Ford's EV losses 🚗 Fed hikes 🏦 Bank valuations🛍️ SNB & BoE rate decisions📊

FlowBank's hand-curated fresh financial news [header_noDither] 23.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmV2-MJQV1-WJV7CgSpyW6FbzGS6SF-zSW3GMGSS6mz8qcW6npzVV4wZZSNN3KXFK5ZJptCVTb8bq3z4zTbW3jshqD8zRLNNW62l3L48n8BZdW8nvGKB1KnVpjW4HDzNw6YT-CzW1FmP9R4t004cW4cqyzj2s6SRYW8tDMNS9ctwfjW5SPb4y7j9k7XVNlvYX8yVxCXW3-3v082fyQrGW5nJWRj4c_9PvVg_3_12C8zhGW5y5H5k1kp_y-37kN1) and [Instagram](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmB2-MJwV1-WJV7CgPVhW7DFrpH8wjZXHW5Xlz4m4FbZx1W1V8YRj5gzNP_W5z5N-d38PRxMW5LXK3w6VQ4d3W6znjrN5sYWD1W4X_RMr19kvMfN8bkTBx3bgVkW3p9LnV8wVZJmW1pYl534Q3-Q2W34T-_x6kWk82W91h5y91qZGvjW5xQ68J1G5wBwW3NfyQ12dp06xW16By3y1PPHwNW1bY8fg5gSTnZ3hYk1) highlights below The Big Story [ford] From today, automaker Ford will no longer report financial results by region, instead adopting a business unit approach. “Ford Refounded” will see a revised version of its financial results released that will show how business units would have performed in 2021 and 2022. The change in reporting means that investors will get a clear breakdown of how much the transition to electric vehicles is costing. Analysts are in a wait-and-see mood but expect substantial EV unit losses. The share price trades 1.7% lower YTD, underperforming the broader market. The S&P500 trades +3% so far in 2023. [Start Trading](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcn92-MK5V1-WJV7CgJ8HW1h44z-6cksrnW5ZHHtp2sQRgyVV-YpD8T5wzbW6vWKM775QtcWW6b2d5M3V8fxlW6_wDPj29Djy9V48g7m5tf7zRW7Kqj2Y84dfCtW1dRGc12SXgvzV-lPGZ3wDKKbW1_Nq3j5VxZpQW12hLKS7cKXSZW6S4KRV6Yzg6XVQCfcH8NNrykW7GbJHl1ct1BpW1FyKdV7lkgX1N6nKrW0jX1W5W2n8-c83tKcS8W2ccmMM5Ht8DBW5k4zMd4Zvsq_2B-1) Trader's Corner In focus • CHF/USD falls for a 3rd day ahead of the SNB rate decision, where the central bank is expected to hike rates by 50 bps for the second time, taking the rate to 1.5%. However, a smaller hike of 25 bps can't be discounted in light of the recent stress in banking stocks. • GBP/USD rises to a 6-week high, above 1.23, ahead of the BoE interest rate decision. Markets are pricing in a 94% probability of a 25 bps hike, the 11th straight rate rise, to 4.25% after a surprise jump in inflation. Economic data • BoE, SNB rate decisions • EZ consumer confidence • US building permits, • US New home sales Earnings • Accenture • General Mills, • Darden Restaurants • Carnival Corp [Start Trading](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcn92-MK5V1-WJV7CgYYpW2nRHh85wg-VwW6Tz64n21zfmrW676mYg6kSdw6N3Jg-zDq9YMPVwH_kW340q6JW7SCVrc1Kp9ShW6V4R0z7B3P8QW7sXdld4GCN9cV1wlgt39ykhXW4q9mQ51xqDM4W23v64d7KdDhQW7cg2Tb1ncXXLN2Np1dYgvXH5W597j8y5k_zPDVkFtTD5HTRK2W4hCSpc571067W2PQtr14Q4y3jW69b_FJ6YqtVMW4Mj8d48hJjG0W3r6mmF7n_7Rt3pgZ1) Market Recap Stocks in Europe closed modestly higher in a quiet session as investors awaited the Fed rate decision. The FTSE outperformed its peers despite UK inflation unexpectedly rising to 10.4% YoY. GBP/USD rose to 1.23. The Dow Jones fell 530 points yesterday after the Federal Reserve raised interest rates by 25 basis points despite the banking crisis. The Fed removed the phrase “ongoing increases,” suggesting that the central bank could be nearing the end of its hiking cycle. Gold popped to $1970. Today US futures are rising and Europe is pointing to a weaker open as attention turns to the Norges Bank, SNB and the BoE, which are expected to raise interest rates again. While the markets believe the Fed is almost done with rate hikes, they don't consider that to be the case in Europe. Chart Of the Day Valuations for European banks are back to major crisis levels. It remains very volatile as the banking crisis situation evolves, and investors digest prospects of low growth or recession. [European banks stocks valuation](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmV2-MJQV1-WJV7CgKVhW6Sx0_570zXyZW6kJmvb4jX6TCW5PpNyW8FDZ8bW5ZW98s8Cz3Y0W7QPMzL7C_np8W6h5sNt1r7W2xW5Rfw165g7JKtW12zZ2L7GgzTyW5zbKWk4HFp6qN2VG-DmNrzXpW1sp-zx9lvmwXW6gdl3s4rjks6V-fc7C4nbGL5W4dqNBm4LdjL2W38SgxZ4M2sWLW1cTWPg5KTJZmW3KtXN41wj9_hW8H9BBp9kgxVG3j0C1) [LINKEDIN](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmV2-MJQV1-WJV7CgBQYW62DDkF7L-2_CN5yLQxZhw25sW5YLJCy1pvSgTW25Pc4b1jskQDW8p95Fs9lknmyW9j9P9s91CBVlVH1vLS6zsFn_W31-yFT2TPQF_W3gMrjp1nR_yVN8NJ8jjSNkJ0W3zyvPN737VZCVtX4by8J7Y77W7CWCNW61ymTzW6MP_zm1Nmf0fN5TxMDq47MzGVs-W8j89nyy4W3jQ7kX5KWmNwW26sLxl53mm8t3gYT1)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/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmV2-MJQV1-WJV7CgFdbW2vqhNq3kvbjSN7V8ZVdYgn_RN8-WBxGkxlrbW3mtPgz5PxNR0W8TJcrP7bb7rnW80tdVn1Pm9ndW38p07Z65h70lW8YFXGd2pRv5FW11B6Jk1xd1-6W6Z7J8h1hx2wWW2qW_Xz7FLm0zW6-kf9_6MWL_TW4lblZF7bP6DQW5ty8Cl81Z4v-VSX1m15b_h5jW8SGnK532-wV8W5MNsDJ43lvGrW3QSkL64Qh_Bd3n8r1)to read more. [Renewables infographic](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmV2-MJQV1-WJV7CgQp0W5qNVt-1M9kdjN6F1g_dssbTdN5kZTmWhZ5_CW4z62VD45KlffVZBr3C5tXJHzW8py_pL5dgnTSW5Vr0mR7VtCZSW4PjxwL3Tp8c8W2xhHdV3QXgGSW3jZFt-56nLVsW62hwzR7K9Cj0W8sFpTN9k2qW2W73DK9z4DjCPlW6_5rq63S66XKW163N5_94npxPW7_19Sb6Kt5pfVWnM5B1QCrhFW3nT9fH4Ggn8j389d1) [LinkedIn](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmV2-MJQV1-WJV7CgNGrW5yQ5pW5YnLS_W2F83xV3LNpZSW3QP3zP2_MJBVW8JrdwK2Bj7llN52-8pBbpQ1BVTRDpv8K82ghW2txSwV5gzQgXV8SB8y1MkTvyW8Vq0lp5tCzp6W2rlXwm3g9QLzW8qj8F94DKYRMW5sFRKd4SMH6GW79nC5P3HkxCjVWr4Vv6cRBffW2KZRgH8ThBlNW3JNVYG1MWZtzVD7ctZ7dRrg3W2QQdBB49jNzl3n2Q1) poll: What is your view on the price of oil for 2023? [Vote here, we want to hear from you!](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcpm3d409V1-WJV7CgCP6W3HZRgm7cs29gW1mMZgH4K5d6XW8VZ4mR5L0TC1W2lqTY22l06-zVMSyLN6vPGbWW6fW2Ql3YTjnLW6FJ5Wt7PVWgLMQC6sQc0GnwW5pQ1jB1W_GGzW7Y4xc-6Xh2wWW50QVFj2l87n1W8BcBtH2G26kzW591xvD6ghQjfN5s_qtf_CtCJW3XGVqC7k2J8GN8XcMyPYnCy8W4tRPMF2F3Mw0W8ZjQ543d_YYzW93z_Z544Rw1yN3VSrrTDD2kWW42hPLD3NzwrcW68lyvZ4CBbw-VbcqRf6kNZWFW4WSwgg5J7K03W210j4Y5vDB-vW1QZWZg8FL8WcW8WzbqC12L08cW3sVztt71GsJk3jqY1) Poll of last week ([here](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcnt2-MKpV1-WJV7CgVr_W4v3vNC39GCC7W7QXL7n6nldhzW8g1PZN3DC9jcW5Qp0hH7z3M43W5kNnGV1ZbPcgW53JlJs8M3g5SN2lFtKjNsBLVW536PYF391p8wW1tYJbq961by5W3tkKvK4mx1mPW9cc97y5b8NDCW2xbXjQ804HWtN2mkXWzzdMNZW3MmD-H3TXVF_W8PyV7B4F30qlW1ksqst30KylGW4hWNJ94JyTPGW13RMr530L6JLW5j5x392z55MkW4Kr4zT3JRQD3W99DhHy3phhDhW3qScMp3SYDP736tq1)): Is the Fed nearing the end of its hiking cycle? [INSTAGRAM](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmB2-MJwV1-WJV7CgYSHW58X6Rw29_G6wVL3RWx4fvytzW6bj4n35NMFFbW2rKHpZ7CrngqW2-__Lg5p5hzdW5lgtYP56DG9VW71Sg3p6-K14_W3TfZTl4yq9G-W3-lj241mkjYCW2KfRgp15rHN5W1H_nC_8lFqynW6pbMpb5lJN69W8TdXvp1lNN1LW4L6jz_5x6gvTN2dQtwMbvB1nW7p3XW87c-BBx33Km1)Highlights Invest in a brand you love 📈 These are brands with a strong customer base, which one of these companies do you think has the strongest 💪 brand equity ✔? ⁣ Click [here](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmB2-MJwV1-WJV7CgBhDN83tThcBH3T8W1dBnWX2BGJllW22Pn-H7WwQqLV8HhPB4m5_7GW5wZnf27PW7QMW1dPNz04NWppJW7QYWV17J4c2MW4BWvLw6RzGhPW4FpPkn84dPYhW6Q3-nL3Cnr97W2PKZGT5pJqRDW2FG3W14-910QW4nt3CL5N7nxJW1t5l547WNxQ0W4ml2sH5-0Tn0V6TNtr2Kmq0p36zb1)to see our page. [Strong brands](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmV2-MJQV1-WJV7CgYB5W3t6tjn82zq3ZW1zKyTG3qMGQbW1LGHc-3Crtt2W2cnqpm4kSc0DW6kHkVj6vmxMRW28NT001DCmkgW8MGCsm37T6FfW4fcQxY3ylsYpW5pL2yj34N1zTW3t1mp_4mc9NLW2Q0QKw2nvG7KW8M7_Wk8B86pVW5lMGcl9gvxWJW4yh1ly2fhmFjW7rCy8V3NqX8rW1yMb8j6LQ1JNW2HTVMP1qQFDGW4rk23p3MmGT-32SF1) FlowBank Blog Will Warren Buffet Buy Occidental Petroleum? [oxy-stock](113/cXx8Z04/VWVNvK5cYyT5W1dBDpX3zJ0kMW22vCbp4YtdfTN67vcmV2-MJQV1-WJV7CgWw5W1QGStf79TXBfW77wLdC9cLZM6W1mYJR63swzqnW8qF5Pf5BjcVfW6v0DVJ6ByFsWW6HBsR96D1h0yW954phD8TS6lQW61GtHt97XP5nW7nlwrf4PgkQ3W5jPSmM4jrY2ZVRhyxz5FP2KwN5nBRvF-ccDRW3VdQ_Q7bQzgBW8mgZlg2k8_QPW48c7X25HzXBCVv6dF35lZJ0MW7hSCLV40nhb7W7s66gR8fFWSH3nhd1) A global economic slowdown and a crisis of confidence in the banking system have led to a drop in oil prices and a sell-off of oil drilling company stocks. So why might Warren Buffett be about to buy one? 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