OPEC's surprise cut 🛢️ This week: US NFP 💼 RBA rate decision 🇦🇺 Q2 begins 📅

FlowBank's hand-curated fresh financial news [header_noDither] 03.04.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJ32-MJQV1-WJV7CgMSsW7zxV-k8b0f03W2mGkcz4WBhZdW2zpq5457KFnPW257T8t3mzvh-W7Vgnq_8ppHXkW8rqfQD82TMrMW3f2Lnt1fy4pdW1NdJTq3DJG64W687R546m0FhVN5RzSwtlg1YdW81QNqq1KtXQrW3p2dHC29zXRtN1XCBPLz_YbrW3B7FxZ24yPlkW6_wsvd49mk3dW7LPY6-68B0pRW4B9bQ6279rL1W2dK4fs6g9whC3bPH1) and [Instagram](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfHN2-MJwV1-WJV7CgXpwW7ymYX17w3XzyW2k7YqM92KWhgW7J7p7l60TLr8W2q8Xj13318DSW3ZHYrQ6BnvrtVXNH8h5c9vR6W3Z7BHM6J1TVMVH781Y7BWLLsW85gg8m5LcKYpW88gHGG2WQsDYW7gcj1z8tjZQgW9hBcjT4QxNQ0W4fGMjL5x0MwWW4qFHG78dsmc8W2fTXF339lxQKW1PczQ88hctM03m_n1) highlights below The Big Story [opec-1] Oil majors will be in focus at the start of the week after OPEC+ announced a surprise oil production cut of around 1.16 million bpd which is lifting oil prices $5 as the markets open. The move brings the total volume of oil output cuts by OPEC+ to 3.66 million bpd, which equates to around 3.7% of global demand. Oil prices fell to a 15-month low in March, below $70, on concerns that the banking crisis would hurt demand. This decision could boost oil prices by $10 over the coming months. which is good news for the oil majors, such as BP, Shell, and Exxon Mobile, which saw their share prices fall in March. [Start Trading](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJm2-MK5V1-WJV7CgZ9fW6ck6cV2Swj_LW2YZNzh2GMsG0W7npFfC7yv-_6W3b9hBf1KxRZ-W1qDmL33W4Z52W89ybBL5MLmKMW8p-6Xv2x66wLW9d_V0C5-Y-PHW418qkD53wcDJW1cjqY01zfvypW4yV1c56zxXssW1zkRwB34qgBNW3M-Vq487zFk9W7qmbmD8896qqT5RB51NC263N3Rqt6ZwJGrfW1lr8Rd1hr9CTW5KJVCf6rTG6JW58qwkw1YDt0qVFPWF279X3qS3qfz1) Trader's Corner In focus this week • US non-farm payrolls are forecast to rise 240k in March, while the unemployment rate is expected to stay unchanged at 3.6%. Wage growth could surprise as recent business surveys pointed to upward pressure on wages, which could fuel hawkish Fed bets. • The RBA is expected to hike rates by a final 25 basis points taking the OCR to 3.85%, although this is by no means a done deal. Inflation has cooled by more than forecast to 6.8% in February, and the minutes of the March meeting showed that the RBA board reconsidered the case for pausing. • April is typically one of the best months of the year for stock market gains. However, after a very strong Q1, which saw the Nasdaq jump 16.8% and the S&P 500 7%, investors could be wary that those gains leave stocks vulnerable. Economic data this week • China mfg & services PMIs • US ISM mfg & services PMIs • RBA rate decision, US NFP • Cad. employment, EZ PPI Earnings this week • Saga, EnQuest • Lookers, Hilton Food Group • Levi Strauss & Co • Constellation Brands [Start Trading](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJm2-MK5V1-WJV7CgNlNW3919s_5dRQBZN838jVKcpLpPW52NLbG3l8MMPW9gmww035T5QQW1tpRrg8xBNB3W6gPh_s1tNZ5WW5WKV6m8fYNbVW3p-x1-8KjS5qN8km8tkVhNybN18VV6ypZJ1dW91jTyM91NVcDW4rGdTt2n_y1SW8GnbPP2x_DG9W2yZ37G7YhSTsW6gklsw5tCCTxW59YvCr7W75yyW6YYcBD8Xsbv6VrQSPT3Xk4nbW9ckDXC3GMmwVW8R96pc78KRJx34S61) Market Recap European bourses close high on Friday after headline inflation in the bloc cooled by more than expected to 6.9%. The DAX brushed off an unexpected drop in retail sales and closed 0.7% higher, putting gains across the quarter at 11.5%. US markets finished the day, week, month, and quarter on an upbeat note after US core PCE slipped to 4.6% from 4.7%. Personal spending also slowed to 0.2% in February, down from 2%. Today stocks in Europe and in the US are pointing to a mixed start after China factory activity weakened in March as soft overseas demand hurt output. The OPEC+ decision to cut oil production is also raising inflation concerns. Chart Of the Day Stocks reacted positively to the softer US inflation data with the S&P 500 zooming higher. It relieves pressure on the Fed to continue raising rates. [Nasdaq 31032023](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJ32-MJQV1-WJV7CgMfHW3XkSFJ4bL-HbVlsffh15_l48W1ShfRh7WGq5ZW3YPLxF7zgdQhW162h902ybCDPW22BwQx9h-lMtW6cj-LP3-k4H0W8mB_Hx699mPQW8g5_Cj3xRl9BW1FCxtG5XwZC5W23xRPG1wSQhnW5J1pcS1fXJ9FVKGTmh977n74N7dn_fs6q-krW2PJ1D45NzMbgW595l946GK2qlW5QPhYX6S0lWRW18L5WN5-hnDQ3lyc1) [LINKEDIN](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJ32-MJQV1-WJV7Cgz-2VVJmkB3VGm4xW6msCy-5H1FHFW212HbV5JKCZyW68SrkN6J0c4MN7Ds-Css5mrgW98jJxj8KBx-xW7fSqLJ3B94wCW6RMCg39lRWH-W2tFmzc7pS0QgW2NLkkq6xlBhXW2H37nW7gGWN5W96DjQJ2VztPXW9d427q3lhRz-N51KtR4N0t6-W3F-VHH71klLdW9cLWSW4r2_QFVrt7J_37s4x6W74xNsQ7cdmGN38mq1)Highlights Gold: March is Best Month since July 2020! Gold just had its best month since July 2020! Could gold still make a run if the banking stress subsides?⁣ Click [here](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJ32-MJQV1-WJV7CgDP6W4BpG_149RsZkW4kHkk856KMmKW4k9y0Q3TTHXGW6WLnJ28Jssz4N3jdqpSsnldXW27SMnK2jQDf-W2xXVSK83BNQZW7jQTCG4b5kgZW8h-_jZ6DDGrjN7Z94km7cnbBW6Z07nb3vFB_XW90762H2RLNC4W5_WMqM8d9NQvW5gQVbF9gcWXSW5b7JMK2fqF_4W1HRcyC4NsllSW6R6fWs6wzhDtW6XZRzL8TF9Mq2l51)to read more. [Gold analysis - 31.08.2023](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJ32-MJQV1-WJV7CgNzPVbwxGD6W3Z98N26GGfMm4LjTVbCkD06YQP4jW9cQKJN9jXSb7W2Q8X9M9gxsw8W3QqQJs8tskxJMJxZDNQgmh8N1mtTSBmDX99W8ms5DH8_RCq_W6zp0304l3BbbW7p4w_t1zFYNJW9bBNSG2Bk-hQW7Mm0t75bqnnzVzTh7167W7CgW36ZlfR6pjzzRW7fLFNN6jqvQVW6Lk9lG8vW-c8N5bBXHRpx0f93kqP1) [LinkedIn](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJ32-MJQV1-WJV7CgLP9W54gLh44WF2jmW6nxpD93yK6K8W7Qs0Cl4LxybyW7Wn_Jf47GpL0W6W7_KV72PbTJN56JTjrmpcz-W7m-kwh8X8R37W5R0VWz4YzPlfW8_ZvL88tnCXNW1lY0vM4-yrcKW4ylqkB4mlkTmW3tmHFW6w879KW7N_JM7624q9sW4f-Hxp3sl0qdW2mNWLQ6w2pHwW3Rj76N1w7qSmW2GHbQ516qKXgW3rNqX148jCTZ3lp11) poll: Will Gold be a winner in 2023, from here? 🥇 [Vote here, we would love to know your views 💡](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJG2-MKpV1-WJV7CgMPVVdymFG23xzbDW9gtjwM708PwzW6z4zHR3JRhC6W1d7rMs4DTKxVW1ypScn4YMkG9W2RxPS699jVbWMRm6qSq2LGJW16nCyT2TvmnRMl04c1j9dSSW887wmW5-jtCWW7hnpL49lDq9jW4Jqz4S2zv61_W3HKK355PbrSlW1q7kBt5YG5MtW3xwctX3y_lh7W5Krss63QQ2s0N7XC1ZKVTZB3W559w_Q4JMW5pVbv0N11pm44yW3hwkyW7Csz_7N97h8StPkB_vW80w_h29kGHwH31SJ1) Poll of last week ([here](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfKy3d409V1-WJV7CgH0xW4mZ3Gn3dNLwXW66pjMn5t-tm1N4xWbx2Dj1yBW8GDq7n5nw66TW3TYLVn1KC6mdW6yF7YM71GkBqW843rSH4sPhmSW4W3vtJ2DQG6pW7FMl0J6Tx7xLW1r9tQp52_pF0W4SK5pL2q-rcpW70h5RP1dRHh-W4yCgtQ7gpstjW4tc3rh7GgkfhN36zLRdql9StN5RBBVwflMFQW7YpdCv1YW286Vwrdl41NBpm8W3w1HN_2BmgQ5W4s8_-v6vYXgBW4-W57_9cprJzW1kKRXV3H1jTDW3J68V63BkK-SW5mGTVg7WWDJ-W2fCxZ65Qzv14W1fcksc2pVHwfW3PRgtp2-CCH9W1JFkdF24vw5832X_1)): What is your view on the price of oil for 2023? [INSTAGRAM](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfHN2-MJwV1-WJV7CgDH4W8FFGpF2Z1891W11BpyW9lTbt_W3Vz6Fh8SW0bFN5Gp2J5wS6HsW4sTgj84xjsT0W3f43Mj6KyTtWN1D-b-NpWZxrN2JDcDnBJbtjW2Xk6p68KnPVFW3Xx7m_79q_jRW3DpG6s35hksNW7H-Rb_4-hxB4V3g0dP8gZHPlW4yw3mt6-S-m3W8SQ7_W83QFyZW6_QycW3gc7MX3m2p1)Highlights Let's focus on COMMODITIES in this new series.🛢️⁣ What's in store for 2023⁉️ watch our latest video! Click [here](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfHN2-MJwV1-WJV7CgHFkW7yZNL33zJtlYW62J8H22Fcq9mW2S33gc3Vcm98N4sLLrmM6x-gVtCyBC6j03--W4_XVW15n8r8lW1LzNQ_5NGcb5N2fClHRVztvYW6GnPtv8jxxr_W3WxG786LxxjPN20Q4Q3VFV2zW5PpcsS8GvRN2W7m-XSl1ccRpLW6hXClQ3WM5PJW41w6yq8pb2BrW1sY2cB8YH7DN34dk1)to see our page. [c video](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJ32-MJQV1-WJV7CgFD7W5rBRCQ7k83S9W7FwZSG8DZJpgW4T9-5t4vM4JJN3PTK1YKj2g-VKbt0h3JM9X2W4H574l1M9QkGW1PxVwX89ZK72W9fjV4-7n8nYPW8V-cg61FrvP8VnmDG663LK54W1MKBWM7rmR_yW3Wyyhw7Nx4KBW3mJ7F33q842mN4LF37TVPRRnW2YqcKK89R3hzW2BcgV28jjW5CW7cJSmc1vcy3TW37Mj8F1_6TFW3pDh1) FlowBank Blog OpenAI: Open to an IPO? [artificial-intelligence-new-technology-science-futuristic-abstract-human-brain-ai-technology-cpu-central-processor-unit-chipset-big-data-machine-learning-cyber-mind-domination-generative-ai (1)](113/cXx8Z04/VVV77_4sZ2qtVRprQx210QNvVZjc4S4YWM3jN4bXfJ32-MJQV1-WJV7CgXJrW4W0zHB39gsZ2W6vJkWl3GRQR-W6bgSWm3H4TkYW85gQq53h-2vRW4TCBvz4LPQbgW3xXyc927_vNYW5SD2q51B4Mm5W1_ptYS7tsShyW2ZxBLp4zfNDmW54qs9F3HZJ_HN4McygBNpFT5W53YSXN8pt-kdN4-ytDtwxKWXW8m-rpl2ySNVLW69Xstt92WCDfW33K_HM6v5kn4W4QRgjt95ZhTLW2wT5nJ36n1dj34gn1) Artificial intelligence quickly became one of 2023’s hottest topics, mainly on the heels of OpenAI’s November 2022 public launch of ChatGPT. Will OpenAI make an IPO, and would it be a good investment? 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