ESG backlash 🌍 EURUSD zooms higher 📈 S&P 500 at technical pivot 📊 Today: Costco earnings, Eur CPI 💼

FlowBank's hand-curated fresh financial news [header_noDither] 02.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [esg] A backlash against 'woke' ESG investing is gathering pace in Washington DC. The US Senate could follow the lead set by The House of Representatives, which just voted to overturn a Biden admin rule that makes it easier for fund managers to consider things like the environment and social issues when choosing investments. [Start Trading](113/cXx8Z04/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfTp2-MK5V1-WJV7CgWN5W3kL-0z6qlN5DW4-wc865C4x38W62nzcY7XjgycW5HMznT6SyRfGW8jP9378GJ06rW1Ryxq-3hlMgpN4HWGjBfc8zjN5w9W1y6br3bW8_cJDl78q8kWW8HlMw66cZHjbW1mV-Jz8MwyQLW2c81H92LvyvXW85RG8S6fnYqcW1TK83K4wH39qW6z8fJj2ydTTHW8TTjkk6cnylPVyPXTy71Wn8VW6MHs-155Jvp8W1ZCWST10GtMGW3b-Sx46CYQHt35PW1) Trader's Corner In focus • In a positive move, EUR/USD is back over 1.06 with a 2nd bullish engulfing pattern on the daily chart since bottoming four days ago. • The S&P 500 is sitting in the 'golden pocket' between the 50% and 61.8% Fibonacci retracement levels of the January rally. In order to regain positive momentum it would need to eclipse back above 4,000. Economic data • Eurozone CPI • ECB meeting minutes • US initial jobless claims Earnings • Broadcom, Costco, Merck • TD Bank, AB InBev, LSE • Kroger, Hewlett Packard Ent [Start Trading](113/cXx8Z04/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfTp2-MK5V1-WJV7CgMV4W3_DRxs2LsWY4W4NK_Cc8HKx6xW9b2wrT3Pvz_QW5WTXgX3vNpQ8N3_HlSDfjy0yW3DRTjq7zC2wTW95bSbM1TKqRGW75ptp02d9nhcN3W2Kc82ddP-W6W4pw41jcYpjW5MGcPw1bNwskW8r150j7N__RtW6Zg_cp9lG7pMN7TVM70g6RllW2v3jnV8whFX9W2VffZx5JjjqNW3D42891FplZPW9fMLkr6Nn8f4N3s4YlnCgP97W88rXXw91Gpyc2tF1) Market Recap The euro jumped and European indices dropped on Wednesday after the release of hotter-than-expected German inflation data. The news added to the "inflation is here for longer" worry that has plagued investors over the past month. Wall Street tracked stocks in Europe lower on the first trading day of March as 10-year yields rose over 4% but oil erased losses to turn higher on a smaller build in inventories. This morning, S&P 500 futures are pointing lower as traders continue to digest the prospect of higher interest rates for longer. The US 10y Treasury yield broke just above 4% for the first time since November. Chart Of the Day The US jobs market is showing signs of cooling. Markets are looking for both slowing inflation and job growth to prompt central banks to stop tightening further. [Job openings-1](113/cXx8Z04/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfT52-MJQV1-WJV7CgZHXV_62qN4xyGGYW5PJbML2Tph4JW4-g9SH6qBjRGW2C-Hg57ZLMrBW93hnCV2kWZtmW4zfVC32YSxLFW3gLhVy5d1SV7N8dkMqxgLGh6V-VVv03MMqlqW2VzNrl26PjdCW3qfPN27NPm8nW2_TKGM17ndYKW7kVNMz2hy18rW6lwYpP60bQjWW3XY0HP7jl8xJN269WCHsBCFzV5fxkK4wb62cN8G4rGvcMFwx3pKv1) Highlight from our [LinkedIn](113/cXx8Z04/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfT52-MJQV1-WJV7CgJZ4W6wlMz56ZbkcqW7c610y768bnSW8c7nsS1LsB3cW3tT0hB8Kj6_6W7S8z2l35MfxBW84VyDQ604KQSW1WbH4V3hY9ZhW358MhW3r30kBVtwRx-4DYv2qN18H9KPv04CnW2YQcrQ52hfmPW4z-cg97lVcBKW7W0CXy5q-5rpW8TqfXD5RvYymW18GCXN7NSsYzM2VB9XJ8LFRW6DRkmn2yHkM6N938nh2l-Y4m37g-1) 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/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfT52-MJQV1-WJV7CgBF4W2yLxqM6MGPcGW7m-30N8qk9x0W3SrtBp3Wgzf9W4S1Nlw2KFVqbW6KxVpn30FvQ7VsBvwK8F3jdJW5X1yfv1lJl1CW74YDKW7NmMWcW5XzDVx1MxgxqVFDTLd20lsK2W8pnW_k36ncqbW3PqRb98Vb7bRW7cDj-Z7wc_5ZN3Nb4h0qtD4pW5LQl7k3552kQW5pQVrf4YKfrPW4trqhn6V0YpMVmfdnh59vpqZ3pFW1)to read more. [infographic Warren Buffett](113/cXx8Z04/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfT52-MJQV1-WJV7CgZqJW9d24tC5sRCs-W77gRmw432KwkN2WvXj6FXnZ_VMbqsF84GyTQW1kKj5K3xVdz-W57SPM76CgZBBW3cxjjN2DgdXQW6DYvJq8J0Hc8W3k46s72Nswf2W7q7h2J4NpmwNN8kwQ3nGHdbZVPbC2r4cT-scW7vqhx3242JtzW3MK-r892mBcDW1Jsk-T5RbW6MW8MzXXC3G7535N417p_CzRN1hW6YDRn66ML11-33dP1) [LinkedIn](113/cXx8Z04/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfT52-MJQV1-WJV7CgLq7W76SKzF8Yd5tvW6s0k9F6p5yD2W1ZkP0M3X7kb5W7Jh8xn3lNL2CTFt9q2kh787W2s4TwM6BSthbW2PfKcP7jrbGwW5qpF508qbWD5W5SNqnF4FWfXtVDcphK5Nzym6N1VmpK3hPFvqW3rTQKW5tjMFMW65V4n-83YfmrN9fVNm4GGvHmW1CvqWw2Jnr-gW7-F6V77QCQQmW3fFhfT6FHBzxW8wb-mw7lb5zk3lRs1) poll: What is the optimal number of stocks to hold? [Vote here, we want to hear from you!](113/cXx8Z04/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfTJ2-MKpV1-WJV7CgQ3WW1_Xwjy29d_KsMQm37GV2TJXW3pQ9tc6K06FSW9hNQb74_GxB1N64xBcxcKBXpW1WlczY6Pr2TnW2mjVY56JGVMRW7_W82H8Bf1kpW6K3W968XcWkNW2msvW67F6vRQW2B9q253KFj87W6BjH8c1M0jrpW3jjqcG11tpCvW1tD_V72fljpDW6FYyQv2H4crkW7y3FRp3x3WhJW4XjHq75Cn3J6W5Dzxvc6fg2brW9607Z77tn-s8V90Wpg8RXbBPN7vg8SW8q8WdW1dw86n1BHP1R3pJk1) Our poll last week: 71% voted TESLA is overvalued. 170 votes FlowBank Blog GBP Rallying on New Northern Ireland Trade Deal [eu uk trade](113/cXx8Z04/VXfhPd54s4RjW7LmwB37ftdyRW2v98dD4XFfzsMGxfT52-MJQV1-WJV7CgTQVW7SGCxt28Mv72W8RLly2309nr0W7_2SY63MnH-1W58bGS17y9mK3W95QqQb8XLzWqW1hqTsf40ghKcW1VpSnj48c4M6VgF1mf2RqVq2N5jsGMPcmj4_W7hZvxH22pRhpW7Y_24q4SST6bW6SHm_-1F6PClW8thzsK1dd21VW3wg6dP42q_ZlN7yLxZlLFRqFW3HzyrR4q-JWjW6Jr1VF8ZfdZvN1kN0rcq9z3n38dr1) It looks as though the UK and EU have finally agreed on a solution to what has been the biggest Brexit hurdle: the Northern Ireland protocol. 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