US TiKTok ban? 📱 global PMI data 📊 Oil rebounds 🛢️ Nasdaq to breakout?📊

FlowBank's hand-curated fresh financial news [header_noDither] 24.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgD2FN7mSNP_z9ntYW8XbYqh7XgcdyW5tB6Ps7zjtBwW5dM-gl7Y_W0-W5rRysR5dVf_YW7cjL-Z78CDX1W4SB5Dt5WjxytW87GCWD8W2lbBN6rZ372vlwzBW8J4KTS3Lb81cW4XTy2Q7zgMj8W45mGw32hLfj6W7yKH-M6NjVPgW7GcrqB2mxr8pW10BM2z1MSlMKW8yg-fx23ypnXW6_NKV54R2BLDN1hjcnJL_-lj3nmH1) and [Instagram](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6D2-MJwV1-WJV7CgM6mW67jxK397-FvJW7DfqDq1h_glcW5bjC_z2T030FVskDJh2zs7S9W419K_v4RzHzWW59Vmmv4tY00PW6jzzRM2Y00fvW8wgf117HZlnxW3T7fVt98tdtWW2GMKGW978LpnW5cZwK61RQXNhW94wPtm5p9LxMW8Hlmzt1ZpPlTW8c4kQz6HjN1MN3CNCBR93ppNW5PC5-F2gvj4L3fMz1) highlights below The Big Story [tiktok-2] Snap & Meta posted strong gains as TiKTok CEO Shou Zi Chew testified before a hostile Congress amid security and user data privacy concerns. Much of the focus is on TikTok’s relationship with China-based owner ByteDance. The TikTok app has grown rapidly in the US, with 150 million monthly users. President Biden is calling for a ban or for the US part of the business to be sold to a domestic buyer. Meta and Snap are two of the companies which stand to benefit from a ban on TikTok. [Start Trading](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-7c2-MK5V1-WJV7CgJl0W3fpjRf7y6JmYW7T_MtY1kyh_kW4qG-2J8pZdHNV97RB58dpX5KW685dVk7Fp4myW4C3CHz1y-c6jN51_m0R-MMzqW2v-3r88HtblHW7qWbnj2stQh2V9pQ_H22zZsRW2YtBH25JtxJxW574mG06rpJKYW2NlSjj12YJZnW215p068CRSRcN7WQ2y7yNLsYW4rDdh67cj4sgN2HZclYCNP4kN5RsW_S5q3WzW2W4-rx5VpYR8W60G4Mw45kHxl3n6-1) Trader's Corner In focus • The markets are betting that a peak in terms of rate hikes has been reached, and a loser monetary policy could follow. US 2-year treasury yields have fallen to 3.8%. The Nasdaq could be on the cusp of a breakout. • EUR/USD is rising after a pause in its bullish run yesterday at 1.0930 resistance. Attention will be on PMI data which s expected to show that business activity continues to grow modestly. Upbeat data could help EUR/USD test the resistance. Economic data • UK retail sales • UK, EZ, US PMI data • Cad retail sales • US durable goods orders Earnings • Smiths Group • JD Wetherspoons [Start Trading](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-7c2-MK5V1-WJV7CgGxfW4tnpnr6BN-LnW43v_Yf8y-dG1N6rWh7Z5WDkNW77NR8N54VXWJW37dpT91pmTlHW5y0Zdy1dvPd3W8B3WN67513z2V__jN41hND2sW2Cr-Xd1LrblxW88g1h_2-mlVCW4qKQ2Z3jlCJmW3g5tN32PjR-QW5l8ynW7bkD6LW2jJfdG3d8-1XW8jmDVv3dMdZ3W1VMVJ196qrBzW1dCb301ZQSqRW3zhYSX35dHWKW41cB4j530Yg1W2xtZV553Wrwm3gRz1) Market Recap European stocks closed in the red after a series of rate hikes from the SNB, BoE, and Norges bank, signaling that the fight against inflation was far from over. A 50-basis point rate hike from the SNB sent USDCHF lower for a third day. A 25 bps hike from the BoE lifted the pound but saw the FTSE close -0.9% lower. The Nasdaq closed 1% higher, boosted by strong gains in tech stocks as treasury yields fell and investors positioned for an eventual pause in rate hikes from the Fed. Meanwhile, banking stocks struggled amid worries over higher interest rates. The Dow ended the session just 0.2% higher. Today Europe is pointing to a weaker start, with banking woes still in focus. PMI data is expected to show expansion again in March, which could help ease recession fears. Chart Of the Day WTI Crude oil has staged a strong rebound since we highlighted it last week. The banking stress had worried traders about the demand outlook but after regulators stepped in to help Credit Suisse and US banks, the market has been regaining confidence. Dollar weakness, a day after the Fed hiked interest rates to 5%, is also helping WTI Crude climb above $71pb. [WTI 23032023 2](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgzK0W3HFY-b88MhnTW42_jYV78k621W9291gG7jDQ97W2gx0j18n_hH_W1qXLkD7GNDMlN2sjLt8l6mXpW7Df8qH6kdjtxW8RKVnv4vQnrgW2v2LSN7pLhtxW3FwVXL4RBZHTW3tWXbj84CTVSW4nzX6K1cKYQFW7Nt-nV4_3R3DW25P1Rw1D4DKmW7L-bbB5ZNF3xW7vBrQ73SMxRBVmTh0j3yVk37W7PjCPS7xDqKf35481) [LINKEDIN](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgzZRW3BlhLw7Dyh1zW9jrV8l7DGdNdW825_qH7g6WslW5Wk7DJ59NRbpW87PDP-22X4VWVk5ZXN6DlNBxW2kKJjN1YdDS7W5q8ryL52kslKW8fWC_93x1H9NN8f1qL9R1fKpW6gDFPD5Y0y5zW2p5zz53F4FJmW6cKjcC6TTtJVW691Lrz1jBhBmW64Fb903QNQSfW8yc8W61bTkJ5W4DB9Cf7s5KHBW5gx6Sh5Rs0SX2Rr1)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/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgYs0W84_7kH8H0nWdW32Pp8W45wh17W3XLyb36YPzlhW1jNfHD3Y1FZrW5YvRkP8DPx4BW6NtvT97mmkHNW86R78l2p3BCGN4n_C6nmzNCHW1fVZpp7V-fmyW6p1cTw8vlrVJW7Gkbbr7dh5brW9d-ZZt71ncf4W8lP_lC8s3ps5W5pYTX78dWDhnW8z1lBz6g8FWpW4fzdWx726kxDW6km0qG6NMDG8N1L6gx-KwNT2390K1)to read more. [Renewables infographic](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7Cg-Y6VXz8Kh18w5Q_W5Ny7nC4brGfwVt2xB797l8L_W46024W2TjvgrW7TG2nb8v6PhQVG2VBb2m73vlN2wjMgYh7T7cW1QgvhR3y7trVN1c46xX3YNWRW5k68LZ2CsCr6Vc4fQQ60PbmXW27vhVq1g0nkKW1H7b4y5X-j_zW4w-7kM1T7sfqW2_mm9-3_qzGjW1hsV5-8N6m5QW3FCbKs4kvntKN7cbLnLt16hJ38tM1) [LinkedIn](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgQ5TW8KYlZ53JjPc9W3zNk6K7QGPMvW8TgPMl4Wh4mTW7m2-RW64-fQgW8F_lrW7vfQTlW27J8lZ1fWPJQN2hpBwqyL-4MVSmRzn1Lplg7MTJ_fYG7kc5V6ldc55CpZlpW2xsVyV5513b9W5krMWM3ccvJrW3yRnRW6m4fB_W6TmpGb56xwkcVTJvcH9jCTHHW307q6490xPgYV9Dqph90q5H0W4FWpWJ9bCYTd34R41) poll: What is your view on the price of oil for 2023? [Vote here, we want to hear from you!](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-8p3d409V1-WJV7CgDPkW6Wmmj81_BdKFW3zPFb83PBpgxW5dswVW79lgGnV-2Wz07QPtbvW7DzHDV7qg9QvW9gWMJ23TXwCqW7GY4VN6ctClSV7G8-F2ddCtfW62FJbh6xYF27W6xfpdH23v1p_W62Xq9c92-N0dMyM8GfKfC90N6BrFTQCcrZ0W5YwMrQ34yTBRW8hlfKQ7H7zVjW1cw_YW7mksJdW8-Y_qg18dWmlW1Dy0s074K2BxW3Qgkqx30ZsV1W2j3N4x2lLX5wW3DSxQG75SVTfW5nW1HX9fXbJjW3D_z0S11dH7rMtkvkYb8yThW1Hnys31hnmtsW7NRhtl13f00gW2H9-T-1mM7CdW4X5kd27fr97y21P1) Poll of last week ([here](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-7w2-MKpV1-WJV7CgJbJV48z8b8vk_y_W8m7w-g7pHjc-N5b0BXpdhNLSN748MplRnSWrW1H4pc58WL6fmW511g_K6L-GT2W146n1J94JdYbN3PnPXXY7SnMW3dxByb3sRSSBW27fpVH7sDsY0W5P5hXT8fNCWCN2XfqLzRhXBSW61v_Sy4gQTC4W9g86hC5x66bSW8nt14N69F741W8mCzRj3tWZqbW5G6Y972vqLwLW3MQ0-x1QV12dW5P772G5cKSLWW9ks1Wz70c66hW37LKlF8qD8qLW2-5qQD2xql87326X1)): Is the Fed nearing the end of its hiking cycle? [INSTAGRAM](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6D2-MJwV1-WJV7CgJymW4qsVh_5SnQtpV3G0G31-bJ6tW2Sk58k5lrLTYW5lzg3y81PGWbW3mqLpr2HhwmtW700CT81Qq9PnW2Ml6S79l5Yt4N1yKWnqblg1GW25XJQR5s2s71W56TvLR2N9ktmW7KDZjQ3QGcDFW7K01JC6-bVlXW8B367Z7x3BR3Vng-FK4G4CybW1Hsl_71Q_PrLW4QW8878F_SSY34kB1)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/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6D2-MJwV1-WJV7CgNj-W1GnDNz8mTzYjW6X3ZC93QjHxfW5LnZft2zc_5BW7WTnSx7gBP2fN20yl4SB4Q2NN1nqTbyYCrrxW17hrb52nsbrhN3MmT6Mr4lStW8c11hx7_WxShW2fhBXc7HQZ4LW3T1bjH5LR1t_W32-gfZ8D2J0JN8-WYvVhzqmhW5kCwP46JNHtvW8vx0lG6cwRY6W8FVnwl3fZqy833-_1)to see our page. [Strong brands](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgPkPW4lFhTW2St3MQW3_D-_Y8sg_gWN3zLBcgXY3dCW5RdgK11Gy5SrW6WcrHD6S8fxzW4rMnNn5W3kt1W78dS-X5WpjftW109dj_4sMNFNW1J9c-88wPV98N2MRq5734nVHW4Khc_Q5WcsT9W8rzJtC6RvtvjN6mSSf5g7C5ZW1dwp8m1qyh8hW3wNw594ZNG-PN7px6hrkblQwW5PykpG7JxvhRW3jdZWb6ZKrYw37dG1) FlowBank Blog Will Warren Buffet Buy Occidental Petroleum? [oxy-stock](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgD_SW6QDP1R8xgXcfW4X2zpT40CpbFW50gYW_7qL7HMW827psH43z1hJW26pmdm2rjZ0qW5HcyH18VJ3cJW8Dw4k44bDYnYW48BG9d41sMrTW2Yrkbv987tTlW1BrwJl2VfrgSW5rXyVq2NjwJTW5lX93n4NDX8YW5B1ywd5tgLlnVZdyg82fWwg0W90tfLf3D3J3WMStdb48BhQwN4tTK89gj-cbW1gHC2074tFTx38KC1) 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? Get more from FlowBank [Join our LinkedIn Community](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgYxxW2242KZ6dYZTlW2JLVWB1V_p1zW5Hb-tc5jPy4qW2FcVvh3qyNWPW2NC3Jr1xf3HlN1y_ZTVPvfHYW38vCHC1wL1_zN3b9R70FGDg0W2R1qRm3L2FNXV2X_zh8c53TQN77brysqCTg9W3zqNNk790Fr8W5FZkGg6KxZscW1-fRxL5ZLQQFW4Bgq-P1-j7sjW6jXYlJ59KPVPW5-Knkw6MGZ2lW29n8Cl7vXPly36P_1) [Read our latest Research](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgRLlW5wpdRv370zNrVwhTpl7YWyS4W5bRXLn70m2-2W8Lr-h33V83dkW3HQRPX5t7mVFW3gxFY-5HDxZlW3VCRcl6rZND4W3QN5gQ3Z34vTV_r-d54sQhKCW1zt25s7cMlqGW95Rqmp31J426W87JXb22Q1cLWW3RLBw-45VS_1W6RyB947J_TVVW82pzf71R3n5XVnLtdj88Xg5_W52dY2_8Y9Jn0N3kzkWRlyhlt3gX_1) [Subscribe to Flow TV](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6D2-MJwV1-WJV7CgRbXW4WSM_F1Jmh_tW34XNBc432TM2W37vG4b1tP33bW56SHjG99kSyyW1WTGpv2g8B3GW8GHFgv7FVM3lW6tTSW_5PlYjGW98c0ng2lRKYLW6-9y6z7zKpgwN2587k1-RKl8W2fGQJD26DYvcW5K2zhZ4ZC_qPW3Fdq4n3XntVQW25pJ-V50xcQRW6Mz-Gm1MBscrW5DBlzl5qcyGk35wF1) [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6D2-MJwV1-WJV7CgVP4VXHvYD4T5K4ZW1g2mdd2tXchDW4VpvKZ6xXvD3W9jQxjz8lfqs3W7jD08f20gBGHW8gLmd_9gKYJWW5RPvQb8zmWQ9W3j0P5Y3mXlX8W80TKwC5GkwFHW1r2spW6wTBmWW49v8wK7FC4wXW77_HjY6LrbNtW5mf9Jt38Z9FFW328fP75CqxDmVWjBD15zGcCVW227RfY6RSnP_3pJG1) [LinkedIn](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6X2-MJQV1-WJV7CgLKGW60Rcc08j_FhnW1Sdc7T5v5gv_W78zShm4GwZKMVmJJBQ5bYjcqW26VbRD1zdjzPW60bSHV3jqfQLW1M5r0d3F3JTxW24NgyW7zT2prW5wGNSl4knZHzW64jYl71bpYSPW2H271M86Vc4WW1TpB9H7yxcRmW3_9w_M1PlqTkW82n-Bb4lnC7FW5m8rCK7kn5lpW8zB2477XGlTPW6BcTVT1vQwBHW5W2JbY78MCSy3dLB1) [Twitter](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6D2-MJwV1-WJV7CgMVJW6prPP34VwMgGW7VVZF-8Y4-BjW1byZHr4pdP99W1gHzDT6vrWByW6jgmT_28mzy9W6rkS8g2dC_yKW3hCm7r2xL6KvW7zCglR87lTPBW20NZqJ7Pz8tmW8MZ6XD7v3kn3W380QB87ZTM_zW568lZp266GbxMl3rr8HnZDpMwx-Y7vF9HfW75MQnP59SD7_W31r-pw24Bv7D3qp01) [Instagram](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-6D2-MJwV1-WJV7CgBmSW24QV1M29KMWrW2hT6862PXMXTV9M4Jw97DvxMN4fKTbrXRr7HW8rGqlc1KwZ6bW8YJ4sV25KJT5W3dYM0y6_xmDbW5KFKmr1c8ykGV_Lf8t8Gf6HJW5jDpNY558tm_W4J89xs4pdsSvW4S_LNX5x7G7YW9hB84J2pLMhsW1N7t077G999WW6n9_Ps781csKW2jwCDs8GMtnb3kCG1) [YouTube](113/cXx8Z04/VVxgdD1MbTS7W5YPgx58Vl8rKW6TYKFS4YwpX8N3Bm-7c2-MK5V1-WJV7CgYGKVrm5_h1QfcYNW6Ljj9v6ldytrN3Y06XZk7XglW82F_f54bxVtbW8XHBLY205BN9W31vX8X5NV8wpW5Wfpvl1sHf46W6yFj379jP7JXM5tmdWy2Lr2W8nV7X036tD46W2SyW8R8zMTfWW4T76G262DCRzN3kStjNMxR6SW9hyPVr5l6yM6W97wd6J5QVZ7MW4d_yD48hYZx-W1Q4Z-n7JSbJNW6NdRPX33x6jFW6cKjcz2z4Vv4W5tg3rs1sB4kQ3cJr1) FlowBank SA, Esplanade de Pont-Rouge 6, P.O. Box 1303, 1211 Geneva 26, Switzerland, +41 (0) 22 888 60 00 [Unsubscribe]( [Manage preferences]( This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify us immediately, and delete it from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Although we scan attachments, we advise you to carry out your own virus check before opening any attachment.