Activation Blizzard -Microsoft deal 🎮 Banks in focus 🏦 US, EU inflation 💼

FlowBank's hand-curated fresh financial news [header_noDither] 27.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnf2-MJQV1-WJV7CgBMTW30-GFF2p4Z2gN8mjgbfNt7xMW5qbcPj1DXVQcW1RS-DP691KBbN317LLyBqWXWW23wyb36S_g7MW5kbP1G1dcwR_W2ldvnf7bhH_lW8bSK5X2hx4N2W203gbm5XbtZWW114DwC7cmGZwW4JtCJY6LqhdMW5smDbV2r1JVbW3WSXvg24lbLLW6T4Tk_2-42QZW4DsDHy2VG-FrW70RtMr4wHlDvW5S34Vz1lFYDq3mwh1) and [Instagram](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjmZ2-MJwV1-WJV7CgM35W8N0NGl2kNgpsW6vtXnP3MqPD3W6875_v5ylKkgW6CTv_88KV2xSN7VJ7XjXGr3PW7L7nYS2fZKSMW3D3bFz1K435fW6k705w29jS6MW2csQ1y2FLX2vW2DZPp47pxJ4wW1brqzb4x-YqRW7jcbP163HYvkW390d5X6V27zZW78X2VD5zRTbNW2vb5B410s0M3W3r02dx1VLR6H3fGn1) highlights below The Big Story [activation] The share price of Activation Blizzard jumped over 5% on Friday, rising to a one year high, after the Microsoft acquisition deal moved a step closer to crossing the line. The UK markets regulator, the CMA, dropped key concerns over the $75 billion deal, saying that "it will not result in a substantial lessening of competition." This is by no means a done deal, Microsoft still faces hurdles from regulators in the US and European Union. The US Federal Trade Commission filed an anti-trust case against Microsoft in an attempt to block the deal. [Start Trading](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjny2-MK5V1-WJV7CgH0QVdRxC22lwlTrW2Nf9vM25lN2lVkz-811SXH4bW8JcJtB3CW7d5W7SR8sT4Z51xzVppjmt5c2R-hW1n0Qhg1JzQ_XW41dfD76Q65snW6t7Xmn371y8nN1LDX_0mxCgXW2CQBDT4736VBW2ktxNv74n41pW5ZrjZj6L8nY4W4YsRKW3rhPrWW7lFcXM1bcH-YW77lzBJ7pjjP7W86gqbP7P6Z7xW4F56kK27PYHFN4GNrCT8yhhrW62FX2g5m204V39Zt1) Trader's Corner In focus this week • As well as the banking sector, investors will also be looking closely at US core PCE data, the Fed's preferred measure for inflation. It unexpectedly rose on a monthly basis in January fueling hawkish Fed bets. • Eurozone inflation will also be in focus on Friday. While headline inflation is expected to cool, core inflation is expected to accelerate. The data comes after the ECB hiked rates by 50 bps to 3% in March. • Chinese PMI data on Friday will also be closely monitored as investors assess the strength of the economic recovery following the lifting of its strict zero-Covid policy. Upbeat data could help boost risk sentiment. Economic data this week • German IFO bus. climate • UK, US Q4 GDP, EZ CPI • US core PCE, China PMIs • EZ, US consumer confidence Earnings this week • Carnival, Cazoo Group • Walgreens Boots, H&M • Micron Technology • Lululemon [Start Trading](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjny2-MK5V1-WJV7CgZc6W3XCYDl2KkNqDW5q5z-41HZMf4V_Mqcg7w-G3nW7WZR9C5_FtLCV1QsnJ4_PjMbW13FMY83GLSfyW3gG6bF20tNMcW5JtLH688vvWHW6qP1WD1qqgvCW7LTrJR4hdnC_W4MBj0g65L-j6W1jQW4b3wR0p1W1ZRnvv3BGKjpVHp9kM3HmJ2xVwSQ7r825zwKW7kXQkS8Cjc4sM_jWDZvqZM7W4t3dyN4qR_bNW7BZwsf5z6_72W4zjb8m4xx5D63l8c1) Market Recap European stocks ended last week deeply in the red as banking sector confidence deteriorated further. Deutsche Bank was in the firing line, dropping 15% at one point before closing the day 8% lower as investors fretted over the stability of the bank and fear of contagion saw other European banks fall sharply. Stocks on Wall Street managed to close higher on Friday as investors continued to digest the Fed's 25 bps rate hike and comments from Treasury Secretary Janet Yellen that regulators are prepared to take more action to shore up the banks if needed. Today European and US futures are rising on optimism that authorities were working to ring fence stress in the global banking system. Investors are looking past weak industrial profits in China, which dropped 22.9% YoY in February. Attention will also be on German IFO business data. Chart Of the Day Here is to show the cost of insurance against default for Credit Suisse, Deutsche Bank, versus (superstrong) Citigroup, BoFA, JP Morgan. [CDS overview 24032023](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnf2-MJQV1-WJV7CgLNBW4gHylB764DZrW3XQvnW2Rb5tRVMmB6F1CVZJ5W7hCBfQ5qrTMhW7S4Ys92pQW9zW25MlWp5hyBgpW6K8BKh8MLJRWVwh51h7sSHj_N60yWJCyT2qmW3rgBy64-v8drW489_YN605Lr2W8kvrRC6GyW3LW5vgxCq6gt3zrW25j68S12YzfmW2f-qcR6RxRb9W87dCdh5vYCpsVgZmLB4PNH-ZW6cxdZn4_FRLQ3fKx1) [LINKEDIN](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnf2-MJQV1-WJV7CgYJxW1flVwN1Vxz8BW7fdRdw75nHBfN2M8d9H5P6zBW6Xwn7l6zWhpgW5bSy637Js7Q1W76MGYq2xMC_8W9l3zyb1dt4v5W3gMZnP2wCcXvW990bJ11Xfx4lMT_NGFBFKzgW4RKjDT11rvhWN5swxmKHnkJjW2-3mfq21P2cZW4vxYk463zyCJW2CPKzq765t3sVjmVDg5SnG3VW61PltN2BZ_97VV1PVG5-8ZkZ3pyp1)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/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnf2-MJQV1-WJV7CgWx5W7m6hLP86R6V6W3RKzqJ5xtCw6W3Wg0vm521HLhW63DFwJ8VB0rwW7YxsbF7hhcSvW4qdJSZ1S0FnnVcyYgV85CysWW67gtYl1V7mLtW64BxXS5tD-fNW8DLkH_5TXFWwN3v2Jf4S8HF6W2QMTBL2KrZf6W3t42Qs125q29W6BYZTc68NCqbW4l2FRR5nCFd0W2jks2G8lPKzgW6wD_K_5gFvs1W4Bdbh47xW_k831vg1)to read more. [Renewables infographic](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnf2-MJQV1-WJV7CgCj_W2JdxYR8QsXqdW3hT0Jh43vtVdW3qRf4N1lrfvlW2Cl4c_5Slqv4W2Kh65v2FXwSFW3fhYkN5RPZxmN8q96r7fdtdsW4Zhjs37VfgM4W3YrJtM99NWdQW4XWFDC6Q3lPFW2b4GVL5hkWCjW4F5HFy6JKqJmN96ldRLGM1hkN6XrxrVCZXdgW542Gf83XY7CtN1kl0vhYP6R9VGHc8230r7W_W2njXjf3wGvVP3dw61) [LinkedIn](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnf2-MJQV1-WJV7CgNH9VDk7PS2wlK6BW4rr4L05FkJx3W4HL1G87VXfkXW7NNJrz31NQWSW4bhZW75VmXByW691MX639RQrVVWmR6W6SKJrGW3Ylmy_6kZWTlW33zkwQ7HV1l0W979l-b3bcv6mW116drK3tK0bjW8vXRtx46cp3rW1x6c8F8MhbsGW3V_zVD6zjlP9N1ny9hQ9gncSW1LhgcG66S8TJW1_F3Q-73WxMFW2ZWlpx29z2Db3hY21) poll: What is your view on the price of oil for 2023? [Vote here, we want to hear from you!](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjpL3d409V1-WJV7CgQS6W3Sbgq31zc3dVN6h0LxVQFBjLW7VXQFj3zvhxWW9lmt9l7SDpDQW3fqwZk3nHh7fW3n2PJ91pvYkRW35qtp576QQ_gW7q--y63FqkNXW5Kc8J76tcprNW8d4dGm4pcYYVN3tZ6F2TX79tW4L8ZjK26FqPKW5Dzfl55vsK3dW3YWthk17CF_dW85tMz42qKVTRW6zcJF78CqKQ_W7fRRLs8bTkR4VWm8715MYRnhW81Pxz06fQgtKW4vzzfC7h1MLRW5Msfd77LMRqgW7s6V328Ltl0jW1kk-gS75fM5_W4f2Qc97sS9N5W7Hrlbd2rCfsHW1-NLBT2grNy5W3zp07s4ssCcwVZcNcH5Lxmrz3l5P1) Poll of last week ([here](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnS2-MKpV1-WJV7CgZKDW6GMLk64k5SMxVnP0pX7BL6QrW47Z4jt4C9QC8N65k84tV5K5HW6_fQn351qzNXW96YPxw8v8Pr9W6cwn407J8R7qW5DLjFV5WVQdZW22cpvr8PW85jW7qWj1v16YKfGW6lJnx22Qdx1vW8gXwXs4HDkt_W6N7FKY8FD6S6W2fnw3K20x-ysW23XxvK2Mwt1DW2M96yG7zJLtjM7BSTdMS_FvW4Xc3H74dM_Z7W5nVQ9L27rwCvVGbQcw2F3cFKW1z0wk-8pTCvPW6_jX2R5RT64k3bRw1)): Is the Fed nearing the end of its hiking cycle? [INSTAGRAM](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjmZ2-MJwV1-WJV7CgW28W6qq8P24nDd1pW2Phn9J2yhtGYW1w788d3wdS0LW54MvCQ30-sH5W3x1Tb48Dx0-2W3JW3Fv4dnmxdW45hc3Y990PvWW42_MhM7HsPF4W7j7y7r6s99StM1_rdyK-zh4W3RTNrF7tfpGdW1ghxyD2CN9JmN7JFv14Hc5F8W7vdY3t3rcBfPW2R1gfX3crJlSVPqxfS4FnK8f38yH1)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/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjmZ2-MJwV1-WJV7CgZpfVW9x0Y8jVyPHVtfZPQ6LNfvLW2jGrK6569HdYW1BlsZ06kgjtZW2YN7tN3WDLd3W2Zxt8f8MT51bW3Bs06y17vQ9sW325Plc1Pr-P8W890TPL3m-JnGW4_9B2T8znTR3W2D3MdS54s3X1W8h9spg3G2CRSVhpjpJ8vlw05W1TWTm63pSwgQV6685t3FVlkjW4tv2gD1T4Syr33-w1)to see our page. [Strong brands](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnf2-MJQV1-WJV7CgzHyW8P_M618CpRSyW7cGVwg45-sYYW4VY8yl5GT1cRN3Xn0Q4hJHx_VGPRF52Ncx0vW4T5J9B3-qfsQW3HF0rf50P5YQW8G-Mzj18M_7JW6k1Llx9cnG1gW4ql1sz3r2KxsW7PKKwD4hRgBlW7XkMLg93NqLVN3D4MpD7lx1QN5Pf23ckg32CW51bFRv1cvb0_W7qdrkR1LJz5zW32-3Z56FRlGJW7tXdvS6tRCys36WF1) FlowBank Blog EVs without rare earths - time to own Tesla again? [tesla1](113/cXx8Z04/VW-RQW4qjcpPN3MLzT0N9w7kV3Z50p4YDLPsN6crjnf2-MJQV1-WJV7CgQJWVGW6nC8Y9YS2VzBKxf1Q7swDW647Mvw38ZkG9W6km88D855XZjN92ZDvfmt5YQV5wYYC8DYYPPW9fMLm04JPr5YVm8XjJ1Wzpw_W1Dt55H4kCNH-W3pt6ZX7BXCspW96Dryz3DMVlTW5hrpF-7gw-pgW4s2Ypt41gbjVN8jYGSVjX66LN6GX0wRYG2jKW3nct0f1Dr2N3W1dktyQ7_J3NQW2G_5Wm2Y2mrq3pmm1) Tesla stock has been staging a recovery from its year-to-date lows, but sentiment for the stock remains shaky as Elon Musk focuses on Twitter and tech stocks falter. Are rare-earth free batteries a game-changer? 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