Aramco posts record profit 🛢️ SVB fallout contained 🏦 US CPI & ECB this week 💼

FlowBank's hand-curated fresh financial news [header_noDither] 13.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VWrdz03C8KY1Vp9SXB3r2FXFV9TLwZ4Y3Qm0N2SX23c2-MJQV1-WJV7CgH9qW7qgwhS8Jk3xLW3pXv_k8YQ3TQW3pqPcv9bbkKfW6xpDtQ5j3kG_W2Vbbmd8gXsC9W94DNTh5SsD0bVd93Vg2SYCMrW8477Fr3mDp2VW8fPTzM8ht0svW4TRyTW3h0lCrW31VppV2wxT_XW1YpKxV6mHjXkW4QM2R78bwMwdW1vFNpS4gfNqZN6LDV9K6bpfMW38_YFM1528SsVZ9RKb3WZyT4W6gxprP3WT_Nb3b8w1) and [Instagram](113/cXx8Z04/VWrdz03C8KY1Vp9SXB3r2FXFV9TLwZ4Y3Qm0N2SX22X2-MJwV1-WJV7CgKw0W1L3jqj3yRmJwW2DjNNl2b3RzvW335mxg8qYMYJW51tbGW2cGv6wW4VBzjH5csp-pW5xrMCF93Wq1FW8XGNYp5m_17CW3DhT2t7QsbfqW6Ccmsc63TMFgW67nFFQ5vlcM4W5NzJl263wJ1LW8bbmsW6zJBkYW8dcl_Q6Fwgl0W890Jsx7SsnFXW1j1jM-7JlxwqV4CPDx8K78QL3jLV1) highlights below The Big Story [aramco] Saudi's Aramco posted a record $161 billion profit for 2022, a record profit for any oil and gas company thanks to soaring energy prices and higher volumes. The 46.5% rise in profits came after Exxon Mobil made $55.7 billion, and Shell reported a $39.9 billion profit for 2022. Aramco, the world's second most valuable company behind Apple, declared a dividend of $19.5 billion, a 4% increase, most of which will go to the Saudi government, which owns nearly 95% of the company. [Start Trading](113/cXx8Z04/VWrdz03C8KY1Vp9SXB3r2FXFV9TLwZ4Y3Qm0N2SX23w2-MK5V1-WJV7CgZQTW43hPDK303DVZW6vQP1B7p4QdrW3TDR5M8dpXqGN7-5zm4RKTZfN33f0R978t31W995Sj92L_m8rW7gGVSJ2S0sPFN6lfkTzsr5SPW6m1J9m15gR4YW6Xb1-T95Sxl1W6lyn2m19dj1FW4qV8w-6_KvWLW9bs__q8TD-4kW72wyJ65L5ZBWW65-_-K34kTyQW350HjH3xpyGmW6381XD4YMXQkW7FNB2K3CYqdXV4MpTd1tLDw8W3TsSLm8TFrBC3fyX1) Trader's Corner In focus this week • While a mixed US non-fam payroll report helped calm bets of a 50 bps hike by the Federal Reserve this month, hotter-than-forecast inflation could revive those bets, lifting the USD and hurting demand for stocks. Expectations are for CPI to fall to 6% from 6.4%. • The ECB is expected to raise interest rates by 50 bps again on Thursday, taking the rate to 3.5%. The markets are pricing in another 50 bps hike in May after core inflation rose to a record high, and headline inflation is stickier than feared. • The UK Chancellor will unveil the Spring Budget on Wednesday. A steady approach to public finances is expected in the