FW6sB9Dh11Z1FKW5PJXZ28qv_-9W6qxM5M1zzylmVTJS0z74f7J7W7hW5184m04pnW7Zkzpk1HRSJgW1Rt4cH5bPN7fVk0qPQ8pft8s3l3v1) FlowBank Blog Is BYD Eating Tesla’s Lunch In China? [Tesla China](113/cXx8Z04/VWSvGc4kQ6LrW1XVRCy226kYjW8ZpTlp4XgY80N7FnD0t2-MJQV1-WJV7CgzYwW6rNQb95RbhzCW12JV221pkgh-W2bbH4c1K02FzW7XsdSP5RdBnmV2NHY9782Fg8VfGMgr22fd8zW4DLZBd3gYRLCW8StCnd4LjYFJW71jrrZ4WSv8xW18tZ525VnR2YW42LDjx2lzQvjW3XGJx851217WW259d5w3mYKF6W2wxpt06vR0Z8W5M_4-g4FgXfWW30VPKl59bXm3VkLPbt1yykjdW6l3NCt6-h1tX3bMM1) Is BYD overtaking Tesla in China? Find out the latest market insights, production issues, and price wars between the two leading electric vehicle giants in this informative article. 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