In the markets: Coke-Cola beats 🥤 Microsoft & Alphabet report📊 Consumer confidence 👛

FlowBank's hand-curated fresh financial news [header_noDither] 25.04.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [cola] Coca-Cola saw a solid start to the year, with both earnings and revenue beating forecasts thanks to strong demand and an 11% increase in average selling prices. Consumer staples have weathered the challenging macroeconomic climate well, as consumers have been willing to pay more for their favorite brands. But for how much longer? [Start Trading](113/cXx8Z04/VVSw4c3WymPKW5cxHVT4HH_6RW3V7XmG4ZNWvXN8_nRFD2-MK5V1-WJV7CgNCjW9fN58L44nKTYW7MmdlC7900xHW8CWvdc6JcvcTW427CG68M1B0zW7-h5Fv91Q-hPT4_ZL4nYJlGW38sPrS70Jv7RW6q3S2k3CWlKZW6TM3bR8WRCXhW5wdmt41tNGSmW4D7mZ21_s-8SW418RLL2nGGPPW9cXx9-273s6FW2vr2Vb6H74GqW7kyCdR31vGVCW1_pp6y8mx82sW5bzQfP12mVN9W4bk_Zt51bpWJW72sfqz8M0XF3W71Hp257Cd0MQ394P1) Trader's Corner In focus • Microsoft reports after the close and is the only big tech firm forecast to post EPS growth. Wall Street expects EPS of $2.23 on revenue of $51.1 billion. • Alphabet's AI guidance will be key, when it reports today, as well as the ad business and cost-cutting efforts. EPS of $1.08 on revenue of $68.96 billion is expected. Economic data • Swiss trade balance • US consumer confidence • US new home sales Earnings • Alphabet, Microsoft, Spotify • GE, GM, PepsiCo, 3M, UPS • Anglo American, Visa, UBS [Start Trading](113/cXx8Z04/VVSw4c3WymPKW5cxHVT4HH_6RW3V7XmG4ZNWvXN8_nRFD2-MK5V1-WJV7CgFlKW3XwBYM46P1-jW6kWf4K8BQtKGW7pS2NK2mXR9xW93h0fL5Wz6JpW5BJ_3z6S370-VlrGJb7QMprKVsqQT66G9cq4W7Bm6WJ6fzSVwW5wTYQ86SFr0gW22Hc6_6fXfLxW1FhqlF8DKbF2W7nrLqS5klWb9W2W0t3x491t2KW1LVwyB8DNjbBW7BQ9pg86bLPxW4l5q5-37DW3xW6QY-jP8JfRtrW2XcDgX9jT8tBVLgYQJ7L3qBVW8TSSDP6H13J63pLf1) Market Recap European stocks closed modestly lower on Monday with Q1 earnings well underway. Philips jumped 14% on firmer sales & forecast-beating earnings. EUR/USD rose towards 1.1050 after German business sentiment improved. US indices were mixed, with the Nasdaq underperforming as investors prepared for big tech earnings and as the Fed entered the blackout period ahead of next week’s FOMC. First Republic fell in after-hours trade after results showed that deposits fell 40%, although have now stabilized. Following on from weakness in Asia, European & US futures are pointing to a negative start ahead of a busy day for earnings. The USD is under pressure with US consumer confidence data in focus, and the EUR gains after more ECB hawkish commentary. Chart Of the Day This week is all about earnings. So far, in Q1 earnings 75% of firms have beaten EPS consensus, by an average of 5.3% & EPS are being revised higher, suggesting the worst may be in the past. In Big Tech, markets have already cheered their enormous cost-cutting initiatives. Lastly, interesting to point out that the Leading Economic Index (LEI) fell for a 12th straight month, still yet WITHOUT a recession, which is unprecedented. [Earnings Week 24April Wall Street Horizon](113/cXx8Z04/VVSw4c3WymPKW5cxHVT4HH_6RW3V7XmG4ZNWvXN8_nRFk2-MJQV1-WJV7CgDcBW3x5m4x2zb3TkW5VBCwK8HLBCXVK9ndM4nLBGfW2Lp2-L2917v4W6_NYX46nhQqyW2JJLL35VTjhJW6vGD348MYNj5W5KKKGv8kNk4cW1wVvgt1cCbZwW8ZtmyS7qJz2GW1bMy6b8thtcBW6sF5Px1Rrl-fVJxqjG8M7_QbM5q9gw4nk1lW5qrXpH2ZTCJLW6vtdtz5vwL_QW4ZdFdT65K-LDW6QTjpX6Gw9Yp33vr1) [LINKEDIN](113/cXx8Z04/VVSw4c3WymPKW5cxHVT4HH_6RW3V7XmG4ZNWvXN8_nRFk2-MJQV1-WJV7CgRQGW1s1Q2X3-VKk2N16kyMV4PW7TW3j_0y02__cJYW7Lk9Wn94wLzlW6Bf6cV33ff35W5hVR_N542J34V6bXrV4wtfhPW6RhrtQ2hJLSDW54R_3t8mK-7tW19D9H88xS1txW5VFpqF8kZ_x5W5m9LJT87qGwSV5gF7X6qR2-XW7pjr5F3nDjhtW2d7S_f5x0JLKW45zV027Vk4h5W7g_5lK7-LcDYW2cM84G2t8j-V38Q71)Highlights Oil: 'Stuck' in a Trading Range. Here are the Catalysts 🎢 Supply is restricted in the medium term given OPEC+ vowed to cut production. And global demand is not coming off track. This would likely require to see a sustained downward path in economic growth. Click [here](113/cXx8Z04/VVSw4c3WymPKW5cxHVT4HH_6RW3V7XmG4ZNWvXN8_nRFk2-MJQV1-WJV7CgRxHW3nw1wN1-3P03W7hq6jd91W0QFW8s_Csn6GncKcN6KRlg05c6zfW7KsdQn32WpGjW7t_X4B475426W1tYVFY2Dr-L8W5kGLSz7Rky4YN9csWXGfz5s0Mm_Czbd2KHvW2TWXf85hN_bDW37J7Jk4H3sFKW8380Wy4Nk6MbW21XCr68HPvvcW81w14f4mXfRTVrN8NP6yCX-cW2jSnkM1q0wj8W1Wx63v21-xHc3d241)to read more. 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