Meta cuts jobs 💼 SVB fallout contained 🏦 S&P 500 key resistance📈 Inflation cooling 👍

FlowBank's hand-curated fresh financial news [header_noDither] 15.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8N2-MJQV1-WJV7CgTgxV2Rjsv1F70T1W34G3Np5n-dypW504Z7d8J9P_qW3wGGbk56tCL7W2H9Lm53YtF4TW7W-31G2c4QHkN3vbM61j1yhWW4vTpw-6l7XQZW8rrBs64k2B_qVthwFx253JWGN650qJKqjbrPW6KCFMw6lkszbW4ZGwVr3rdYSPN4qGXxdFspdQW3-pzPW3xx62kW7nNrNQ3mxN00W4QZzL242vmfPW7dZD0z50cbr-32WS1) and [Instagram](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8t2-MJwV1-WJV7CgT1RW8Wt1Fl2wZ9KRW4v0bJz6v8RMMVH3FlL43hmF9W8n3STC5sZHB8W24tPKp6Xsz17W59fXfK4d8h0bW8Tdsg42r-WcFW7x6ccQ3Rx2PqW6rrRWV9l7CzrW6MGLff7TnMMkTDvP_7ZN2ZjV75XCY6Xs978W1sKm8d3252GgN5hjySVjgyWCW5_7L2P7xbkm9N7Ym3RjNS9PV35MC1) highlights below The Big Story [facebook1403] Meta plans to cut 10,000 employees, as the Facebook parent company strives to cut costs and improve efficiency. This is the second big round of job cuts in 6-months after 11,000 jobs (13% of the workforce) were slashed in November. Chief executive Mark Zuckerberg has said that leaders will set out restructuring plans to flatten the organisation over the coming months. As growth in the sector slows considerably, efficiency and profitability become more important. Investors cheered the latest move, with the share price jumping 7% on Tuesday. [Start Trading](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r932-MK5V1-WJV7CgB3yW8J7dRM8kd8bmW7ckVN32Rh8JyW2Xhxgw3pYSRhM245n1WB2zbW617qDJ6sGhYwVd5rC9503GyCVV4MJd3YqX7fN7cnR4g6Dw3FV2vhY83Yk4nVW7Xbjw94Hl3sCN5slystkMs-CW84YMKp5JQR1PW8h6lnR560jwtN4nHZG-gKs0qW7ZZsFq4vxDW8W3Sn8x93nMQKRW2-Vhk44d1GpcW4x1JMh6HQkc7V-rs_l5kn8nkW20gzM7934p_l3hNs1) Trader's Corner In focus • GBP/USD has broken out above resistance at 1.2150, the 50 DMA & late February high, bringing 1.2270, the February 14 high, into focus ahead of 1.24, the YTD top. Sellers could watch for a break below 1.20 to negate the near-term uptrend, exposing 1.1890 the 200 DMA. • The S&P500 is testing the 200 DMA resistance at 3935; a rise above here is needed for prices to drive higher to 4000, the psychological level. Failure to retake the 200 DMA could see sellers look towards 3808, the March low. Economic data • China, US retail sales • UK Spring Budget • US PPI, Oil inventories Earnings • Adobe, Ping An • Inditex, Ferrexpo • Prudential, E.ON [Start Trading](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r932-MK5V1-WJV7CgWGPW1rD3l-6cKbDrVk71ss5KX5-CW4DH_MN9dLy9LV3D68685ZTCTW3j-ZhN6Q2tp8W917F5S2Kbp1lW7T4DQb1g1xQpW1c7GdT64dPWLW4xjY1W2nmRYgW3Dvc6C5JBTHKW6cQDPd8KThp3W7CVCV873V310F1HwYLlJmnmW3f8ynD8qWQsLW1hXhsM18wVCCW8fHzpm2vxn_PN87CvtMFR5vsN7dxXcjpvX6VW8lX9gb6dbRCWW8qKlWR96z1JG35Rj1) Market Recap European bourses rose yesterday as investors became increasingly convinced that other banks won't suffer a similar fate to the collapsed US banks. UK wage growth also slowed, cooling aggressive BoE rate hike worries. US stocks closed higher yesterday as investors considered that the risk of contagion from the closure of SVB and Signature Bank had been contained, even after Moody’s downgraded the whole sector. Traders also focused on US CPI data which saw headline inflation fall but core CPI rise on a monthly basis. This morning stocks are rising amid easing fears over a potential financial crisis in the US and as bets rise that the Fed will adopt a less hawkish tone. Data pointing to a broad-based economic recovery in China is also helping the mood. Chart Of the Day US CPI is showing signs of cooling, leaving room for the Fed to potentially 'pivot' on its rate hike cycle. Traders now turn to jobless claims on Thursday, after the encouraging number last week. [Inflation US Feb 2023](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8N2-MJQV1-WJV7CgKrGW83JvKx3Z1vWwN6ZHntwl5NLbW2Cq9Bf79ppL2W4xPzQS8FrZh2W1VVSjT77jwjmVRGNvk7KNZzxW4DTgY65BLJgZW41KxpR24h1DpW44Qtrc2_BwYnW5pQ8bQ7lMSY4W8Qfg995HYFlpW8lPCv655p7vFW6Kr1X76JfNKHW82dMnG21wT_2W2qX4c33hkc5nW1l1Z7Y2mlllZW8f4l_m8hFzQyW8mz0ZV3T7yNw2Ft1) [LINKEDIN](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8N2-MJQV1-WJV7CgWqfW86Hy_p68RRcgW3GF55B4l6vywW7kmGhm1d73c3W8X085c8myg-ZW92nM_515rvb0N8ZJlgB7vdVvW8Kx6d449j3mFW2vw41n3xd3nlW5_KfhL1SGwNhW849Zxk1W21b-W2FhJlL3T-jtgW6cQrjf8l1pLXW70rnQ-42r68gW6qP_TF27l62bW5P4Jmy46p18PW3BpBPG4DWxl9W6J8c7J1SBgbnW7C96Hn6yyW6G33_j1)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/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8N2-MJQV1-WJV7CgQGvVWN3NX2TzspxVzkZ_N9lCkPDW8X43Dn6jJfKdW350Lh353ygQqW8prWW47_Lg3gW1Hjv0b4nT38hW51ph5f2Q1X7FW6cmG_27jhKr3W2V7rzH8j8CFHW9cxD-x8crY9wVzwjyw3__wR-W25FCCw6sYmdXVCQjyz8n7_cpW1qFG4R9lxkmnN4YjZ3_F0st6W5LGkDL1kZP3YW1yq-sK9cv4wJW1jlnlF7SdQqt364w1)to read more. [Renewables infographic](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8N2-MJQV1-WJV7CgV8_N7Ht6p_ynDqwW8pmf_p7305XWN1_pqGld96G2W33Q08j2S-j23W69QWjW1xKRCrW79xCS-6lm5D4W6Fh0sp8JhWd8W4d4Hsl93n_mbW521vtD71zv9hW5RKqSB4rlK-sW6vyP383X6MFYVpJsnS7X1mhhW5cY4763y42VTW8ncrSc76FVH4W7ltDXz6bgBkGW1V6G2T6Zgf45VjR5Kx1lMjdZW8Wr77m3rB8-z330m1) Celebrating International Women’s Day 🎉 [LinkedIn](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8N2-MJQV1-WJV7CgLtrVPJPBL5mmcRqW4Lm4zg2wG0CxW8g3gvf7wd2jxN6Zcjk1kxnWzW7GG2F23GmRf2W7scr323XCG9hW2VPp9P6kk7GcW5T42tg4MLJ8tW7M2BQN86whnCVqrR3B7nsp76W4_1Tst2Fd1HJW64PDzl9fS4YFN81vbh4KN3YsW6r6q7S2ngP0RW1DDDlJ73KZ1HW2Q8PsK1GHmVpN3D41GZ38QZzW9m1K2t21ttSC3nvf1) poll: What is the % of mutual funds led by women? [Vote here, we want to hear from you!](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r9m2-MKpV1-WJV7CgJPKW6BnqpP976XTlM_Fkv_SZJ9KW7t6-484D0SnKMYxDQYNfVNnN8TM_Xf1gMqCW2JtZzh2kp3bpW8-GWlP1Cp0QWW27PSGj7k4VtPV9mMsV3x3xLqW1krBtX6QBTMLN5fsF_bv-T7TW8sVcr97FXrS-W6yCvb83vr0KKW6RK8wL77f7t1W4b937Z4zSjm8N7PVcl89KyKCW7RnJYt4sB3lsW8H0-d522Hvs3TjRQM7sqHnhW5lMwjX78nVxHW18tSYw5RBgqJW63V8X-87y0tK3lTP1) Poll of last week ([here](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r9m2-MKpV1-WJV7CgC6KW36bMZv5_k2hhVXG6lZ1qGGRrW1gzlnC6T5pfCW2fMh-82CX-mQN6JKhtzmKjbzW1f8Sdf3gsks7VDr8NG6YgkkrW3DHLxM23Tmt2W3C6xj-4DLG5VW2Dwhs21S9Lq8W87D0x046kHyxW6GZ3Zc4nM5R5W3MMYK32Xv1jGW6LnNDj2RNpQgMn3XJ0cdX3sW8qc4_h3Bvbg2W3FQ9b37h105kW72Wk1b2SY9WrN5RDBm9W5yvJW4VRvPf1DsK9hW1RMBV78HxP_BN96G4mzQ-2f43py61)): Preferred number of stocks to hold in portfolio. [INSTAGRAM](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8t2-MJwV1-WJV7CgHqGW3dGtlh1NY5KPW28mTKV1yJq0MW2_YMDP8Cd7XrW79r5Bk8F3WkNW1sHtPx6Hhy69N5tzGmtZ35j9W22WL9D3YjJYRW2QNvJv2jlcThW98jN5g4rPW01W5pJ9Dc3tC7qtW1yCvCb5PfFmTW8HXnhl4rF095W8fxg7g2lPjmCW2FHp_W5n1_RsW7zmTYM2Tkf9gW5w1d173v04173nF91)Highlights 6 Inspirational Women Leaders 🎉 They have changed perspectives in their fields, and on women in general. ⁣ Click [here](113/cXx8Z04/VX00d-8tBDx6W81mR2G7CsRkjW44_bnN4Y862CN3Z5r8N2-MJQV1-WJV7CgSp7Vff0_B4mV6FpW96cmVm91ZQwYW7yjSvF41xRdSW5ts1SX96X5GyW1WRrZk5VN3sjW1P6QP244bPrMW2h1zQv45lgJDW4Jn5Yl8b3VKPW5T9V5b3f4jGsW4B2w797kj5TCW2kpCgL3wFr_LM2Tj4MYCw6QW6fW2dg9lCRw8W3PdLpF8wX5vLN6X5YqkbYGzkVzLT-J6R59wnVGkRhr3P29lNW5w2pM423qt8l3dhj1)to see the carousel. 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