Nike beats 👟 Fed rate decision 🏦 Recession fears rise🛍️ GBP awaits UK CPI 📊

FlowBank's hand-curated fresh financial news [header_noDither] 22.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgFs6W3qjhSC70kwtYW7tj9Ht7tj-L6W2PJTy7398QK9W38ggCF7FKMQLW7cFHBQ6PzDwBW7H6VmB4dqdH6W8M99Nz4CcKhPW9dtQr23lPtglVD2z1v34PGzcVWTSG58VD8_lW4_FfJN3R2qYdW1f2SSZ2RM4xBW2BsW8n7CXjTbVWXYfF4Xc252W4pZkfV2qnJWVW4nWjcq5NdCNdN5HW2Y93LZ3mW5CQQfQ7RYJMk3kNW1) and [Instagram](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8Hp2-MJwV1-WJV7CgFCqW3jlrjC66J9-4VH_QDK5kMKy_W3QtNJ08VV4hRW3xt_dC4NHRRfN4pYdLmb0VNmW7GXTKt7-qM4MW1YG0Ty3hkCq4W8_HnDN7Yj2pDW2GhBdg6vnfW3W2TYKPr7zwHRkW8Wcm_k7M2Z7pW2rzZGw5K1LTDW3vSP4m4WSK72W3wc8x69br9L4W2gmgb74_6qKjW5g1pZb54p_Nf35zY1) highlights below The Big Story [nike2103] Nike posted EPS of $0.79c against $0.55c expected, on revenue of $12.39 billion versus $11.47 billion forecast. While Nike easily beat expectations for the important holiday quarter, China sales fell short, and a glut of inventory hurt margins. Margins fell 3.3% to 43.3% due to markdowns and promotions to shift stock. Nike had been hoping that sales in China, it’s the third largest market by revenue, would recover post-pandemic. Instead, sales fell 8%. The stock trades 2% lower after-market but is still up 5% YTD and 27% higher over the past 6 months. [Start Trading](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8H_2-MK5V1-WJV7CgDCkW92-rwz6__xMnVCQt1z38fC3qW62SxzY4SHp_QW17hdCx1P3gSBN8LVH178y9FSW69Zsf41ctfx-W2564v297P4rVW2tXcr921g4lvW3n_9-l1XyvDRW6PMByB58t-5bVNjYgZ8bylKKVX8Jsq6b1zs-W7K_R7Y5j1C3FW72cwmM5_DrJRN7hf2-DvH9PvVrzM_C5vj2rtW6sjh896GDZDLW6STv4z4vnxFTW1h9KBF40PqntN6wG1RZBHc8C33ym1) Trader's Corner In focus • GBP/USD is rising, reversing yesterday's selloff ahead of UK inflation data & the Fed rate decision. UK inflation could provide fresh clues over the BoE's rate path; cooler CPI could put the bears back in control towards support at 1.2145. Expectations are for CPI to ease to 9.9%. • Gold is holding steady at around $1940 after its worst daily performance in a month on Tuesday as safe-haven appeal waned. Should the Fed downplay recent financial market concerns and maintain its hawkish stance, Gold could come under further pressure towards $1932. Economic data • Fed rate decision • ECB's Lagarde speaks • UK CPI, EIA oil stockpiles Earnings • Tencent • Chewy [Start Trading](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8H_2-MK5V1-WJV7CgzW3W1BtncJ99ggHGW5ZqTLc6GCw3RN8X22KHGjp4WVNJVVp5-RX0kW4M5hy-7nzJ68W3jk02J2-D11KW72KfM16kg0grW2JZg1q1Tv3XCW4Yk2Q763F1vDW5WhFS86dyCH0W9gYrlb6lndnkW439fnQ8gCKR4W5RlDcm17XLCqW8T4wn848ngZ3N4-lld_hQ7QcW5j7-G86L5NVwW3NCTfj7FDscZW3SJPHp5R_hDnN8H8FVr4Z7Q7W62d8SK2bXt243b_91) Market Recap European stocks rallied, with banking stocks leading the charge. Investor confidence has been buoyed by the UBS Credit Suisse deal, in addition to the swift response from central banks and regulators. EUR/USD rose to a 3-week high, shrugging off weaker-than-forecast German ZEW economic sentiment. Wall Street indices were also boosted by banking stock as regional lenders staged a strong rebound. Comments by Treasury Secretary Janet Yellen that the government would provide further guarantees to deposits in these banks have helped to restore confidence, at least for now. Today all eyes are on the Federal Reserve. US futures are mixed ahead of the US central bank’s interest rate decision. A 25-basis point rate hike is expected, a smaller rate hike than a few weeks ago, owing to the instability which has surfaced in the financial sector. UK inflation data will also be in focus. Chart Of the Day According to the latest BofA fund manager survey, recession fears are at the highest level since April 2020 and March 2009. Looking at the chart, these fears seem to also be correlated to stock lows. BofA found 42% of fund managers see a recession in the next 12 months, up from 24% in February. And 80% of fund managers expect a stagflationary economy to persist. [Recession fears BofA 20032023](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgWCkW6Zv-2r1yWqbbW3tNncf5j8lGXN6pWdtqjHYdmW3LS1DY32nRSxW4cRCyJ2BDnTNN5l4MZnR9_LrW7ghd733x1h4BW7CQy4Q4hylXwN8CzmDZd0rqcN6wbRlRDLq3DW1HVWKk3bMCWBN7LWxjR5t0MgW3_kNhn2cBPLmW58BTfN2_qVPCW20f63c3QhM1CVTtw933DcWVzW2hdNTV4dMTzFN86DgLmG8jw03mxF1) [LINKEDIN](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgPnNW6-cs7v6Rjc7rN93cHX37dvyqW7Vb8hf58Hm_GVq0vj_1jwbJ_W6Db59B5LdvQfW3QYb315RtbNCW29SMX21xYN2rW1KWhl97lV0FcW7NHYTT3lcSSgW9lVYB53dw8lcW6zTfdF5SX2w6W3Pvdht8l2_39TSvGC1rSg87W7Mn5kG6yMyr4W11nbHt3JdLbRW1RgVRf82H28jW5S1h8432v-S-W3QW_TP7ctYvq33zZ1)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/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgGG2N49hzHrDxF5_W6dkLw31bvYjVW6hnqCm9hFW18Vc64ph73s1zzV37g548Jj1s1W1lwxXW8VVrQDW7cn-628KwgTSW7SVPpR2gxHKTN5QKQ8QL5TdMN4Hlqfw7fqrhW2d23hY6CfK6NN72QS0fH-SC7W7SkXt_11wYY-W31MXCQ20rgCjW1g22BZ4-clSGW4HgzmH49ZV0_N8Gm3yFnVsqHW4r0NQZ1-tjPm38Xt1)to read more. [Renewables infographic](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgNnFW15-qZJ3H6dv3VQ8SfY54cLrGW89gQqr6cxnRdW4K1pBd99rk2fW2PKtrD5J8tJpW99qDB589TMbVN7FwqL9HF3L2W5cdvnw9lb27tW2BNkyf8Pf8jmW86dNjV1JyQFkW2_-3vg7cXBClW31lf603ccVHhW6NYJkR711J7lW8DTrvv4QrZXnW41VW1y3kt8zPW7B1LVL6pg1nwW3nc8jV4cCDknW3GgfbQ7ng8Y437Cx1) [LinkedIn](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgXD5W1DQKZx9cGh2nW17yDvl6lmqLxW8vFKg26tRMYtW8Rcrfw6kk8mDW4DcC765lyrSjW45sV9r3PkwKGW5DTB8r84d4_1N6fRxXLXd1pMW1M61NJ4XTzXzW8Z3z7F5Mxkk4W62tkw02wDw9KW4cmSRS3RcfhkVK3yft8knPpdW4S5WjC6xCFMwW37MVKX74hT2RW8FRt2g587GzFW7zscV260YbhBW6b_gC01RyKFq38Cd1) poll: Is the Fed nearing the end of its hiking cycle? [Vote here, we want to hear from you!](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8Jh2-MKpV1-WJV7CgG3_W71bRWG4vvN1VW6Wd7Yv8YW7FZW8ctlty8cQwSvN5FnTKCnW7_QW5tcQcW4hj6gKW1wxbV-4PWClJVBzRlc1gnlbGW5TfSPg1YtZZyW7ryLD48V0GM6W17WN5n8gN19VW5WHSTm7VlHwnW5YHH7s2W8J4QW4g_yg372Yb0hW5LKHR83wfSfmW71xnYH6l26q_W1fJ3bk37Sm-qW7ClDdX3vRk6yW8NTwLp45wVXhW4HyBsC1nCPHdW3hf7ww8vLdpcW5VMm1D1g2ZdhW1ft0pF7BpqVC38101) Poll of last week ([here](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ6XSK9V5X_Kf7CgPYqW1N2gF31YPbCTW8Z5l3K3C7dVSW30n7-y1PD_cWW7lnfNJ7t3bkMVlzzjT1Z54R4W3yR-TD4P7HvfW8cmJWQ38zyYRW1C13lQ8qxcwVW8mBqR42ZszDPW8RYyjm4LFNg1W5HPcvt7l2xYXW4ddbKb5xJ73kN2YHMqrBkDrLW1YplcZ4HVRDLW2Wbx3y6vn74cW1j-wYt3z16cMW3ZVMCN2P8gNYVgXgMG8G_lm3W15PHl-8My1TPW1Hg-3k5P2snGW5z-fGK9kbfwVW2Mj3kv8VGVcDW7q2kkF7W9XjTVZWNvJ8Phh6fW3DT74Z8H4kHwW7SnP4Q83lW80W6qj1Hl23qvp-W3fgYsg6Sj3-vW3hBZyf2fJNtKW7KPvrr91yQdJW8kjMKv47zJrjW2bPtXC7whzLlW8yGBvz2-yP21VZFBtD2HDfnHW3F7kVH2hCgh2W3PhjRk6yn302VNQWGV4gXRzQV1pSDX7qQ4LWN8bVrWcD6GfHW48PZsZ4Zjt-CW6HsNHm4y0WLGW29rY7v21mhmXW7RQGVv41D17HW6MTc9G8j_VzCW6RzG1F2gN--XW27C_cy1yknw-W6pc3R12_vyRKW19SvRf4fwr_JN848Hr8GKlkBW84BgqH4Y6Vdq36pz1)): The % of mutual funds led by women. [INSTAGRAM](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8Hp2-MJwV1-WJV7CgTzdV50dKn8C-Q3jVr9Ktt8qBLfBW3S-jYv2jL7j3W8Dh22n7dr2c6W70mPgK84W0s3W5JzCMM40hclGW6F9Z2T4FD6DpW3WHBHv3ZByznW19hCgc1TTkgjW6PkQKj8zJG5bW8Pq8m490PVvCW2FXgzy65R0G4W57ChzX5_WSwbW6CvnYh62WvzQW8f2wLN2-QjkqVfptYB2t9_ct3lww1)Highlights Will the global 🌍 consumer surge 📈 be bigger than ever in the retail 🛒sector❓⁣⁣ 🎉 Take a closer look at the companies that are competing in this flourishing market, stay tuned to learn about investing in the retail sector. ⁣⁣ Click [here](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgHRFVs8bww1ZW2-GW8-mvyp2tpddVW4pV-6G1tSjLlW3cLPwc8Y8rr5W5NpmnR7sqMpBW86QkX151Ng8PW6zDY5f7YXM4fW4sfw8z2hKKp8W6WMTGK2GvX1QVg9jXl7d4YNpW7N2mdg1f54Q_W37KTqw4q63ndW8pt44h5x94TWMm05-1BvGCYW2FRqGW6T37HZW1Y8Jl46ZHN_dW6TkyCt8YTvBjW3GFxYd3TZ6G23p_q1)to see the carousel. [IG retail](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgzPkW1qRbJw6hJXjtW8Hl5pn3rL1cbW6jyvB248hD1gW2-FTP75_GR53W3-Zdb_2WMym6W1BSqFJ29pcp9W8LMm5C3rcM-pW4LqSYj4kfB5lW6d56sM2FcgwHW50NRwN5fLCX0W2Fc_663WzcN5W6hw6381ztvxsN4NCmDTj1MlpW9hq4g41CyQYBW1ylzkK5Btj8bW6vygy53t9Q8rW8rJqbn2HvsfrN926cY5b80cc34rm1) FlowBank Blog Forex trading: All eyes on the FMOC. EUR/USD, GBP/JPY, USD/CAD, XAU/USD [Trading pexel](113/cXx8Z04/VWsBkZ3KSbq9W1d5yN_1KxDFnVQq1454Yr66VN46-8HJ2-MJQV1-WJV7CgNDHW3vVVTR6BHry0W3GDkVf3YwC1JW4zNf7T1prhlGW3jqq3f3-zmn3N1cgXPG9Hw_BW7BjKBd1Kx5KCW1zffqt4DXXxxW6TGw1_8qcjhLTV4n67LSwJKW7PgM4M4JzSRpVvxvhn7lYzXsVYTZ4x493l1gN5D38cLLkBfWW6WT5Jl12yczXW6MtKhw8cBg5pW7RyJ6c5vP8L5W1s0nLP6gVbhvW4HVvh37Mck_v3mPZ1) Markets have been on a roller coaster ride. Here are our latest forex trading ideas for EUR/USD, GBP/JPY, USD/CAD, and XAU/USD. 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