Microsoft & Alphabet post strong growth 💻 Meta reports 👍 Oil drops 🛢️

FlowBank's hand-curated fresh financial news [header_noDither] 26.04.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [google] Alphabet posted Q1 earnings and revenue ahead of forecasts and a profit in its cloud business for the first time. Total revenue was $69.9 billion, beating estimates of $68.9 billion, as search advertising is proving to be more resilient than spending on social media. GOOGL announced a $70 billion share buyback. [Start Trading](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0FqX2-MK5V1-WJV7CgYlLW5rVnyf3B8YqQW90BQjr5K4stDW4Ff-lG9hTy-PW1nxvQL29HGk8W87jBN87GJQwTW43mFHQ9l5mHJW1l39YS1Hq257W5cR6w06Y2JTPW6r0THJ6SqQCkMNfJRY8VGQWW4ZpqZf51_7XCW2fqf3k49mny2W9g0rx78Wl1Q2W6zf7kT1LqgtDW900T341zwnR5W66T_w83Rw3CRW61Q89v2fZFb2W2rVwhJ6bn_xRW8czjVz56WhMPW2Z1kx08_4-sm3kkm1) Trader's Corner In focus • Meta is due to report after the close and as the share price trades 65% higher YTD. Q1 profits are expected to fall 28% as ad revenue slowed and as Meta braces for a 3rd round of layoffs. • Oil hovers around a monthly low after soft US economic data & on USD strength. EIA stockpile data is due. Economic data • Aus. CPI, EIA oil inventories • Ger. consumer confidence • US durable goods orders Earnings • Boeing, eBay, Fresnillo • GSK, Meta • Standard Chartered [Start Trading](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0FqX2-MK5V1-WJV7CgYVsW2m5S9H5ztcpbW6Jhvhr90GvlxW8LjDcT6xQQDLW8qBFbv5MXwT6W5-3s2q4bRJ9-W6LqMts75k2rqW4gDcR-8pHCz_W2GmXj627-9S0N724_Yw85NvdW6lBQ3082nvBQW7xjlHX8lxtjnW8y5Rl95qKpSyV9Xm6K8rw1vmN2mf9Dgr39cGW63dKPx18TdmDW3_Z_DM2jKsdlW2PtKxD6wNc_4W4SV7lW2bQMm1W5jmF3g5LFDwsW3FBk4r8q8jCC3nyy1) Market Recap European stocks closed modestly lower again after an earnings deluge on Tuesday. While consumer staples impressed, banks struggled with Santander and UBS missing forecasts. US indices also fell as treasury yields slid amid mounting recession fears. Earnings provided a mixed picture, with consumer staples performing well, but economically sensitive cyclicals broadly missed. Consumer confidence fell to a 9-month low. Today US futures are rising, with the Nasdaq outperforming after solid results from Microsoft and Alphabet. However, futures in Europe head southwards amid a steady stream of bad news from the banks and ahead of German consumer confidence. Chart Of the Day Markets have had a good run so far this year, led by tech giants thanks to cost-cutting initiatives and a pivot to a focus on profitability. Tech typically leads the market (higher or lower), so investors are waiting to see where tech is headed next. Going into these earnings there are 3 important elements: (1). 75% of firms are beating earnings so far (positive). (2). Bearish positioning in S&P 500 futures is enormous (positive). (3). Volatility has come down by a lot (Some will say this is positive suggesting a bull market, but it also means it leaves markets more vulnerable (slightly negative). [Investors buy dips 25052024](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0FqD2-MJQV1-WJV7CgXg2W6s7SRN3p04C1W8yC-wy5YcGNjW1XdnKs8bSw4VN3N8HYw13bKjW8LvQnL85WKxzW8b_ssk5bsj6rW4ByvxM6_8p7VW3pqHJj181kXCW4gbL3d4cRCYnW3kM-qx1-_vm6W7zY__W5hXP5LW7FtLnQ55W_WpN2BTkqjv62q7W21sBYG7fQGDRW365HqS3PSl9FN92cbqR_qw2NW7XWlXf13tHMLW5cRD7d7TkBf43mBg1) [LINKEDIN](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0FqD2-MJQV1-WJV7CgPjXW7mgG3J3FH3d4W4y-X2g29lM7XW71cK_p1SQ0GkW2Bf98t2fKyQRW6VZtwM2wP45TW2skxRH85z-T3W318-Sj7ypZCzW8sStdj2C3rJ5W2K0t0d12kLc6W5_GKbS3rx072N7Rz8JKd0GlpN4GSWDpSfH8dW2_Pb338ZH2rTW65M-751DqM_lW7lD5ZK27MZSnW4fYm-32L4lbnW5p-93D8TpTJpW1zhpmJ4csGjm3pc81)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/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0FqD2-MJQV1-WJV7CgHLNW5Kwccg7xx2h9W5YkvlW1vnXztW7XhlRh4KqV8pN37kF7bwg4C_N7cvM7-fwzVPW92Dd4y6W5T0tW7sB-xs4c-M7gMLsjvsP_t4KW8RCYxq7LS0HzW5zkfVw8K2-XcW7-xdZp2M8_38VLWdRM3DynF4W5l1wgK1nttGqW23K2LX3fj78DW1jQcJZ8RKHGfN7zrgRxhJzG9Vm-mgb7DYxPbW20Y6G62Srj3b3p_41)to read more. [wti RANGE-1](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0FqD2-MJQV1-WJV7CgLw0W3Plk7D4488vmF41z2Fs6XHrW6_WN9Q7-3mNtN16Zn_Q7zcHLW7D-gXh6qSd-LW8KTlcZ8S_ffSW3w758n7RZ04rW4WS-vq5ZX3P4W95y4jX8JHq5zW1NnfXW85s_N8W8Hb7_h2vQCWlW4ss2GT82y2y9W8RCrSd1G0B5JW2PqzDY40LZbpW7m_BKn8GFX-YVNYKBh6vCvY9N2jKFwLQPhBfW8b5lc919y1_l2-f1) [LinkedIn](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0FqD2-MJQV1-WJV7CgR_JW2yg-Pp1lPS_4W8_dcXt8drzPjVm8SVv7bn04gN82zSljk3jm1N87xXfqH67qgW4718Mk6wtYL1W76Dpby1Xjj_yN7pMH5rQ5TxXW7V-0d14XQpM9W7SWyft9d3rBcW15fRkV4Rg40qW9hkFsw5ZCgfZW7nTpWZ2TxFDDW400Dyw6CgVhKW5Kv3h15YxfJlW6yzYZm8fsqydN7n2ss982ndNW27Grk_4HyT0p38Dg1) poll: Will Big Tech earnings exceed expectations? [Vote here, we would love to know your views 💡](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0Frc2-MKpV1-WJV7CgR7bVXYjGX3T644KT4yLp2s9LfQW4rVWxB4wGGD6W2sy56m2bYDK8W43ywcg1yG08bW55fJ_r2zDZ1dW6t4KTD4wgRfcW44V9B64_bq8LW6x2pXs1gSNkhW5WRSwX963vQ7M32PqnhvD9CW3lZWP68kpN7BW4WBWXj7tv1KCW3J8pzG2K4-zdV7cVfj9jyDZVW14BL2d34fsHnW3wwq6c8d7gWhW6t6QSz7DlSjyW2MMWb85LfWdRV2z2FY7sLw4tW6vfhMs7h6Bv_W6lLq4n2YgBwX3hKK1) [INSTAGRAM](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0Fqk2-MJwV1-WJV7CgGNzW935SFt3BkN6XW4yDfGt2ZMgbTW3szW4g77HKhSVLKYFC7Sb6JRW6HQNdy2V0kYRW924p3X1fSjGYN5YzFBsVFhTrW9f6kzk8Yn9l4W4tvZdY8xmGBSW3JMmR12vmNSmW4NLRt41Ghr1YW5lJfWt4SGd3QW5sgYTt5sPZ4VW3l-zy92nyRRlW7rJjVT6FrYnDW2jPF3v8vKytN3lWL1)Highlights Renewable Energy Companies In Focus 🔋 Click [here](113/cXx8Z04/VX6sxx7YrRmZW4C42NQ3KcjgbVXkGBG4ZR1xcN1m0Fqk2-MJwV1-WJV7CgMrRW6Z6h922zt1d-W8S5rvD3FHQxbN23GttzsRn4rW7L74nx6P6Hd7W5h4ngG6B8PlHW5R5V3r6x1G3wW5dNq3H8v9Fx9W7Kf6DB7kjMz8W1cs6Z85GLR1QW6QyFT35f9rHwW3KKP1J8bl4ZwW5ZKfqt8pPy1HMpfTt9jn0BrW1tcW9F6-K4JgW76WNJK1yflVmW8pjsMV594Xzq3qcb1)to see our page. 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