Target shows resilience 🛍️ S&P 500 waits for 2 things 💼 Gold rallies 📈 Today: PMIs and German inflation 📊

FlowBank's hand-curated fresh financial news [header_noDither] 01.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [TARGET] Target announced better than expected earnings. Its sales rose 1% from the same period a year ago and its CEO Brian Cornelli cited 'a very challenging environment' as consumers focus on necessities. Target stock rose, despite the big-box retailer giving a conservative outlook [Start Trading](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wB2-MK5V1-WJV7CgSgfW51P3fq7w99NtW4pqJjl2qsr6mVMkCmF1Pdkq6W3kG1cx6pCChYN7NC8y83yJGHN8_VbrvZMJnSW3rrhc83tLVKJN3_PtVHql7yVV3JDgW2DPjdvW3KHTVC5BhQf4W2QW1b18y75V9W3CRGbg7BlLtbW47NWrB1fxTrYW7NYb1W4vvt6hVXD1kg6fpS7gW1542Pd8V6LrSW73j5fT4lFCTYW1_Vr043tx1xfW2mKrl25Xnbz_W51-Mz24d81DJ3pnD1) Trader's Corner In focus • Gold jumped 0.5% in dollar terms, but registered a loss of nearly 6% for February, its largest monthly decline since June 2021. • The S&P 500 closed down 0.3%, still below its psychological level of 4,000. Stocks are still at a pivot and a turning point may not come until we get more data on jobs or inflation. In the meantime, intraday volatility is high. Economic data • US manufacturing PMI • German CPI, manufacturing, unemployment • UK manufacturing PMI Earnings • Salesforce, Low's, Nio, • Petrobras, Okta, Snowflake • Plug, Wendy's, Dollar Tree [Start Trading](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wB2-MK5V1-WJV7CgLMMW16JGyc1sBZtjW4cm8bD8nxMS8W2G8Wp95jXCSwW1gBPq-55GHPfMX4gjfC7K1xW5MLSjw5CZ1CRN15xVqy8YRW3W3q4nkL8MF9YpW1gCVgF2DzHGDW3y0sLT3_bZqGW43FctH61fRptW7NXy_Y4W0vpwW5kPKkv3N48rSW9jb_r74l5X6-W58JGWR3hzY2KVf8Q7G5H-DjXW8m7hrg6bjcFjW6Z7zpL3TgnHVW7wT4jS7ytVdNW8-4xSQ5LprRg37111) Market Recap Stocks started the day spooked by higher-than-expected French and Spanish inflation, but leveled off through the day, closing mostly unchanged. The dollar jumped by about 0.3%, as Treasury yields rose slightly. Investors are still searching for clues on whether China will be subject to sanctions, and on the inflation / jobs picture. Crude Oil managed to climb by 1.5% on strong demand hopes. This morning, S&P 500 futures are slightly higher, ahead of US and German manufacturing data, which will tell us more about the strength of the economy. Oil, the euro-dollar, and Bitcoin are also seen higher. Chart Of the Day The surprise jump in French and Spanish inflation helped the euro rebound. French consumer prices rose 7.2% in February, and Spanish 6.1%, increasing bets of further interest rate hikes by the ECB. [EURUSD 28.02.2023](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wh2-MJQV1-WJV7CgMf6W1y53K11fRcXpW5fdchX6j1318W3BYbSB2ZGYmgW13_cxC4_0g4rW1gBSlY5KZZLfW3ZJn6q44l4QVN2VSlCNFdqkkW7-16jZ3g6JJ0W4J9k385WjLbTW3WZGrn7SVlhLW5pmbHr1wMKzTW4t7J729j9TQsW5-MN_36BQmZfW1PDrhl4GSdhBW10mMqm6h10ZWW7-R6LT4tnrZbW2JY8Pp5fFSllW76sZDG3RqlhC3kmD1) Highlight from our [LinkedIn](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wh2-MJQV1-WJV7CgY43W2nwS9-1CvZH_W1vGC5m3gGbvGN87V-8DpT2w5V__4Y11k75_WW2_GxX85RyJwpW3gWjnf3sFgvmW44-3Yh8Y6rF5W4Q50gL51D5vFVn5SXG2RVNlyW3lWyT66M7PRHW4grnbQ78v3GrF13ZVgShLfyW2cTXMx4TKw9xW8zW3bB2nghfcW4ckMTt8bdQrDW8-N1b83zwPVmN6fbSny6QBRYW6Fb3g45Bjl_s3k7P1) page Are you investing like Warren Buffett? Below is a snapshot of Berkshire’s public stock portfolio as of last quarter. Berkshire increased its stake in Apple, but reduced its stake in Taiwan Semi, Activision, BNY Mellon, and Chevron. Click [here](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wh2-MJQV1-WJV7CgBm4N7YpQvNdTV_BW6n-WZd8gZJPVW3_t82H4Kl66wW2THyMv7Pc6r2W2jVqVd67LFlrVh007_5J0-DzW6KTdSz4Pw4pFW6M15pj29TnctW674f116ByL4jN2PtZM5yGxdzW9gTsDh7QJCY0W5l6Pbb7rY1bYVFvgY91kLg8yW3Mb6LG54rVwzW33NkXJ2971LRVTKpDv8368QXW7BldbN2gMtp7W66snn027fMv3329C1)to read more. [infographic Warren Buffett](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wh2-MJQV1-WJV7CgK06N7Y520kMc-L8W4Mzl6f3b5fV2W4H_n2P82yPQ5W57q9N37xhF0JW8MHkry41qXJQW6G7nDT1kg-KtW6DFq9S6kttSrW4s3kZs3QQL9LW79LWHk530DhyW1vGSTG8ljzd_W662VV13fKQLYW111sg66sb9R0W8Qn-Gj5qGKS-VBRLjr57ZdwLW2WHj2p2z_LVvW101Dg86CF67ZW7VkN1V3C81NVW2tW9yP7Kl21Z3mS41) Latest [LinkedIn](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wh2-MJQV1-WJV7CgNfkVNWGvv82GJZPW1lQ5CX6pxlYhW85n3vD7212rhW6XtRkJ3t0r4CW3rpwm07Xgyx-W4TCs2J3nfkw4W2G6XfQ8dcHfLV9Njpt438GjCW7D8WRy52B9CXW5f28Zz38j7prW7gy3QS99Kl34W92X_md1kzXvtW2cr2MG3kkd0GW1x4nbD1SJQZNW2hdv206CJSg_W1RNqvb1FVb7qN7ppK5M589D9W75RTCL3yLKtZ35kp1) poll: Is Tesla overvalued? ([link here](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wV2-MKpV1-WJV7CgSfJW35sZyS2fZN33W2yqFHW1pb_mgW9kbS9m3WzXlXW7Gl9Ch4BN3c7W37yBQl6HGsYBW3kDDSb4g31wzW8YYV9V4y-n2dW5X4Tx816zpN6W865PP61X-PBjW1pNlS_4QWv_rW8W8x6J8CggmXW8X-YHM1vttY3W89WxQB6rtFN0W8k6HMR6vd0qqW6rg_wN6gVlw3W5R3zwk8x2-fXW3khG7X6QwJvzW5FkGZg1BnqnYVcSn1G6pHJyWW2wxqBn6-11pxW7whxv95NX-HDVtR4-x976ZJf3jbS1)) FlowBank Blog Meta Verified likely no Game Changer for META stock [zuck-meta-name](113/cXx8Z04/VX1NkZ1yBkS9W8HXnYp76cwRcW91lZlN4XC60tN7Cq3wh2-MJQV1-WJV7CgJnnW343XYM2HQsK8W8_vzS297MTBgW5lXj7N4VHBmLW7X6RcM3XxNmHW89mw4V6_MS1LW6Qv9-12zPclSN1nNBwwlwxzKW8P7vL74SD_0WW7VVskX1CrWs3N2z3lw6DyZwQW3xHJGR3cRbk5W61_TsP5kVRY-W7LH1gb5th9w2W48c6bF4cf-XdW3qLjkG1TxBbqN5_QjV74DCNlW7l2YJq51l9VVW2QG8zv60vQ2B3l6Z1) What is it? Facebook parent company Meta announced that it is launching a subscription service called Meta Verified. 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