FedEx smashes forecasts📦 Banks rescued 🏦 Gold extends gains📈 Oil's 10% weekly loss

FlowBank's hand-curated fresh financial news [header_noDither] 17.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTt2-MJQV1-WJV7CgFvVW2KvZ1c7z6k8cW2t4Z-71VnwW8W79FvMT8ssBwPW6630NK8YTq9DW9dF7y-5trvDrVnPSpf741Z64W7z_x6q290VXhW59ggSf72HNgmW3VBTP98tq6P2W49Nb9R8mjX3zW6fwZ9D3nNHmMW6cTgQ14Xnw6_W7SLz101jm7LxW5z5gks8vHRphW5SM6f71Bdq7gW221krk1YyC_3W7drMsq4Cj61JW6vmCdf17KbST3lsT1) and [Instagram](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlT92-MJwV1-WJV7CgSd-N7Q0pMH8Q4LKW112R1b2St1jhW1DrCJ571zs2tW7vkKyv8dv-ZCW8P9_vH8Zd2bMW7GT5D4438DJ7W6C52my8y4hC-W92f1gL5nNvWPW61HTZq6j8r67W14wDZW86pBJ2W1M60hC5NGdRdW4NJ9YZ6S4VgnW2RVTw14PzPJYW3JfDKQ6Hyl83W5yzsT26xvV5dN2Dpj8H1_8yk3kdy1) highlights below The Big Story [delivery] FedEx jumped after smashing quarterly earnings forecasts. In its fiscal Q3, the bellwether posted EPS of $3.41, well ahead of the $2.71 expected on revenue of $22.2 billion. Efficiency has been a key focus for FedEx, and evidence that costs are under control helped to boost the share price by 10% in after-hours trading. It raised its 2023 profit forecast, despite weaker market conditions, which are expected to continue to negatively impact revenue. [Start Trading](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTN2-MK5V1-WJV7CgTszW33rZHj5Q8LJjW7Kv4gb6hq0HXW7ZSWgK4Xlz2rW88qZzK2Xnj3TW7Qmvdc1_K6cbTKd7j12K13ZW74KsPJ7GL44XW7gnL2J5BPWG5W5By_vt7RBxk1W1db1463FDQ2MW8RmHp086072kW6fS_y81BNjqWVCsy803vVvgQW5gSmkB3hQgcGW7X776H8cv0-RW8WpF396bfpY-W8YScBQ6y76tnVNzCcG4gXKsrW3fJ2dh4XKw5ZW6fgtx930FxV334k21) Trader's Corner In focus • DAX rebounded off the 100 DMA at 14700, rising back into the rising channel. The long lower wick suggests there was weak appetite at the lower price. Buyers need to retake 15300 the 50 DMA to extend gains. Failure to do so could see support at 14700 retested. • Gold closed above $1919 the February 3rd high, opening the door to $1937 the weekly high, ahead of $1960 the YTD high. The bullish RSI supports further upside. Should upside momentum wane, $1908 could offer support. Economic data • Cad. PPI, US industrial output • US consumer confidence Earnings • XPeng [Start Trading](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTN2-MK5V1-WJV7CgWLlW5sv6RD2wBckrW9jh7TJ2sHJJyW7JpWpG7m2L2nW24FS-S94kf2FW4GShfw5zbtkTVMhfpw8f9vq1W1z06yT5_1hrSN1L6JGYynTjyW3Bgz9N7R-lj4W71lgVC7Zv644W2vPyzL2Cp987V2cjr-7MT136W8CbLBw6mWcrFW67Hzt36RL-wqW6Jbk2q4mM2ZhW2Nmf7L6zGHtrW5Bdt7G4Cg8qMW8Dsg7y8ZcTW7M9gKJvPzQylW4B9tZ93jYLMr3kFs1) Market Recap European stocks closed higher after Credit Suisse shares rally after a $54 billion lifeline from the SNB. The risk of contagion eased, boosting banking stocks across the board. The ECB hiked rates by 50 basis points, in line with expectations, but provided little in the way of guidance. EUR/USD rose following the announcement. The main indices on Wall Street rallied strongly on Thursday as major banks led by BofA and JPMorgan teamed up to rescue First Republic Bank by pledging to inject $30 billion in deposits, calming the market. This morning stocks are rising at the end of another very volatile week. The US tech-heavy Nasdaq is set to book gains of 5% this week on hopes that the Fed could slow the pace of rate hikes. Meanwhile, oil is pointing to 10% losses this week, hurt by fears of a financial crisis. Chart Of the Day It has been our house view that tech would be the biggest beneficiary of the banking stress. The rapid coordinated actions of regulators remind investors that regulators do not have the risk appetite to put the current system in danger. Treasury yields fell off a cliff, and that is supporting tech stocks, boosting their valuation multiple. [Nasdaq 16032023](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTt2-MJQV1-WJV7CgV7fW4Kyj6H5rfVHjW7DVyNh1w_TDYVTTxRb6MxQXrW1M2dQh5Cndh8W6qqGLf427hk2M6CRmgBrZ9nW2gFH2B2v_2_rW81CTLv7hGcxGW2yg0Q_4Lt_M6W7Qt1Tq5fPSNHW38fmLX5z-pyqW94m0Qf54_02BW1fzSVg20JRtxV8k1kC19VZXsN6ZbwXdncZNgW8jTsbY7lyfhHW4d6wgS4q_776W1NBV2S3XDm0136rW1) [LINKEDIN](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTt2-MJQV1-WJV7CgLdTW1k2KS834Gq15W8Hhh8K89XpWRW41tM7x6pv4ZQW5T-FBG2qBz-VW2H83_r23Hk8BW1G4Fh624cdKzW3dJSj52xNPJxN5nsVKp5J2b7W7k4nvZ23RQdgW8tskLC2dfJwrW5gyTkK6c3TspVJqhGj7w77GyW2VbQkb1NrgNQW3J7Vwm8j8x3gW7mRPpH6-h3GPW4S_Gdt8wMb3pW8yt7Vp7K_fGjW5kYN7j4LPCHN2KB1)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/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTt2-MJQV1-WJV7CgZ0vW17w6p540NB1qW1HQxNj1-t6D9N59vRBdXsSj2W2XtmbR84N19cW2Tpygd1Bc3_-W1tlCB28jPjz0W5F90vD8QPsBGW8Ws-W37zNkVfW6v2WW42NTnzrW1YXVHM3MBhy9W6KGpmc5_S1gVW4nYCnH4nhzc5W1msPGH59llDHVMw5s96d1519N67MMr-51PMQW18xVr72ydQ2cW7sLsDR5-CCXlW4S3jPk4MGR_Z39P11)to read more. [Renewables infographic](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTt2-MJQV1-WJV7CgDzJW6b6kGJ8mG5r6N1w1NM4hfXqfW2fr7_t4bZ8M9N8BJsBYhkq1XN8bjhpDHZxJjVkQtxh7TB4rMW4tjSF64ZzMjMW6Jtf0m4FByMQW8Kt_D57vwP05W7rJnFM8z_kz6W50XWWq16tCVcW8bkwng8wY0fhW4yf7-p3pRPhfW939xB74mYHTcN7TS3M_CQJ00N5lJYGwRlC4NW2BtP7J7Wb_n0W3l8Jhx17zD9p3mZm1) [LinkedIn](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTt2-MJQV1-WJV7CgL1jF8rs675S0QsW6HgvZG2DMXmBW3H44nD78krTnW2wMXkJ8jLSL7W4lTRw96qvp3bVr0RGk6JfrKdW8lBW1W12spRyW6sdMrk5102YsW42n7Ww6GVSdsW4TySrN4F0PdfW3p5wc73w6QwCN5mg1dTc5Rz1W2fzGg17WZN1TW2G35K-6p9903W2gTb7k8hNgtLW1WCtS94Jl3_CW36DWwX41XpD8W45RnbS8N4rtY3q8D1) poll: Is the Fed nearing the end of its hiking cycle? [Vote here, we want to hear from you!](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlV32-MKpV1-WJV7CgMGCV5qF7r2ZLFq9W2k94sV5r6xpFW8ct6WW1NBxT9W4FVqGS2Lcx9MW5nlK4_10Wdh1V6Tt826zZ9kCW3Ct3365bjFbhW316phr46BPX0W26d5Dy4fmDCyW21lR3D7v-3gfW2BvP3z57nHMGN6Qpm_TJlgMkW74jl2p4JTmsjW5F6rrS3jVYm9N1MJtvnV8BrRW2nZSKl3cwpWdW7Rh8pR5z3yLBW5WcX3f5FnB_QW2jKd4082p25fN4YtZjNXVLBMN17Xj_r-2SdlW1vSBWn2YsdvN3gKP1) Poll of last week ([here](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTt6XSK9V5X_Kf7CgX5lW4Z0tW38KYh20N66GXQg2_thpW59RZHs1JXJRnW4Z5KCM1Sy900W1XYKMW7GS9lLW5ds4MJ88d0LdW3_x8fj45LBh3W7v8yfL45PMSDW3kRdk44_tmhCW1c_1fD5xdC82W6FDQ-Z7j7yFRW6Zvzxl6l_FsRW5kb81-6y3zBYVRb9z57-VKhxW85WPtg9j5ZLDW4_G4bG6fyfc5N88RLmJzNSxFW7BRZ_l4KFG42W1slrJG131HQ3W5BMMc57qnYP9MMMpc5J9wV9W5xP50W4Lq_j_W2Fpyz89h5wvRW9gX2r32FYffYW2FtQDJ8MpvXrW6wmFhy7mLwD6W9l0VN-1-SZpBW4pClCW8shfg7W5XFFb01pSyzWW6gDVVN5dTgFXW64lWdF1-y66RW6fFgy3317bKNW2PbT812pJgjvN4TPfcrgHnTqW1gLfQd4YBrWPW82T7B12V-jhvN3yJ8L7-TpdtW5jBKX-2f1pR6VfjGPZ7WrN-vW8VqSqr3N76v1W6RLcnX5gqb7BW8C-r8H1M73chW7TkBLb7HTtcnW5-GJMk33Z6YwN9czYkq4Hj2DW8JfByz1Pp5vgW9bfLQZ6W2Gp-N2V6XSDYtgzsW4XkHjh99YRs6N69D1gdCxpb32HJ1)): The % of mutual funds led by women. [INSTAGRAM](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlT92-MJwV1-WJV7CgR5cW9fb8Lk26pYm-VlbHd26WYQlnMsWN8LYGqxfW7BY23y6P3zkxW8CjXtf8gsMHWW5w0jd01yljdtW5yGyzH5S_pkMW4B78YQ8Qq7-fW1GKx9j88jgqvW2G44rf7p87DhW8GhM7v5dV1dsW4MWWjv6VNBkrV9-bmY39LVjPW360ZlX95V59qW4BLbWl8bx6zpW3th4y_3lrRwf35RG1)Highlights 6 Inspirational Women Leaders 🎉 They have changed perspectives in their fields, and on women in general. ⁣ Click [here](113/cXx8Z04/VW8ZBZ5_GmF_W3RhqcC4pdRN0W76My974Ydq0NMLtlTt2-MJQV1-WJV7CgYRXV49fQT8ZCzhFN7cQfmDRSrcyW6bKzRT8WQrGMW4TG5YP8Jtsz_N5GVPTk7Q_zmW8bwfWl3nZDH2W6Y6dBc1G0xY3VWkl4T3p3GdTW8kzzJN5bpxJ9W2lkM9z2FQsQ4W6XVNfD8hq05QW1YLNp18h7LJ9W6Ck4g_4bFjxSW98-2dd3850Q_W4Q7W-53czqRcW6z6Z5P1F8zJ2W3nRy9T1RlNv8W1Ksp2q3rjvmZ31dS1)to see the carousel. 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