Walmart beats 🛍️ Stocks fall ☔ Fed minutes 💼 Nvidia earnings 💻 EURUSD volatility 📈

FlowBank's hand-curated fresh financial news [header_noDither] 22.02.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [walmart] Walmart announced total Q4 revenue well above expectations, rising 7.3% to reach $164 billion from a year ago. The big-box retailer gave a weaker-than-expected outlook for the year ahead, adding that "the consumer is still very pressured". Shares closed 0.6% higher. [Start Trading](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLZ2-MK5V1-WJV7CgFSBW8qS0zL6_SpjYW1JWtk313J-f8W93P0pL5Kfy-WW5PgSkm8X8yDHW8S69wC5Ll1dYW8lYV2B4W8-03W60S8nn7wzfFHVbhDlR8zysknW2yKVqW6VHtmNW7V6pBH1F4w0QW4Dqg-f6Pqd8yW2Plwd17rpGHtW797mFt5y0txDW1WlxYs5T0hkcV6CSzS5vN_DpVng__t2Lcx04MKZqP42j6rXVjtdGD18zhBRVqzz-t8rWZ8-W5c_Rhw57nnks39Wk1) Trader's Corner In focus • The Fed will release January meeting minutes on Wednesday. Investors may look for hints about a possible larger rate hike at the March meeting, as some policymakers have expressed support for it. • Earnings of semiconductor giant Nvidia will also be closely watched for clues about the order book. Traders will pay attention to growth guidance. • Lastly, the EURUSD could see volatility amid the release of German CPI and Fed minutes later in the day. Economic data • US FOMC minutes • German CPI, Business climate indexe Earnings • Nvidia, Lucid, eBay, Rio Tinto • Danone, Stellantis Crypto • Bitcoin mimicked tech stocks, following the Nasdaq 100 lower amid the selloff. Investors reduced risk amid the higher Treasury yields. • Chinese crypto stocks jumped after Hong Kong outlined a plan to allow retail investors to trade digital tokens such as Bitcoin and Ether. [Table 22022023] [Start Trading](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLZ2-MK5V1-WJV7CgXTYW7WZRX27dqrz6W1lClsp8mVd3qW2wFKl_24H343W7yt5NW806nLQW3ClN853YrLVWW7g9tGD18Tkt6N29n2JkL2hfcW8m3Gjq1KS6C3W7Qwqrx7w9sH4N88jXxN4XBLBW3HhSxX537Q2KW3nBnZN3YRNPcW8ztGDZ4GRV5YW3v52nl6SbGrSW7VDzSX45T5_TW7xcyCD38k-ZJW8wj5k92nM1prW24spKB4XZds8W38tPjk6wmSYkW53j2RB6XN7D83cyr1) Market Recap Treasury yields surged as traders increased their expectations of higher interest rates for longer. Higher yields pressured stocks lower, particularly tech stocks trading at high PE multiples. Small caps also saw heavy losses. Oil remained steady amid Putin's combatine tone in his speech. And the dollar continued to climb, but the euro (-0.24%) is holding up well amid the collapse in natural gas prices since last August. This morning, S&P500 futures are pointing slightly higher as stocks attempt to stabilise. Treasury yields are not budging much after their recent surge. Markets are wait and see mode, ahead of Fed minutes. Chart Of the Day Still all eyes are the dollar, as it is gaining strength and weighing on risk assets. [DXY 21.02.2023](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLG2-MJQV1-WJV7CgLMKV3m2vP7DwVhyVkGlqh1jwrbqW1XKNrp2L_1N8W3JQzH18GHYR8W5Q_2FG4ykn_FW5h14TX96M2d6W5RcDTh3H3nX4W3Pbc462vR6mzN3ng_BgJLfH-W1H7YGW75bml0W5C1tfn2L3Gq7W5ZXBw53tl_GsVgHL708w6MpPW6rlgSR165cmYW42YGTb2GZvnGW76wKbT3bLhLvN91zQypYRt2hW4ZYpKL29bGDb31mp1) FlowBank Blog How Will the BOJ Leadership Change Impact JPY? [Fushimi Inari Taisha Shrine in Kyoto, Japan.](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLG2-MJQV1-WJV7CgVXnW5lMdh932VYr3W2ZlQ4S1qp1N3W2_qKyc5-vLbsN4B6-bqB3tHbW7MVJY57V2H0MW8y_RnL9cSLgRN2R_DXZn42MMW4VF0Cj4R09wkW6RfZVw1zCk_qW6v0_6Q401WZBW44VYnr15kZrDW8SwkZb3qv1dnN8lf-VDGCfBfW4q20Yz5P98KzW3fmd3q5RvwWRW7t3Wns68S_1QW98SWln1bf8S7W7mvPDg7-l8X73j-G1) Shift in BOJ Leadership: Impact on JPY, Hawkish Expectations, and What to Expect from Incoming BOJ Governor. Read More [Don't miss our Popular Themes](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLG2-MJQV1-WJV7CgD-ZW6b61sS6HbDGpV5h_505Yg7SjW7rgZLK4RzzWBW2TwB448tYq7SW6DnkXl30kqbSW5JR8Ty8Tvc7MVd3g8L6W5FvGW8mP5tL1HK2j6Vq-hXJ4m6DMCW5lPQQZ8BpgcqW56rrtX7JNJZZW4F2dmy66ShW7W28kwlk8tn2YDN6nCB4T8Cnd4W4f1kxJ2KDr3tW3pGDXz5DmpxhW7QszZ04G8XqYW6ycmkH8dpXky3mZl1) [Read our latest Research](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLG2-MJQV1-WJV7CgGxxW4mZW9y3pLY_FW1-K5FL4NZMtWW5n-d568SwkXlW8NpLl13qfttSVSTg756D___7W4fjrVl5ZXjsLW4KVVR364CwkTN4YsqKKxW9NkVRCSlf48-RXlW6XNzQ-9dHsBNW43Jv3R4FpPRVW38Js9j1v0HdDW1BJTQH8CfPcXW1dLtmt2khCTkW8r8Xfn3V5npPW9lfjnr7lFQD0W2VtVhf8vyvfJW4rW9P22wZQkx3h941) [Follow us on Flow TV](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLm2-MJwV1-WJV7CgVkcW2fsMVK78Jyw4W1y5fMC4fJ59WW25HPlw3x4_zrVLPJ8V6FfNdNW4sW_ZS2bmX9RW7mpmZY5YNPMnW73LQ921gJgv5W39S1S-1Y5bsqW8t_kXY2pJGrzW3cNWmP4rRll5W8H2DCc1LNW1kW5g15Vv9dK-26W7s9zyc6ktndnW2YzSdR4fr4krMv_73vZ5lcJW3qDHJf5cXHVv33Dd1) [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLm2-MJwV1-WJV7CgWNGW1CBmv_3qDMtQW7xq2fH7-2wNlW81DQfR4HRTM4W2-2nMJ1SvjxWW87TDSQ4YMh2hW5PJFXN4PZRDQW737zKP2Dmxj7W18bYW_5g5pPTW3-sFSt2-D6mfW5mCr2_1K0SxDW7VGWjw3X8BF2W1mR4719dRX8FW58VNcV5dTcrcW1ZvjcC76WskwW8tnfXj7hl7npW5Z2N7h1Xx-Fb3jB71) [LinkedIn](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLG2-MJQV1-WJV7CgZplV7kN8W6-zhhXW1SYB537JJh8_W1VtJB97JtVhTW6PC_WQ8G8sVSW4KyW9W6lkSr2Vm-rgX2v9HdhVPMz8p75xs_LW47qLdJ6_n6SkW5XL5FQ6gqr58VWyyS91ycdm2W1556zR4vsBYsW7kzJFp6L8pckW3NZNbH2N6tFlVxXq6T5wT2YpW1qF8qt6gbSS3W8wQN_Z4PXD7WN1Vr7F4CGNv2VprjR43RlKPC3g7Z1) [Twitter](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLm2-MJwV1-WJV7CgRLJW48qT5-3p4yM2N8RNK04frvxMV8wSqx3Tw2z0W1xKLdc3Vr40mW5BrRK67KlBjXW9fW6BJ7kYtnpW5kBNrL7740VyW55VDDt2hPtcFW6BNvgv8GgGdcVWyzCC3LtDP6W82gsLS64dLlrV2cVj826Pt6SW8s0YgP2f7fZDW5-CkrY2z-D39N4ZqYgfVr23SW8tcfpc2RLDHy38DW1) [Instagram](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLm2-MJwV1-WJV7CgW_3W4yW3BK4Zmdf0W7Y35q65KNTF_N30FNmnwT_g1W3GTyw83jB_tpW67gf-M4bbw-tW6KB_Bh7p4hHKW4mF5pG884Xn8W58wHKJ5lflpbW4Yp3PK2TB987W6my_J67-8H4GW1S7L904lhK8mW5HT8yr2VLwHwW6NMgTR9gNqY6W69gvKw7HvHkyN7MXd18qpLf8W4yJKY01yqf003hfM1) [YouTube](113/cXx8Z04/VWZCTX36m6vJW14x2Mn4V1VtgW6L2xF54Xk4jpN4KxWLZ2-MK5V1-WJV7CgKlZW7cX0Hg460Bd-W5GTwsD6x87JnN1bYC--g-BsvW31xrPR5ZKVrQW7y61-H3YTnp0W54xMwp8R9swdW4GkMh93SwCP-W52Vlwg6wfFPvMS3m22vY34RW6ljJHK5X1ldKW29rwz_4h8_qlW7rRvT95yVggTW5wPyR67S41RmW4DXX4V2DjhJLW9b2D7B3Xq6-YW76PSQH8xBRg-W38f5lQ5B7FM_W2FCMmr7FXGmPW6c9rhc67yqDrMdGw5gmDDy_37mb1) FlowBank SA, Esplanade de Pont-Rouge 6, P.O. Box 1303, 1211 Geneva 26, Switzerland, +41 (0) 22 888 60 00 [Unsubscribe]( [Manage preferences]( This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify us immediately, and delete it from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Although we scan attachments, we advise you to carry out your own virus check before opening any attachment.