PC shipments fall 💻 Europe retail sales 🛍️ Bitcoin to 30k 📈

FlowBank's hand-curated fresh financial news [header_noDither] 11.04.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [apple-1] All 5 of the largest computer makers, Dell, HP, Lenovo, ASUS, and Apple saw a double-digit decline in Q1 shipments amid a contraction in consumer demand and inventory woes. Apple's drop was the largest of its peers. Apple Mac shipments fell 40.5% YoY in Q1 2023, and Apple's worldwide PC market share fell from 8.6% to 7.2% according to IDC. [Start Trading](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-Sh2-MK5V1-WJV7CgVt7W8HRPpH6LS_TbN7VWV0LjfvLtW5Nxq_r3Qmsr_N8xB4_K8D13-W8jcwPP3tgWSyW4h3xNK3Y-ZtbN4NVdxTWW22rW5KxH_h9fjtZbVHjkWx6b275DW6cv4tX5FV2V-N114QxfdbLT9W7Lq-4K7SZmwDW6vQS4Q2vn8xJW73Q81P1Dfl6MW2hNWHZ6N3xHvN1Xh0-zTlJp9W3BKGsK2M2KrHW5klF6T1NJw6fVL7DWX7QB82fW8cRbTP4m0jjC3nnD1) Trader's Corner In focus • BTC/USD climbs to 30k for the first time since June 2022, putting gains at 80% YTD. Bitcoin has gained strength during the banking crisis. • AUD/USD rises towards 0.67 on Australia - Sino trade optimism as Australia suspends its WTO dispute with China over barley. The pair shrugs off softer Chinese inflation. Economic data • China CPI • Europe retail sales • IMF World Economic Outlook Earnings • JD Sports • CarMax [Start Trading](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-Sh2-MK5V1-WJV7CgLsmW6bJbxM5gRKYPW1yfVbz6myz6nW4HXVPh1QW-TLW2RwPGh2Tc3QtW7BS0CJ1nDwlyW57SGVf1DsnwqMKgTCRQ7ZsHW2btVvx3qLSQcW3w0fg28CH4kSW8czrFM6D1NLGW7F-Ns77ypGXZW50W33g3_wN71W7_lHCR8w6DGKN4D4k7c_X3lzW6wS7Y05-xc-bVSZLmZ3Hr6z7VcL5By5jGKMNW1trDNZ7lZpDqW5wkgSy5q3C7gW3jr4zX3wcSp436fx1) Market Recap European stock markets were closed on Monday in observance of the Easter Monday extended bank holiday weekend. US indices closed higher as chip stocks helped to offset weakness in big tech after Apple's shock decline in shipments and as treasury yields pushed higher. The robust NFP report on Friday has boosted bets that the Fed will hike rates again in May. Today US and European futures are heading higher as the market mood improves. Softer-than-forecast Chinese inflation gives the PBOC more leeway for supportive measures amid the re-opening. Looking ahead, eurozone retail sales and several Fed speakers are in focus. Chart Of the Day BofA: Inflation to fall off a cliff. Mean reversion is a powerful force, especially with tightening financial conditions. * It's only a forecast. The research also looks at average hourly earnings coming down, together with ISM services prices paid (to revert back to 2019 levels). [BofA 06042023](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-R_2-MJQV1-WJV7CgDTyW2R0yGD1nzZVYW7s5WBh29MkXrW4vMrg88k6rq_W6n4mHj205ZfYW2CvDcD8sz6-HW9jBNZB5lgVlyW3W-2KD1btvWLW7N7LF22KnXh2W42HcCT4TClVxN5lQSdBNfpH2W5_GPPC5br5BdW1p02_11hZPvkW7w1tlG8Fb428W8HcZH264lkFXW7HF6D_1fcztTN20gJxdt5WGQW6qNsvj5v0LWjN79_vGqRqJtL34Bp1) [LINKEDIN](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-R_2-MJQV1-WJV7CgBK3W7_sXJR43V2tbW4HrhyM67v4wWW57sPCB2VdxM_W5Z4Dc953PpXbW8fh8nZ3-rBdMW3M4DXf3t8w3dV40n9X7gCZ3CW58zXD48XPQ4SW696p242QG4GLW68vT0v31NkQJW5Bv_yb7nLb9-W3M01RX4vzCsLW7-2Bcb7XVZXTN19W0KWLTpwKW4FspsB154yr7W7vcCh_30WKpdW5LL2yG3gzSqcW5h7lrF1H7cqg3g4t1)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/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-R_2-MJQV1-WJV7CgJtkW9hSvSr1XlGdQW2wb44h9hynSVW6vzGnb3LP4FDT-ZCD7sW9w5W6Sx08t67lSZJW4PCThj4lJDWBV_PHh178GD5jW1yQpQ97_hYD7W6T-wDm4yB1-2VK3clC76bbQfW4vJGTV5T6LrkVB6Vmz3brN5-W7dxRdm2TXPmrW3rbHdt7T8p2yW1mpPvV42FlrMMHjjpnVnj2dW2Y1_PH7FT1bJW5LVMfD8LH1PC38p31)to read more. [Gold analysis - 31.08.2023](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-R_2-MJQV1-WJV7CgJnVW5qQPBj5qnhZRW2XhLdV2_VgMJW7Q8yjd2frb1mW2GTwMW757Sz7W69L6Km22nY3sW7yXXTC6sr7tLVrmtrp7BcjSKW8jTbkJ61VTgmMXMwT1_PXqMW9h0HFT5tBQ9ZW3GHq6R4ptlQlW5l-13R2RmS1QW20JFtW7k0gf3W6b6L7k3g7YQvW8_0_q84cJ5TfW5q6nks3RxmSTW72PRK66PtYJJVTmH9Z7gkz1H2Vv1) [LinkedIn](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-R_2-MJQV1-WJV7Cg-bmW88vZnw6l83fCW2wpZ_g1Gdg_pW8ys6wT7J4flYW71jhxD6pgYypW6qsBhh5T6PLnW2mFK-M1ZCRDRW2gjpTQ36RmW-VqhTwm489nrrW13SVXX3YfpbJVdp2jF7NsRy1W4KFGRH2YqL4zW8PPDMM4PpGb_W6MWXsR5YhfqjW3Jm0KG9d9kkzW5dMNMw7S5y1sW7dWydF8xGRpsW7c0pqq5n0z6SW5Cp-Gl3gHJYm3fPf1) poll: Do Commodities “Fit” in Your Portfolio in 2023? 🌾 [Vote here, we would love to know your views 💡](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-SB2-MKpV1-WJV7CgL_MMR7qpK2KZ2hVHLln61-LBVCV61BMk7kH3nmW764-6n93x1DzW7k17qr98PMVSW2ChFyr6Wl_XGW2rm0lB4dccKXVNX_PF3v9Q0HN9dGbxVrWrk0Tj5cg2BkvJCW94FszL2-m9L_W8JPgk_4Vfn-XW7gyJ0N4yxhjYN1hTwmpQQD2VV-xlLW15rTxJW9d9gHk6lFv73W1NSpSf3d3NZYW3BttZ_5g2547W11WgRr5jR4_tW8GpKNB1qHLRPV-nr4442zCstW53YdVz1HNW8r35s91) Poll of last week ([here](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-SB2-MKpV1-WJV7CgJLyVBpmRK2-N3y7W3lsbYM4n-CH5W4dX-TD50MDPCVNRMN_178N6TW2kpjBL8tdrxKW9h8DF18w3MjhW4QpKMQ5d_lw7W1J-XSP7J_V51W4Q40rh4kMHlLW544vmg2qpN37W6_JkJn8gRWw4W7fHGfr6fmtHKW6RRkt13g3n3XW6w8fFv89WScZW1llt0f7gYgxBMXjz5FJWxkPW4l2T5z78_bP9N1hBt9S5dM4CW8clKzp7-7WwkW79RmXr3zbhSCW5H052311l0d1W7Ys73y3jRhyk3c9y1)): Will Gold be a winner in 2023, from here? 🥇 [INSTAGRAM](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-RJ2-MJwV1-WJV7CgNVgW3rbJMd98vq2WN3MxsG87L1sWW2PTW4X81VvgHW5ChvPX20Tb-XW79qVjT2566_4W3Wl3-T85k0BtW5cp4z045nYSwW5xFLFZ79kv49W2g-Rkr5h2zKsW67rw4C1GpFh7W4MRKrL96VzqTW1t3Cr41dbybRN15dd3n18KXxW27sQz95rK709W5t5Z-N8Ld4DbW4gZrjb8JQfNr3kx-1)Highlights Which of these brands will benefit the most from Easter holiday shopping? 🛒 ⁣ Click [here](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-RJ2-MJwV1-WJV7CgMd8W42ZVHG2ZsSgZW7lJgL_1ZmxdVW7lhcHS3_pzkLW6fvDbl4_Mv-FW2cSPLY1JqwCWW19b8Zv6rTL6_W1tl7j57FH2VsN2ZYvNVsbTkHW3tVCDp9ccSjxW3DRr5l1dlnDZW93gT5v282SmRW5SpDPs8Fxm58W2-TPwl6mh27yW1Z5GJk487PH4VyKwxp8zckKbW3v7hZR5vXX0n3lfn1)to see our page. [pop](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-R_2-MJQV1-WJV7CgM2nW4n8LwV4y3TxdW8dQQ9B6l0tt6W8PGhpK1MysS-W2JBRX428DywcW3nNHF28KfvFYW66jDtY5LXRlFW8Cq06R6Y1gh0W3yHfqY755JpvW8bP4c61T9VSWW1gJNWb6HB40VW6gp5M738XCgcW55dRr03DpLTdW5bhp8Y3dlvKSW2x29Y02hsqKlW3GxmKy5MDTDxW7C_7y_16rWcSW3z7wnY21gp9dW98xXL73Qs17c3kn11) FlowBank Blog What's in store for commodities in 2023? [man-checking-stock-market-data-tablet (1)](113/cXx8Z04/VVHS_72b60LsW3-jxSG2J6C0VW69sl4k4ZcW9TMrH-R_2-MJQV1-WJV7CgM79W62RrCZ7h6jntW6lZsjY3p9q2hW4cB0gF2wF8-VW7x0p827Nc9T5W1_sJ9j2Rq-wYW6qVNQC1nj4jGN6zXFDnQmfj6W7SnsMC8VNDs7W5J0GRd95wFQFW2sstjS5fS0Z2VstpP767bMj7W3bk1_38XZ-MtW4FkcT61Bx0lhW2Bf5564Wb04gW1Dw5JW6dWNCfW5LFSGh5Mx68lW3w85rP5fd3TpW436Ybq8q8cfv32Dd1) Commodities are getting interesting again. The benchmark commodity index is in a bear market, down more than 20% from its 2022 high, is this the time for bulls to jump back in? 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