Uber freight spinoff 📦 USD/JPY tests resistance 📉 Nasdaq's Golden cross signal🏅Jobless claims 💼

FlowBank's hand-curated fresh financial news [header_noDither] 09.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7w2-MJQV1-WJV7CgNYVW8FfMk72ctcxDW20P04r4bt95hW7fgF5L5fsy75W2CB2gt9h7mNQW61SFhk3Y82TyW40-gdR1lDshSW6FClK36Yf_WmW9hr53j7ty2YtW4T9VxX4GRwZfW67W5np2vYLhCW6_fxXP2lhX5kW5dcXT_2b2Y-SW3bFkl_5GwWcJW5l0Vs68VX13gW1L6fxq2rhvdtW95RNlP7DF141W5CVXP868_-6HW4Lt_3H15k2nj3qpK1) and [Instagram](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7c2-MJwV1-WJV7CgTX4W72vtFx4-RcdQW7xFyvk17NnBmW4N3T7B5D1f6SV30MlH6hHyghVRWZsF6rtS2yVS7Tgl5FzMlJW9kxjt_4k8gmwW2yHldJ3g60T0W7fRd5Q5RlSTYW47cgHZ2DMzFNW6XqJ8z7VLyBRV6ky1T3g6_DLW2FMv_B3QHwh5N17Tbwc43C4wVxxqcR5P6zRFW8X-d175CJlzz3jnx1) highlights below The Big Story [uber803] Uber is reportedly considering spinning off its freight division via an IPO or a sale. The move would streamline the business, putting more focus on the ride-hailing and food businesses which are still growing. Meanwhile, the freight division, which is expected to experience a broad-based slowdown this year, would run by itself. A decision isn't expected imminently, but an IPO is the preferred option and could be lined up for next year. The Uber share price rallied 3% in after-hours trading. [Start Trading](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7Q2-MK5V1-WJV7CgH8DW8B7Ksz6sgWdfW3LXpZH8_hJbNW5gtsnH8DJD3_VjxTBX6zrWlSW2C7NHh9h0p3tVv_ntn2Bds41W2gty-62XT79rW71_64g1fN_46W8dB0qJ1kgyBmW3wR7Fb544rv-W7TYmKt8C7k1tW4sqDcK5lXrhLN9cRHm79WZcQW1VF7xJ7HwQYfW8Tkb597RpDmZW2TlnDg17zv21N2Hd9KK26R12W2QY6WL3Ltg7KW1Tjd8d6fk0cdW7zZd869kNRTH3g5m1) Trader's Corner In focus • USD/JPY trades within a rising channel and is testing resistance at the technically significant 200 DMA at 137.50. A rise above here and 138.00 could see the upward trajectory extended towards 139.55 Failure to rise above the 200 DMA could warrant caution • A golden cross signal, the 50 DMA crossing above the 200 DMA is seen on the Nasdaq. The bullish bias remains above 11830, the March low, and could see a retest of 12750 and 12900, the February high. Economic data • China CPI • US jobless claims • Japan PPI Earnings • Oracle, Applied Materials • Harbour Energy, JD.Com • Deutsche Post, DocuSign, Aviva [Start Trading](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7Q2-MK5V1-WJV7CgBmZW8-jW9x2HrRWdW7rhjLs1NR8vJW3T6VKz7MBJ3FW7zt6C18cnClnVln0CP4nHtz0W2HSx0W8n4BMVW3k4mCk6Rccd7N5p1fwhr17hSW88gZsC8BtkJvW6Lstd52FYWSKW3PM8mX6pcKf5W6NG5Lr5KN0ylV65Ww559vBjHW18M70x2n_J8XVXdm-961bt6sW3GXy-5413vF5W8FsHwd5jTcKnW6St4MJ1yjLHpW4VCTLQ3-JzyrN8pLhVPWTtsN36yk1) Market Recap European stocks managed a positive close despite jitters from hawkish Fed Chair comments earlier in the week. EUR/USD struggled below 1.0550 and GBP/USD fell to a fresh 2023 low. The Dow Jones closed lower after signs of a tight labour market raised worries over aggressive Fed rate hikes. ADP data showed that 242k jobs were added in the private sector in February, well ahead of expectations. The data comes ahead of Friday's hotly anticipated non-farm payroll report. This morning, US futures are lower after weak Chinese data, which raises concerns over a strong economic recovery and as Fed worries persist. Jobless claims data later today could shed more light on the resilience of the US labour market. Chart Of the Day Oil prices fell 1.4% as fears that more aggressive interest rate hikes by the Fed could push the global economy towards recession, lowering oil demand. [WTI 08032023](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7w2-MJQV1-WJV7CgRGFN3DcypdRz6SvW6tJ87r3yZqCyW9gtbqb3HK7VjVqbx9F8mH0FVW7T0_gx30MGc2W6xqF2c1V4xmGW5BWDr12jd4PkW3X1Zks1-YSWsW6s3v-X3BMDmwW5ppkYy8yr8p8W8LYx3k1M-NK5W8TXyfJ24D-q1W30Jqwm2Vv9TQW5LCRZq6yCxvGW1zmPS12qlcckW70mtnC4Fw12zVKF1pd2nKSYXW3XJLhF8jHh4G2gb1) [LINKEDIN](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7w2-MJQV1-WJV7CgMhMW139jt_7jhlL1N6YXBhDTwyfZW5SqkGw95JpYBW51GrrW7gJ3S0W1xMdjJ8XdC_2W7xJLrx7MW4y7W2B7st-1bbsJnW7HWXT18vS9c7W87-KV96kkfKfW1BvsX64tRCQCW7vkM321Lrpr-W6wjCPY99LlPmW10XkYF3xbmkHW1blwXF3cPtfTW4FThZ95bZFf5W1SkqKh5hGh_yVL5YVq2NP6RNW3sq-Cs8Ylk_t34b91)Highlights 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/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7w2-MJQV1-WJV7CgQVsW4r2ZhW5tpbWXW46K5Nb2tDd3KN1Tz-CvnnJcWW2swVLG9gS_h2W3yhZv07_-fYQW47hX728H9wMGW5cSPsm7SLkSFF45srJ6l30PW5cKKzw70PPZqW6GTpPC22HmSgN5fShjsnY4CwW8rj5lC4Q9WTwW9hsd7C6WfhX1W3JM9ll7LBK4MW81cXbg8LD7w7W8cpmZL753N2-W1X5WwT38bHlXW4dt1ng6mvXbS32nK1)to read more. [Renewables infographic](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7w2-MJQV1-WJV7CgVqWW4PfmGC3LZd1xW3636hV7-TSM-VMpZ7G76S063W6GVjd_6jh-23W98nrFn66wbzCW1ptn7j95D3Q1W3XqT6s7CnH2ZW7BFcCt78ry_DN6fgx3BXFd9JW5jtDcN3sFgmsW5W_66x3kxRFCN8LV5S5mfxjXW2GkzQR5Wr_1KN20pL-HK6w3DW7KvfQm9hrS6FW6_zqn68V0hyHN78BTwszxsHmW7L_5yz7H4cMK3hK61) Celebrating International Women’s Day 🎉 [LinkedIn](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7w2-MJQV1-WJV7CgWDjVGXQYt6QF0nJW7d25rL8scC37W6N3d1F1LmZPWW72qQVW7BcLVJW1DnMMW86wzwkW1Zdjr33QwxxMW25zL7_7cGHv_W5GLhz27lDct4N4YxFLW5YK0CW6qGNS-7TZDXFW667TLs6F-X6BW3VpCWV3Gs6nRW4m73Dm60c8DfN2P2pRL-GKplW21QFXC6mxnjkVQWfXf1zj4_8W3vl6TY1Xz3dpW4DM9WF2TtXJs362g1) poll: What is the % of mutual funds led by women? [Vote here, we want to hear from you!](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn852-MKpV1-WJV7CgYM8W1JQWP159NysPVlGwrg3YzMZlW3fnGGG7bbBy-W3p6wMk8R8WtQW8_F_5R3zm3SmW7hggrz2TR4XRVkrlZr3fS9jwW7cRg8s1ktMWWW7YxBY08BWhSdW5ZdxKS1lrw2jN82vTjJcTnTgW6fQ0ps11hlPFW37yNvq8cQdyJW5V3dqS4j2882N3HTC4mCmFLsW2L0wLj4vwDZfW350xNj7f_DR4W7gSygB2TZZCQW8wT1n53Vw4wZW1gS3BF4WVJbKW8K-nt82VcMncW1MsfKN1ZcHg33qhg1) Poll of last week ([here](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn852-MKpV1-WJV7CgMGDW58zFt846_W7BW435q5g2y-nkcW6vD9-53tw5sVW1Wqs425CM5zPW5-cCBb14tCZbW5ssXLJ3N9cvFW1jRqMs2gF6ksMKfNKVGwX0cW2XF6pk11ByCwW3wHCtJ8Mw6sbVg50lP3zd3zyN22HB58kQbyjW5DSMTV23tnSfW5K6dLb3VN5hhW11KdG03KZFvsW7ZDlQv5z-JrlW2TCdzG4p_DKZW7fdWxt50n4TTN1byH7BZJjy2W1X7pBQ87M-6TW7BbVbm44zHr7W5dXzW-1cLCQL34Zl1)): Preferred number of stocks to hold in portfolio Thank you for the 193 votes last week. Click [here](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn852-MKpV1-WJV7CgDgWW5MFyK46wVk_jV85Gf698F4nsW6-dbDj56GmWmVGsnml292MdVW96_fp615SXTNW8G-p3139GwfSW74FDr64b40kkV3D_-w1TX-_yW6YRLnp2LhW7TW4lLrj041HXfKW4G53nS8yxPDvW4mV7Ft2LNBvTW7QF9Mv3yXbGqW1P4Zc92Q85tWW7yvt8x8Nj-HCW6MgJ9V2ZbKdtW3WV9V85wwLKfW7N8__m4w14L1W6y81dm93LWk1W5YBL6X6mC7P4VtvTYp4J9SxjW1S6Scv4kX7dl3dvy1)to see the answer. [INSTAGRAM](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7c2-MJwV1-WJV7CgPZrW3gp2bJ7HB7KFN7fvK_d9mmm_W6j5q_m6fLhSHW89fTBd5JXRCCN7ZWk2cn_GT9W2qLrbd1b0WhZV9sb-j128Rx1W42ZYLB4RMKbmW3Xxcbc6wqs2JVVK3-455vNkKW7sK2fN4h-sJxW7X-7213l7PwlW8H18W658QbfGV1_2n67pmHCwN391RHkdkxw6W4J48F76wMPX83gf31)Highlights 6 Inspirational Women Leaders 🎉 They have changed perspectives in their fields, and on women in general. ⁣ Click [here](113/cXx8Z04/VVP8YC1b6jcNV7k3L038nxktW8mS6hr4XXdjgN91mn7w2-MJQV1-WJV7CgM7dVTr6HT2nqngrW6MHlRn48vrksW2XgwTg12mmKlN6ZwqNv1bMgJW3r522R1NykqLW1x30j-1w9y5MW6xGygF4DGNPZW52bC5942nnsqW3QGs7w1dg-YsW6ffdGd7xlqvRW1sz20C6C1wr4W5mKljD2CY29DW5zYHLJ2z8NDFW4kPdb39b-ZRzW3ZSSpm3qnmPhW77PztS5jvWGfW7sC5JY2C1Qt_W2DPjRr1Dws8D3fCJ1)to see the carousel. 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