Dell beats 💻 Eyes on GBPUSD 📈 Nasdaq holds above support 📊 Today: US & UK PMIs 💼

FlowBank's hand-curated fresh financial news [header_noDither] 03.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [dell] Dell Technologies posted stronger than expected Q4 earnings with adjusted EPS of $1.80 on revenue of $25.04 billion. However, the share price is falling after hours as current-quarter revenue and profit forecasts are below estimates amid the ongoing slump in demand in its PC business. Both businesses and consumers are delaying upgrades. [Start Trading](113/cXx8Z04/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T2N2-MK5V1-WJV7CgDpsW14XM0R1LwgfVVzy6gR2tXgdVN1ZXXhsChM-pW24j43c8_FTtnW2gPf9_1SfRRcVmQQ9W1JrJy4W8nQn9_1xxS03W60qRdK9gBFBvN8gGdtc3bnJPW4X0Nrg6_mz56W2m7Wk652t34tVzpXQH48gkDgW1KrLXC6r3TDTW60C3771599XQW44tyk47nKMFsW2Y7SXh3pBrW7Tv_s52C5bLwW4ZXQ_N6NdYQSMxFlsC6bbqmW69qNps7zLDvt3mms1) Trader's Corner In focus • GBP/USD could be forming a double-top reversal pattern. A move below 1.1920 could validate this, opening the door to 1.1840, the 2023 low. • Despite a brief break below the 200 DMA, the Nasdaq closed above this key support at 11,900. Should this hold, a rise above 12,250 is needed to negate the near-term downtrend. Economic data • UK services & comp PMI • EZ services & comp PMI • US ISM non-manufacturing PMI Earnings • Lufthansa • Pearson • Rightmove [Start Trading](113/cXx8Z04/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T2N2-MK5V1-WJV7CgKSgN8Y9WPDgd8qSW5Z_yQR8DvQVFW7_P0Tx1GsytCW1FKMzJ71wl8_W49pBGy60P99fN8zg90HG-3xNW4LDh339dDLYFW268P2w8xtKknN4Tf0DlqBFgzW4g4bk_7RmbY7W5cR7Pm29YLDyW2WBMGy6ctT0hW9h7l5Y2RjfjTW8QjgBZ5_SjsDN6DCc_LQnQ6yW8TqP_P3yYttyW14-yr56c46m_W4xFSnv2CvjlsW6fqY5p5MPDdYW13P0S81VdzYK39dZ1) Market Recap The euro fell, and European stocks booked a second straight day of gains after eurozone inflation cooled again in February, but core inflation unexpectedly rose. ECB Governor Christine Lagarde said that rate hikes may need to continue past March. The S&P 500 rallied the most in over 2 weeks, snapping a two-day losing run after dovish comments from Federal Reserve Atlanta President Raphael Bostic, who said that the central bank could consider pausing rate hikes this summer. US treasury yields remained high, supporting the dollar. This morning, S&P 500 futures are pointing modestly lower as investors wait for services data for further clues over the health of the US economy and the prospect of further rate hikes. Chart Of the Day The euro fell against the dollar on Thursday after Eurozone inflation data came out not as high as investors had feared. Also, US Treasury yields pushing higher kept selling pressure on the euro. [EURUSD 02032023](113/cXx8Z04/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T2t2-MJQV1-WJV7CgJZ9W7QpQZV3fGblTW4NWf6D126wH9W5f8_zz4HznLRW4VVTM66G8PMsW2PWB1m49gf6xW6jB5293_8CS3W6k7-nC58Fc6sVkrgW426hlx-W75MX471DzMvfW3LcwHf8gC6_mW5MDc0J1WTfP2W1gBBMj12rC0WW1bqsZq2kWG9LW46gKhG2pcRKYW7Z086g8GlZy_W4HWxNn3LH3K7VDKNpn7x-x6MW3Bqzzn6F6Ddp3fSv1) Highlight from our [LinkedIn](113/cXx8Z04/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T2t2-MJQV1-WJV7CgNs6W2ZVT-G5ZmKYRW6xK1b28MmDfMW2wlNhn54_9DgVpGRrL72xK8zW8n5TFk4Y-RnxW2NqsD02Bq6HBW3TrkLT6381K7W7CJZZb9546q4W4whWc865w6H-N3r7KQFz-ZMhW5Dl-SK7qHgMjW7r1sn63LX7mYW40bffb7_sh8_W9bKf5Z37dRr6W5lpx4G8mKgmtW5NdBR17B665cW6nB_D34qXb7tN6pbwwjtn3fG39JH1) page Top 10 Largest Renewable Energy Company 🔋 McKinsey forecasts that by 2035, renewables will generate 60 percent of the world's electricity❗ Is renewable energy an interesting sector to invest in? ⁣ Click [here](113/cXx8Z04/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T2t2-MJQV1-WJV7CgBR4W7PBw1d2KSyNjW92PTVQ53Z3jfW8BZKdX2YPpRfVbnZXq1DRqfqW5LJsd09dPm7zN1W-XkfH06FvW6fj0p5431VYbW8kjhNv2GVW8YW62QsF25pSn2qW3WkncJ4883tBN58wbLTf_GvFW8Rp6YF7b1bBjW2MXSN_5pVBxxN8LZ7m_xLHpHW2C5vN3501VcqW7hH7y135z5zQW43LgF-5nWz0WW78dyTz2w4qkT39LC1)to read more. [Renewables infographic](113/cXx8Z04/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T2t2-MJQV1-WJV7CgJ6gVR3L4b909SxBW1Kcf-_4fyWtwW1RKJ9x1GfLsRW6BHm_d52yWJvW30Q-np5fRvTQW13GwfD5zrfKyMhL3RC7bHRDW4H8j3y6h0v3NW6KVDLQ4xX4mHW8ksSww5j0PrNW6vLZmC2QqnkdN9lPBmMnlWS5W5cMLT33xcRRBW37W0VN5lMTd4W8k--Rw7gJTdWW52Gqg83FyDfzVx5Qjy4vDtxKW5Xr4PJ4z0wWZ3fT31) [LinkedIn](113/cXx8Z04/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T2t2-MJQV1-WJV7CgVh3W5xNKqg2qWBgFW82XX_q2hGRgXW3N_mgt99bP85W2r8hF15hDpqsW4ljYcJ3BbZV5W3L9nHp1WVR94W2dfzJs20kZ5ZW6qgvdq7v7R0yW44T-CB5zK5VwW8tfKQK3QCrvDW4SN-wL4nXYzpW88KN385xl67wW6HN6ZP7Wrd75W66nwY054hk5qVFQV126SYp2sW4NrysX89VKSxW5-QCM57T_ChHW5jjqSb47Yxqt339y1) poll: What is the optimal number of stocks to hold? [Vote here, we want to hear from you!](113/cXx8Z04/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T332-MKpV1-WJV7CgJcxW85FzNw8KrqxSW8s47yC1fYNxXW7czp8V1qtKYlW6Z-V3p54L0HwN8pLhLZYC1TfW4-DlwV6B4qCnW2MXYJs99l246W1_lmbr8vG_4ZW5bGSdH4ygL9bW90h2R_1XcDsBVR43zP2V9VCgW6HhF-x6JrKQwW7fXfBT5W4fvmW1f754K9g5pHWW4fYW9-50XRQjW5Fgb_G1WynrLN1bdLHB4rgmPW5nH8G07gLCJTW6JwZrh5y_0HSW70wwRW5vfsdlVzm81s2JB7nLW769zC_6C019Z35W01) 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/VVPHgD7YZCbDW6lptqR3NzRwSW2L--MX4XHnlFN2K0T2t2-MJQV1-WJV7CgNTsW2kJRdR3g8_vDW5Lm_tD3GMk4CW4rZZMh4p-qNVW7j55B22rwbc0W6YtnQ_5ZKb7BW2k5ZXG5zlHJ9VsP4Zg7BY1TbW5CjJwg6MbSHqW81vdz74-CKNPW7Fv5-y8LbRTYW8C4Wl312YmtRW4-F5MT1nCy0DW8bzQh91h1qvNN3xDYJ7sfWy2W7TQ9NW80HLF2N87yvdx3qDRGW67NhSm2yyJsNW5YDNNV4KV2xc3b8Z1) 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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