Apple higher on demand optimism 🎢 stocks advance 📈 MSFT earnings 👀 US & EU PMIs 🔮 Oil WTI $83 ⚠️

FlowBank's hand-curated fresh financial news [header_noDither] 24.01.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [APPLE BF 1 copy] Apple shares jumped 2.3% as investors hoped that China's reopening will boost the computer and electronics industries. Morgan Stanley rated the company as a top choice, stating that the reopening had "significant ramifications" for both demand and supply. [Start Trading](113/cXx8Z04/VWJjDL76jYWJW2ylNj367BKSZQ14W8XPtN91mn7Q2-MK5V1-WJV7CgYs8W7gqscB6rFrVyW6XJBjM7xCzPDW5pgNY35Kj5wDW8SYGv16vWkTDN23MV4GgG5MjW2p0NB_1Ls7hCW48td4q3WY4_7W82tZqD7lqHPGV13b_k6d7bvbW8633Sk1_HDd-W1bntRt2hjnvBW2PtlPn8LQ-yTW20QSL23DkkxnVHfbwZ3sQvZgW70F7sr2Sb0yTW790b5D5JH9qtW4m_yBS25CBn-W3k_-061PykSmW836PTw8TtNBLN4_qzC4bwxgZ355x1) Trader's Corner In focus • Stocks are seeing a nice rally on expectations that corporations could manage current macro headwinds by cutting expenses. Microsoft earnings release today after the bell will be testing this assumption. • Markets will be receiving growth numbers from both the manufacturing and services sectors. A slight improvement in PMIs numbers is expected. A negative surprise could bring some selling pressure. • Lastly, oil traders will keep an eye on WTI, which continued to advance 1%, but failed to break above the $83pb levels. Could we see some profit taking? Economic data • US PMIs, Redbook, API crude oil stock • EU PMIs, ECB's Lagarde speaks • German PMIs, GfK Consumer Climate • UK PMIs, PPI Earnings • Microsoft, J&J, Raytheon Technologies, 3M, Lockheed Martin • Texas instrument, Union Pacific, General Electric, • Danaher, Travelers, Invesco Crypto • Bitcoin rose 2.5% to above $23,000 in a sign that market sentiment is improving. BTC continues to be highly correlated to tech stocks, which also performed strongly. • Though crypto inflows almost quadrupled over the last week, investors still appear to be bearish, per a new CoinShares report. [Table 24012023] [Start Trading](113/cXx8Z04/VWJjDL76jYWJW2ylNj367BKSZQ14W8XPtN91mn7Q2-MK5V1-WJV7CgPL7W3xJpbc71FzgJW5KQfRs3wCdBgW1Nt0-k7WS1lMW7dt4dr1prDvmW7SmM-j5WGjThVr1BbF6-y_72W5S207r4gNyXPW35vQXN2xx2gpW7hvspc8mDY0RN42kgNSp9RfxW53M4Mz5SJ_lGW2P77JN96HHzdN1WkTfTZnkX5W6skP6s3mv27xW2r7f-x4JT6YsW40Br103MH9QgW8F5PBl4wX382W2hDRbw81Qn3jVMKCT15b0vGXW2lyTpx6_zMLg3kDF1) Market Recap The Nasdaq reached a five-week high as US markets continued to soar. Earnings expectations for large-cap technology companies boosted the technology sector. Chip stocks rose as well, after the upgrading of numerous firms in the industry by Barclays. AMD increased by 9.2%. Gold futures finished at $1,928/oz, rebounding from early losses, but under pressure from rising rates and the dollar. In addition, the 10-year German bund yield jumped +2.2 basis points to 2.2% as a result of hawkish statements from ECB Governing Council members. The EUR rose but then fell, ending with little change. This morning, S&P500 futures are flat ahead of PMIs data release, which could volatility to the EURUSD. Tech names could be on the move today in US after-hours as Microsoft reports its quarterly earnings. Chart Of the Day The Nasdaq managed for the first time to break above the top of its descending triangular pattern. Could we see more buyers chase the rally? [Screenshot 2023-01-23 at 19.47.33](113/cXx8Z04/VWJjDL76jYWJW2ylNj367BKSZQ14W8XPtN91mn7w2-MJQV1-WJV7CgL6SW1Fk3GM1ql4rnW2mQZDD7rWDJrW475kKh5yXCZSW9bkjs972MZtQN81qvWWxFcRtW58MHY46gKN7QN5f1NNtQF151W7htsBn23GC7DW1zQznQ85kTLtVFxZdx32h-WlW8Yn9D22MpgjNW8Zf4nh7r7lsDW7z1jtC75cr7yVSGlJ2786SNRW1XCcMn29809sW68sRF31c4HfGW1ZT3kZ22hvfzW6hxRqR2WTYPC31mN1) FlowBank Blog Will Chinese Stocks be the Winners of 2023? [CN](113/cXx8Z04/VWJjDL76jYWJW2ylNj367BKSZQ14W8XPtN91mn7w2-MJQV1-WJV7CgRbjN2zMccB5v2D0W6lsMWj1hwGMjW1qVnPH46RZf_N3kSGNLrr2Q_W3tCHLT6VYSk0W8jB5d82j2x7xW6gvNz_49_FjzW18HnL02j4F3fW4L_6rT8V5GfBW98hGYM7--KqCW1xcLr75WNJFtVpbcM48HJN26W3FMYX62JsB-1W4bjpLq7kbL6XN28_m_DnRsYbW14PSHn1-7dCGW8fYfrC2ryW0FW7BGpl127JYYs3lsm1) Both the Shanghai Composite and the Hang Seng (Hong Kong index but many Chinese companies) are up on the year, 5.7% and 13.5% respectively. Will this strength in China stocks be a theme across 2023? 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