Salesforce joins AI revolution ☁️ DAX falls 📉 Gold eyes $1806 🏅 Powell testifies again 💼

FlowBank's hand-curated fresh financial news [header_noDither] 08.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [crm] The hype surrounding Artificial Intelligence continues to build. Salesforce has now entered the AI ring by announcing Einstein GPT, a bot similar to ChatGPT but aimed at employees in a corporate setting. Einstein GPT will be integrated with Salesforce's customer relationship management system (CRM), allowing users to create marketing content, personalized emails, and client summaries. Salesforce share price trades over 35% higher YTD as the turnaround plan continues. The news comes after Microsoft partnered with OpenAI to integrate its chatbot into Bing. [Start Trading](113/cXx8Z04/VX9Gyk6rBX2LW1Hcfg81T1_nkW5q0Twr4XV5V0M1--jf2-MK5V1-WJV7CgF7tW4VsT3g1GfLqFW3xjzhb7vcTSrW54c3xS3-LvLSW15t7WF3pT7cCW93CWtW6zGh5NW1QrxjT3N4D3bW7prPZ11qzCwpW1-Nb7M2Cw-3cW7N8D3r44FkjtW1b7fhS5d127pW1QtqhG6rh1dcW6C9jxB1tT7c-W2mJhwZ33YDY2N7PstdYl0lHgW88h7QR90h8HnW3ZMWkw4k0qGMW2ZTf3x25ZL0xW6LmFNG5mTR_LW4Xg_Nm7SwPCNW3Qpwn44nLN3P3f_h1) Trader's Corner In focus • DAX has fallen away from the 2023 high and looks set to test support at 15500/15475, the round number & 20 DMA. A break below here could open the door to 15140, the March low. • Gold bears will be looking for a break below $1806, the 2023 low to extend the bearish trend and expose the 200 DMA at $1775. Economic data • BoC rate decision, JPY GDP • US ADP employment report • Fed Chair Powell testifies • ECB Lagarde speech, EZ GDP Earnings • Adidas • Brown-Forman Corp • Hiscox, Legal & General [Start Trading](113/cXx8Z04/VX9Gyk6rBX2LW1Hcfg81T1_nkW5q0Twr4XV5V0M1--jf2-MK5V1-WJV7CgCqWW8Svj425QFMStN965pnwHXhwLW1gHHh28LgCbmW1k17JV7kwYFGV3w1BQ6qvcwYW4gScYx4c1tffVbYpG78j8CpQW8Zksxy3sD4swW64gcmt5hV7cqW7n_rdk2rPNKfW3q8MkX6t1K6sW71bG1D4Bg1dfW41C1Bl74LKBnW5_52mg4RDmVgW6RN9Rt544p9fW5sSRqg1wMP84W4Rf9553LxbszN1QXvN2WDPxQW8phLWL30Zz0CW2qjJj28bTHbZ25b1) Market Recap Stocks on Wall Street plunged, the US 2-year treasury yield topped 5% for the first time since 2007, and the USD hit a 3-month high after Fed Chair Powell's hawkish remarks. Powell warned that the central bank could step up the pace of rate hikes following February's stronger-than-expected data. The market is now betting that the Fed will hike rates by 50 bps in March, and the terminal rate is expected to rise to 6%. The selloff on Wall Street is transferring to a weaker start in Europe on the open. US futures are also showing modest losses as the US 2 and10 year bond yield inversion is the deepest since the 1980's, suggesting a hard landing for the US economy could be on the horizon. This morning, the market mood remains depressed ahead of a second day of testimony from Powell and US jobs data. Chart Of the Day According to the Citigroup Surprise Index, data is coming in stronger than expected. The economy isn't decelerating as fast as many expected, and earnings are also in better shape. [Eco surprise index 07032023](113/cXx8Z04/VX9Gyk6rBX2LW1Hcfg81T1_nkW5q0Twr4XV5V0M1--hZ2-MJQV1-WJV7CgS2fW4T4FKM90vtr2W1r_wdV7yqK-ZW8Wf-tN89P3q-VzPG_34p9N6BVxQ0_J6TC112W1pgbRd5VkYTzW61961L3BxFrBW9kddRM3vGVrwW5h-vFQ26F2nwW1DsYYl3djdYYVNCKBN18JVcXW67TW_48B4kZJW7YGWHX8ycY9PW2PbtlM4P3k86W8j8jnD1SK576N4mzmV2CQc7-W4VzTPh8yvn8VW6fr5hJ4y8_Xz3j6W1) Highlight from our [LinkedIn](113/cXx8Z04/VX9Gyk6rBX2LW1Hcfg81T1_nkW5q0Twr4XV5V0M1--hZ2-MJQV1-WJV7CgT_tW6f9ZDZ21sF2ZW2-5XZ73nKMK4W8mqNgB61Dst7W92jWRP513xSnVdbPb_45m8bmN7l2CspZ0H52W23mzDR1YtH9YN2xp02BkBFHNW2bmj0135p6SfW87bKyl1tBjVWW1jQ0QH95rTKHW1RMpsy6hQ_vVW2RR9zS9byPG0VsSPRK1MMRdXW2K3TmT6lNFPGW7CqDrL8cbskXW1rgFX24_y3YyN3csTSLRWtlx3mTg1) page Top 10 Largest Renewable Energy Companies 🔋 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/VX9Gyk6rBX2LW1Hcfg81T1_nkW5q0Twr4XV5V0M1--hZ2-MJQV1-WJV7CgzN8VjZ69t46ysMkW39rtTX11SSy4W8h5n6X6dJdc2W8f8TYM3_H6tfW5YMvtg5TzyxJW2TQLl955x5P7W5yGlqv9dpt7RVlllqc5LPRdxW6yVMK85YG_BvW7jFVDd2r9PR3W7q_DNX73VW1tW36H5931QkrZ8W4Kd18p862Lj4N8Y59ThssVBkW5TT7F_9cj0blW2k1PbN4vphNLW65MrJ06h_kWGVKTbT82-lGjy38R21)to read more. 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[Vote here, we want to hear from you!](113/cXx8Z04/VX9Gyk6rBX2LW1Hcfg81T1_nkW5q0Twr4XV5V0M1--jy2-MKpV1-WJV7CgNX4W38-88t2_Fw8rW5BZN163b_wbbW4WfzLC1NnynbN1ZlxCvXg8zdW7wrNJp8JgZyjW4d-jw-2KV_jYW1Nclv45lmvSxW735_pN5HMBl2W6_ftZr7cGryjW6ytGQ06jK3P1W4prkKC3bQDrpW3lvmv46qzyFFW3_cyb-1-DP9tW5T8Gy22zT3msVvL5764TDr4TW86QrjB7t8dFgW46s1Y494WdtTW4JZtMc4yWTPjW6pcgCh24NK4rW5c7v1p84VZc2N9b5kbBHmsRnW7J2QCP5ky1Gp3jG81) Our poll last week: 71% voted TESLA is overvalued. 170 votes FlowBank Blog Nokia's Right to Repair [phone image](113/cXx8Z04/VX9Gyk6rBX2LW1Hcfg81T1_nkW5q0Twr4XV5V0M1--hZ2-MJQV1-WJV7CgBMjW2dVCc57TJm7WN1l7fcC1WJq9W59fr-54jtpxcVglphP6DlwDVW1zmhsX4Yk1-sN7PbvrvDwx4jW18F_l05xccvJW334QH-51q_kzW8wsSmh977QHNW24QRKP4RkbcjW75lDrv8g-10QW5ggFMh7hNbGWVmWB331tBnDBW6SWMdY4nXyqGW6GSb_54hQWw6W69b4QR5yhgdNW8k3JGn79Zf1tW2L7hfN5hzbcT32dH1) Nokia's latest smartphone can be easily dismantled and repaired as "right to repair" demand increases. But does this pose a risk to revenue? 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