FlowBank's hand-curated fresh financial news [header_noDither] 28.02.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [amc-theater] Meme stock AMC Entertainment Inc. (AMC) surged as much as 25% on Monday, a day before the cinema chain will report fourth-quarter results after the close on Tuesday. Analysts think cinema attendance is normalising after the pandemic, offering some optimism to meme stock shareholders who pumped the stock in a massive short squeeze in 2021. [Start Trading](113/cXx8Z04/VW39P_8SNQNKW5FVmMD5yh8F9W8kTzPf4XyZ6TN1HNyZB2-MK5V1-WJV7CgHGrVsQsLd4g0FNlN7PCtM5LyrVsN1b_p-RB1pCGN8qMQ6JfHzrcW1jCl-75V36SjN8VhSKG2zvJMW6TGgzp86D19tW1kRLTt4gnLctW9hy7d54G57qsW8H0YnF8m8lVgW3z8qg88tr9LTW4Stv9-16g0LDW1Gnzl17PgDdyW6LNgYK8R3gwDW5qM2895PNnhDW7xYg9R5PXSfhW44HRJw8gmG7JW2bJCwR5SmqRGW2GWmtK2WnYDRW3H4_jC4KjtKw3n4Y1) Trader's Corner In focus ⢠The Nasdaq 100 is attempting a move back over the 12,000 level, which flipped from resistance to support after a breakout in January. ⢠GBP/USD has successfully tested the critical 1.19 level. It's the 5th test of 1.19 as support since breaking above it in November. ⢠The oil price slipped on Monday but WTI crude remains above a rising trendline connecting a series of higher lows going back to March 2021. Economic data ⢠AUD: GDP (QoQ) (Q4) ⢠USD: CB Consumer Conf (Feb) ⢠CAD: GDP (MoM) (Dec) Earnings ⢠Target, Bayer, Autozone, HP Inc, First Solar, Rivian, ⢠Rivian, AMC Crypto ⢠Bitcoin failed to retake the 24K level on Monday before turning lower. The near-term trend is down while the price holds below the critical 25k round number. ⢠Coinbase warned customers on Monday the company will suspend Binance USD (BUSD) trading on March 13, 2023. The exchange cited a review of its 'listing standards' as the reason. It comes two weeks after news the SEC is suing Paxos over issuing BUSD. [Start Trading](113/cXx8Z04/VW39P_8SNQNKW5FVmMD5yh8F9W8kTzPf4XyZ6TN1HNyZB2-MK5V1-WJV7CgC2sW1lVXW182C8NrW6rbLnV1KPc8NW389fQc87WPSKW71rWTq6qrD6gW6QSw4-4QjsCzW1y9S_t7qDGv5V5FgNd85FkN4W806nNl7Y-qMfW6jZ-Ty3VNfTMW5Cq9m-1c9C0RN92YypD6mzs0VFzHR_3_FQGqW4rhsSS7G9zP0W1kyhqh5fBVVlW5Ck_wf9ckVGcW1fjCx83fpD95W2BcH476c8XKrV6nbns67_d9MN16jv16cmRxpW5LNFJ52x5rp62Hx1) Market Recap US stocks rebounded on Monday after the biggest weekly decline so far in 2023 for benchmark indices. The gains are a respite from ongoing fears the Fed will need to keep raising rates to tame high inflation. The FTSE 100 snapped a four-day losing streak in response to well-received earnings from ABF and Bunzl. Europe's STOXX 600 rose 1.1% by Monday's close, erasing much of the 1.4% decline last week. Elsewhere, legendary investor Warren Buffett was name-calling in his annual shareholder letter. Buffett called critics of the firm's share buyback strategy 'illiterate'. This morning, S&P 500 futures are steady, ahead of the US consumer confidence indicator. In other news, earnings from Zoom were better than expected sending the stock up 7% in after-hours. Chart Of the Day Earnings continue this week with in focus Salesforce, Broadcom, Costco, AMC, and Tesla's analyst meeting Wednesday. [Earnings 26.02.2023](113/cXx8Z04/VW39P_8SNQNKW5FVmMD5yh8F9W8kTzPf4XyZ6TN1HNyZh2-MJQV1-WJV7CgWQcW7P11Wb7nxhK0W2_YCPm1cPxhcW4_GhMM21Rz61N25GngbsDH-YW5S0c-C8-kjk3W2KZFpV4r7XfFW1BNCxN7BXwW_W4-GN7n2kR0txMK62mWmp4bnW76635Q72pvX0W65mj-07lwsk0W6pg9c26KK2HPW3m0CYW4JLRRmW2fPvNT6bjVvmW4DV6q74jJVYNW7yt0cH1FStqmW6GYgmM1lJMRlW4gtGND6NnrNR2hv1) FlowBank Blog Meta Verified likely no Game Changer for META stock [zuck-meta-name](113/cXx8Z04/VW39P_8SNQNKW5FVmMD5yh8F9W8kTzPf4XyZ6TN1HNyZh2-MJQV1-WJV7CgLCLV_9QxZ5CVl5VW6XFllR2689ZWW3Q0D5v5DKZ-SW7mw7Pc6Lt4yDN5WJ1JKmjBX1N19Ds92QDWKWVCDGw84J9gJ2W72Fxz41GF36_W5WmyK92gK8HrW8qq7j35JlctFN3k-h2j-z00_W3H0SL_8JZzLDVgJLm34Qxbs9W3DTzQz6LplMcW9kPr9q3C8s5fW1kDbmN36fs4GW4_Qmzl21C5LkW2xCFz66m-WMX3q771) What is it? Facebook parent company Meta announced that it is launching a subscription service called Meta Verified. 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