Porsche's record sales 🚗 China's GDP beats 📊 US earnings in focus 📊

FlowBank's hand-curated fresh financial news [header_noDither] 18.04.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [Porsche 718 Cayman (12)] Porsche AG is the latest luxury brand to benefit from a rebound in demand in China. Porsche posted a record 18% year-on-year rise in Q1 sales, delivering 80,767 worldwide, with gains achieved in every region. The luxury car maker delivered 21,365 cars in China, its largest single market, representing 21% growth annually amid a post-pandemic surge. [Start Trading](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD0N2-MK5V1-WJV7Cg-WkN6HWkHrnNPd1W5kVxbk5qQzsTW5WPGfz3HCr8BW7jyJMb8Btl4VW7DN-BK3zCQ68W6nGVm86J5tYhW91vpKf52QkXbW6YFC3w3dLTKZW2q7VzJ2RyJBNW9kG99L7Sy1X_W8gvJ6P2t_sLpW660R3D5pwq9pW48q_-F6671DsW7jJqp21sbNs2V9s-dF6kMvVPW7w7wHc3D_BKJW8qxBbw7GSyrxW5X4BCQ3gLhXwW7mt_bq8xQl49W2c2W4-23-m1Y3cL-1) Trader's Corner In focus • EUR/USD rises towards 1.0950 as the USD eases, and attention turns towards German ZEW economic sentiment, which is expected to improve further. • AUD/USD is rising towards 0.6750, outperforming major peers, after the RBA minutes hinted at further rate hikes and after China's GDP beat. Economic data • China GDP, RBA minutes • UK unemployment, Cad. CPI • Ger. ZEW economic sentiment Earnings • Netflix, United Airlines • BofA, Goldman Sachs, • Johnson & Johnson [Start Trading](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD0N2-MK5V1-WJV7CgTgpVJpxx06XvvknW71Lj_d8vK4Z9V39gnZ8sNMQqW6h1nY5845HHvW3Xx73G7sKvf5W3k31TN25hcwqN3snrk1xRvvFW8NmYNY7D97GRW6py64F8JlvMzW45BpNs1R4VbbN5-hDsQM9ykSW1KkdVl8mdnMrW9lWnXZ45b7W6W16Qd404c3yB1W7V22M330WzLwW8vmHm98mpY2TVLg2Nf6k6jQjW9gLs1F85CV7CW4K-h_F5YzSBrW1XzSNM2rwZ4Y389l1) Market Recap Stocks in Europe started the week muted and broadly in the red as investors braced for a busy week with the European earnings season kicking off. Wall Street rose quietly higher yesterday as investors digested more quarterly earnings reports with Charles Schwab and M&T Bank impressing, while State Street fell 9% after missing estimates. Alphabet fell 2% on reports that Samsung could ditch Google Search for Microsoft’s Bing. Today European and US futures are muted despite China's economy growing at 4.5% in Q1, YoY, faster than forecast. Investors are unlikely to be taking on big positions ahead of more bank earnings. Chart Of the Day US Stocks just had their best performance ahead of earnings since 2009, per Bloomberg. Markets are looking at the brighter side of things, front-running central bank pivots*, and not pricing in hard-landing risks (that was 2022). *Going back to 1982, the S&P 500 has returned an average of 19% in the 12 months after interest rates peaked. [spx1704](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD0t2-MJQV1-WJV7CgVvQW23xJBy6sG8n6W3QY5rq39ZwCtW8sSgkm30jqcQW2v-Jmd7gSYQpW2q6mVg18FCGNW64ftSW3TH0klW3DCQXL47chDCW71DBKB7lDblSW154Xyr31Zf5YW57_NpZ74YjwJW3vZkhh3llzZ_W77J4QZ1LKNDPW2nGwMl2BGV7WW38PYC34-9MH4N3S4ttzsl4g-W9gJsww3kSv-JW8Dw-QG6vQLVcW5r31sz81CQTk34X31) [LINKEDIN](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD0t2-MJQV1-WJV7CgDvwVlZNxq5Xq_KjW6ncPY-7ldhkRW3bmcGM8BpTSPW3brFBg17TpjPN5n-WxQhzrHHW33jwSV7z9kxmW4dsm4994zgz-W93DR2y7K6m6qN6QF1JvH_7HGW7nQ3Jr8VXfRqW8TWJ2-6sdXWKW1VJLrj2tSsCWW60Q6XZ3LMGDzW899SQN4YS7HQN4z3d-5qr2TZW6CHhyg96RGmMW1vNpJH5fjxj0W2SWKQl34b7PQ3k9F1)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/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD0t2-MJQV1-WJV7CgWZjM_XcBjL9WCYW3TRPjZ95myBrW87Tn3-962mjyW687xq34CSfTbW999bfN2TDYRhW7G8s8287HnvdVbfchK3H3TNyW9lPB_619tmQfW2bHbVL1LsD0zW26nTVf1ScyD1W7gq1RQ2BM3l8W3zQZ5w8xHrRKN5pz9csS6V0vW8t1rx05bVyzwW4Rwvmc30Z5LxW2PLY_G8Y9p1TW1Jc9vv7vGk-NW6VfymH6g_lP4315f1)to read more. [Gold analysis - 31.08.2023](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD0t2-MJQV1-WJV7CgKYgW8H_F9q82Lt_nW6XdQNs8MYWvpW7HQpNh6zc3DZW5dTxHb5l4Nr_W3gptXj1BP1JFW5V0Nsk2cyN9pW1ZJldl7xWXcrMLYCcYmL6VnW3gt3Zh3DpxL2W6L5WXg2KMck9VJ5vBt7_Gd5WW45wnpM8nDC0GW2NL2V922jDKRW9kKBYT4cr4FLW3hnFsX6tvllDW6CRkDB78mXg0N6x3Q4yQKNk9Vx-z7513tS8D36F-1) [LinkedIn](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD0t2-MJQV1-WJV7CgG8WW5Yk5j033MymQW3r2hpf2v9WW9W1t3Lrg20TdPFW3rlY9S4x4jchW6ZmZ4S1YR-D4W89r4Mp2JRhYXW1B46NX1WNXsxW8Bn0FJ1J364_W2r31YD4sHLF9W8xLcWj5Xj_X5W2HyXPd1GDjM3W66dxZd14RBpxW38wvby72bj0SW1xJ5hs3QzMgRW8Qk0t16vX4z2W71B51f2-XlYtVblsL97YTRKLW55kyRt36vYLc3gY01) poll: How do you feel ahead of US bank earnings? 🏦 [Vote here, we would love to know your views 💡](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD132-MKpV1-WJV7CgCSLW4zkZdf7VgwSVVd7DXq3z6k-sW4xj4v04Mfwb3W7YyqPm45lc9yW95V98t8X4cJfW6nbqDC2t4J7yW1dZ1sk8QhCTqV4Nptr7tBkl3VYWLhC1Y9nF7W7Yq9_2341Gj-W6_y24S9lWypfVWzt-c1SXg7VW6BWH6M1mq8wyN66CrH2g6V_fN58kzt_NNKjrW1Rm4CM4Ksd8jW872MHB4Fwx0CW43srYC8P7lcFN7wswxw4_V4xW7BF0hC6Nx39MW2rGGTs1BWyHpW25v1vM24yDSn35xc1) Poll of last week ([here](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD132-MKpV1-WJV7CgRjbW7M6yDs941y58V6c6hq3NJQJcW7Kh-VV3SJPgyW84VVhs6CRyPBVhZ4xP7xyDPXW1tZ7l454Jkv2W8Q_wR65hVNT_W8wT2641WLzVRW86ZJKb56bXCjW3073ML67QY1XVRDcx75RDrBCW4GTRkj5Lrzj1V-sl1f57FZhxN5P2239YZxmsW3FvK946ny6KyW2pbbTZ8YkwmVW20bTK463ff2JMzJdQbSw-LbW6gvQSf35cS0kW1Vdg8b72xpzWW36bchN4V5kmXW3Yzm2K2CFxqt3pzP1)): Do Commodities “Fit” in 2023? 🌾 [INSTAGRAM](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD092-MJwV1-WJV7CgSGHW6r7M6Y8wR4HzW5NqCMS8f7CmrW1WrK0X5wK6QBN7DtKtv3sHYtW68WMR08pGv9hN5L3nSvJQMwvW98N0BS9gTC7wW6fwH2L1hb0xPW5gmyyr7--9v4W6Nz51Y5HJh00W8bwCMC4WSVv9W3TF__66H76SqW5MFq_23_RjGwW8dxlHs5NWdGZW2s_75Z1WWX8CW4rPVJR6wSsws25T1)Highlights Which of these brands will benefit the most from Easter holiday shopping? 🛒 ⁣ Click [here](113/cXx8Z04/VW2QnT93CJyJW1P9drc4-H7p6W3LfLlX4ZvWcbN7FnD092-MJwV1-WJV7CgQndW3HrFD-7g9YdsW2MHjKt7qHRx5W1H0WNM4FdhQdW22-scB7tbnf8W46Rqd18Y1wFfN1CgzpsLm1H_W91h_Yt5Sn0XTV48FV-6vTDXJW3w3yc02f2GSXW3T8LD12mF_S4W1Nt_6h80zkk_W7whZ204-btllW2j4bJy7KfmLjW1L65Qv11XzYDW43BkL36hV8h8W3FSDM68GPpwC3hWz1)to see our page. 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