Alibaba's Jack Ma returns 🛍️ Oil jumps 5% 🛢️ US consumer confidence 💼

FlowBank's hand-curated fresh financial news [header_noDither] 28.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGB2-MJQV1-WJV7CgXgLW8lpG4q3b3BzNW7THKfT7yT15cW3rwV7H72BNMnW43mYQ83bgdjGVlYb554fmWbWVfk8Bk1gFjkTVfy2QQ7BQt5LW42Zh243CsrMDW2PQjF55l8MsSW3yVtR_4P7_WgN8mFG_26BsNNW3m-6D33rKx7tN6FjNM-zQXcTW5d_hyQ2VbC6WW2TQnN29493DHVpSWZS8SZL4vW4cXRhK5Fvl_XW6GlH2w6dNQ-334LR1) and [Instagram](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGh2-MJwV1-WJV7CgKlCW5_Nnnq3-Vp_RW5YytGN8T1ZbDW6GWp9q3RxKt4W66ZWbc6z7cLWW7LtdlW9dfgvxW5Klwrk74LY5lN6r5FTNsxK8KN1XdLFVqHJfWN64Z9_vGHgWSW1rpf2l3ypfg0W6dZVkg8j6NvsW6JVd8m4VSSQQW2PcHLS5pQKbbN4Wlp6tvfXhlN10WFJmf2zG3W5H-wX14xK0rB3cZC1) highlights below The Big Story [alibaba] Alibaba ADRs rallied on news that founder Jack Ma returned to China after months abroad. His re-appearance in Hangzhou, where Alibaba has its headquarters, comes as Beijing attempts to restore confidence in the entrepreneurial sector after an 18-month regulatory crackdown and zero-Covid restrictions. Could this be a sign that authorities are warming again to tech giants and more broadly to the private sector? [Start Trading](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGV2-MK5V1-WJV7CgTq8W3302sD5QyqW5W8nvs2S2XRJfTW2_mfkL6nVpHvW4C1nCq7qV-qQW90n6c175Hc--W3Ns7cg7c67lBW88tXtD588Vq-W2wYwyl8myJKZN9bFKvwtjnmpW6KMZFZ4_G13RW3s0rfW3qFHgTW7MrjmK5CGbNRW6WzfJS8nR-Y2W8x4KfZ4xJ-9lW26DPn22sYz2rW6H15nD4HT2hzN4jWRtGJs1qGW6c3Ttw6vHWkTW3xYfRZ2qWnpzVzGSYd4HX4cv37Ln1) Trader's Corner In focus this week • AUD/USD rises towards 0.67 amid an upbeat market mood and after slightly stronger than forecast retail sales. Australian retail sales grew 0.2% MoM in February, down from 1.9% in January but ahead of 0.1% forecast. • Oil is pausing for breath after soaring 5% yesterday amid disruption of 500,000 bpd of Kurdish supply, nuclear threats from Russian president Putin and easing recession fears as banking crisis fears calm. Economic data • Aus. retail sales • BoE Governor Bailey speaks • ECB President Lagarde speaks • US consumer confidence Earnings this week • Lululemon, Ocado • AG Barr, Bellway • Walgreens Boots • Micron Technologies [Start Trading](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGV2-MK5V1-WJV7CgKC4W5r0CKF3bNSM4W8xW4RC8Fg0VrW55Hyyp3JT6xSN8zlnn2LCTckW51fLrj75py5HW63Zwy65-b7KvW1-Dz5d29V-KnW1YxVr61L28DrW5Pk1pM6bgR7nW9cBfK54xCtxgW18sbGb3f-dBNW7-ZcDB8bgWQ0W7R0M876d9FLWW1sV7Fn1M8x78W9jqwcT866M_QW8QVLVZ313X-PW6HqwHn1p4fWXW7h1nX43LK53GW8q5KL_6kdzSdW6sFrSQ1tMz5d38N01) Market Recap European indices closed around 1% higher boosted by banking and energy stocks. Banking worries eased, although sentiment remains fragile. German IFO business sentiment unexpectedly rose for a fifth straight month as energy prices continue to fall and businesses are yet to feel the full impact of higher interest rates. Wall Street also closed higher, on a relied rally after reports that First Citizens’ bank is buying up most of SVB’s loan book and on optimism that regulators could offer additional support to regional banks if needed. The lull in banking worries saw treasury yields rise. Separately oil jumped 5% as Kurdish supply was disrupted. Today stocks are rising as investors are less concerned over a banking crisis and ahead of US consumer confidence data, which is expected to fall mildly to 101 in March from 102.9. Weaker consumer confidence could fuel less aggressive Fed bets and help stocks higher. Chart Of the Day Gold prices have advanced 8% YTD and call options volume for the SPDR Gold Trust has jumped recently. This suggests investors are taking more aggressive bets that gold will make a move on the upside. [Bets gold](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGB2-MJQV1-WJV7CgQSXW8S8T6H5JVCDWW6fVPz21LmLxnW6j-H9b1Vn2LJW7kb8Bn3JKVwxW5NHgC-5ddwPcW7CSWsL8f_9BjW72MQSb6NQTygW8XVJZF9b-6zfW707bgL1Z4fDsW7yp-Jw5LYSyKW8nYbX27VYcr9W8VlYht746pl4W55wBHZ8YhXPXW2BM06G4Tv0WxVTFWQS5sZKCwW83PBgH1yJ2q8W3n72ld5xGcYwW1w1fwS63dKN92B21) [LINKEDIN](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGB2-MJQV1-WJV7CgBnnW5sM9JL4bNhNXW6J-kzr28c0j2N4nWBdyK5MgRW85_sTS6lQHt5W6KFrqD4SGXFvN7FgNPzpPdJhW3Xbccq5QFZSnW6fK30W3ntvkFW7cTMwv3FyxQxVxrs5L7gW6kxW999SQ47ZqJXpW4_Tf4z43Ds9dW63Yrvw1RPSMmW1XVyRn2cjy4GW99Ll0w6_xrsJN6l2_YlNSf9PW7rc0Kb2J-5m-W6G7FyT33T_TX3f-y1)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/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGB2-MJQV1-WJV7CgBtqW2gPsp234cKJLN7WrfzT61m6nN272Whb9McG7N2XLqXqZjGWbW2_183z7z37t0W17CYJQ1LP6ZBW93bJjX8QvCnjW8m0Yxc1FTCXgW1F780y50GBN4N1jm-2wd6Nd3W6JKl5W6QRjPnW27x-d07MLN_FW6-bXDR3vpsS0VBccfy2qFwr3W95Zls27vD-h5W5fF-nN9fh51nW6nvfY-4tQkNQW4FFV1l5lX1SY38l41)to read more. [Renewables infographic](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGB2-MJQV1-WJV7CgBFKW7Y817x6bCfG3W8d0mx663qgPZW54F1_C21WrsVW39fpl551Gkj1W41jHNv7GwpxhW2PmKWc8HcDM8N4vPtMw_6XwGW4wtD5-8-yx1YW7wQsqg8MRLNGW1MY2_81tVzNtW7slJdc6CvhQ6N195vR7plC-lVw50TQ7ng0brW2JCzxF8DvpJRW2ym7nq47yghYV1cg5V8BxFfCVMJDkS3Q096-W1NH61620FfgF314b1) [LinkedIn](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGB2-MJQV1-WJV7CgGxnW5t9WVH2q-q2cW7wqBH56f7pNLW9l6BST10tQp9W1f2s924qQh7QW9g1t3x6SvM3VMqpPqYL7QXcW8tyXL_34lHP1W1D8_938y_p5tW4S4KKg6WGGZyW5nhFDl63NzL2N34Tn__C3TT9W7s5sCg4z7Q9SW1Z_zG-22BQL0V4N-YJ5pJfpVW56M8n67n0G_fW3hM7rl3mh3_WW9bykN77mXkkqW4KH7l06VMWT73hBy1) poll: What is your view on the price of oil for 2023? [Vote here, we want to hear from you!](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VJ33d409V1-WJV7CgYS3W3dNggB39QNH1W8dpBKd8qrz17W7wrStF7PDtsWN4mdHWJK3g0pW2M3W1t1DgLZxW73wDJC200RYYW72jbTL1m1-j8W9kjlMp99dWP7VNvg4T8YKGylW6qTXt-44WQgYW3WzsRd4bgx92W2WW6pq1SQsVrW5b0fYN1ZhWjDW3Z2L4q1PQbDXW4PQkvT1MtXSCW6wDnhZ8FQcNqW1s671Y79qmW6W5Vbbw-2M8T1VW4yj2DX6bPbQvW23r5BJ6fw0XHW61WgRH68sNX4N4yjb-Z2FpZXW6tpDfh3WFkTdW3yQyv33PKZzsW7DyZL135tmQLW1cflxM6N4DBGW17D09c7D7qZMW6qcdwM5f_Km13kj91) Poll of last week ([here](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VH92-MKpV1-WJV7Cg-4bW1fNbls7GfyTbW20m1Yt8hTYGnVmDN5s5CBj35W49wsg730N8PzN8nhw6qgVdn7W1nTQ5V2w0wnvW5h1pq18B5LJJW7zxNS_5SQ1C1W2CmyG_4bY1Q5W54wD4R8zc7zDN5HqQRtB3SfsW6Mw6-Y82ScBvVC3XRD1V_TGbVt6lwr43Ky2HW6Mvnjh5F1wy2W5p2XHp94xmc9W1sT4Hg1jr609W6qqPP95Y97r1W7hGnSR1cZYC2N5Mhr46qSY6ZW4xsN6s6FjrjtW1-w9Dp6l3Hwy3n3p1)): Is the Fed nearing the end of its hiking cycle? [INSTAGRAM](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGh2-MJwV1-WJV7CgXRZN8lvj4YL_JQcW2DrH7435fBz_W72kpWJ2BSVPvW8Cg-bs4llqh7N2MW38DVcw1CW4glzw77qPJG8N7Dn48nxrfvnW9lcm7C260Z4MW3H-gz-4-94wQN5dHlrCkMjmXN80c__w9xqc0W1zkN4t7DHsR0W8Tsfd38N7SfKW602TvZ5kj4g4W8wgrvh7Q-6GKW17wMLm47V5nW32Jd1)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/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGh2-MJwV1-WJV7CgN4NW4l-zf36tR0f-W6Znc4S7M8fH3W1zgh6w6qs2xJW9jPP3-7fyFLSW8xh9Wp45gt6BVrmKJ68VddGDW4cFhnr7vLhJRW8bZkfj7H7dcqN914h_dC3qNhW7lSSXN156NLRW1JxS042-_rFCW2bGV9h88ZgR2W4TSj-y33nKQ8W2J9jVN8YDmtHW4flgZP1W2K3LW98rHY46mmbsJ31vV1)to see our page. [Strong brands](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGB2-MJQV1-WJV7CgDWmW4_vqkG48zgxfW1l6rkW4MXcvQW7xRSLb8TVLnJW5JcK7x7CSJQpW4sdtf34GsXS_W4slSpB46jXz3N15Z-XTN6YYyW7VRGlr8RJGsxW3h28365p9nyRW3-8sbz9cGLWRN9d7-cPfCbZwVgmz6K4D1LxLW2GccHj5Xd2W7W6J2pdZ4Cb9s9W46jl_h10r5HJN280Xm5-vPphW1qvD7y490H2bW8lKfwf5Hq8pT3hNH1) FlowBank Blog Forex trading: ‘Fragile Equilibrium’ – Gold strategy, EUR/USD, GBP/CHF, NZD/USD [Stocks pexels](113/cXx8Z04/VVCl4s3LzsMsW7g6QJX7hkHFyW2NZxg54YGVJ4N3X6VGB2-MJQV1-WJV7CgMTXW18z1Pk451pt8W3x_XC0854G1DW76DSrF9c-_KwW33KJJt3-fjjpW4DRj3W5xQ207W31WkBN92j_JhN2zTXPN9kFnrW8225l06lSh8PW25WY_-5d_9TLTNGR83svtC0VhptCn65T6n8W3GCRtk7D7qKNW41FmV98LnVdsW1xvh5n7kbM5gM7GkNdfvzyzW301nmB78qy8KW6jg4gX8TZKmQW3qxKkS3KBbd23h6D1) Markets have been on a rollercoaster ride. Here are our latest forex trading ideas. EUR/USD at a crossroad. GBP/CHF bearish channel in place. NZD/USD moving southwards. XAU/USD holding longs. 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