The financial markets are in trouble towards the end of the year. The so-called risk propensity many investors lack, which is not surprising after last week’s heavy selling pressure and central banks on high alert.
Today Exor makes its appearance in the AEX, Just Eat Takeaway is included in the AMX. In Germany, Porsche is included in the DAX and VW quotations for no less than €19.06 ex-dividend. In Belgium, Fagron has a major activist shareholder with a significant interest behind it.
The Damrak agenda is largely empty. However, investors will have their eyes on Fugro. The company’s role in the failure of a dam in Brazil – which killed 272 people – is under review.
Little action to see
- future Europeans
- Asia again lost between 0.5 and 1.5%
- VIX shows little sign of life around 10pm
- The US dollar is rather flat against the euro
- 10-year interest rates are lagging behind
- Gold and cryptocurrencies are dormant, oil prices are rising slightly
Meanwhile, Elon Musk is holding a poll asking whether he should step down as Twitter CEO:
Should I step down as head of Twitter? I will stick to the results of this poll.
— Elon Musk (@elonmusk) December 18, 2022
News, tips, short films and agenda
The most important news from ABM extension Financial news:
08:03 AEX starts slightly higher after roller coaster ride
07:46 am Beursblik: Berenberg removes NN Group from the buying list
07:41 Musk questions his role on Twitter
07:29 Fugro involved in the Brazilian mining disaster – media
07:04 European stock markets should open higher
18 Dec EU agrees climate legislation
Dec 18 The currency markets are slowly approaching Christmas
17 Dec Close up: Colruyt in free fall
17 Dec In the foreground: exhibition by images
Dec 17 Slightly bigger DWS in Fugro
17 Dec Goldman Sachs wants to cut thousands of jobs
Dec 17 “Elon Musk seeks new capital for Twitter”
The AFM reports it short:
Bron: Shortell.nl
Analyst Opinions
NN Group: price target unchanged €52.80 to hold buy – Berenberg
of the agenda
10:00 am Economic climate IFO Germany December (consensus 87.4)
10:00pm Nike Q2 numbers (fiscal year interrupted)
And then this
A year-end rally is more than welcome, especially in light of last week’s sharp price declines. Normally December is considered a ‘good month’ but this time it’s differentor would the professional parts be ready already?
World’s Biggest Fund Managers Ready to Offload Up to $100Bn of Equities in Final Weeks of Year https://t.co/NCjQYjfRFo through @markets
— Martin Crum (@martinjancrum) December 17, 2022
The current energy crisis is annoying to say the least, it will still have a significant impact on the economy – especially in Europe – but it’s probably a case of persevering for a while:
Nuclear fusion: from science fiction to ‘when, not if’ https://t.co/09ziammLzA
— Martin Crum (@martinjancrum) December 17, 2022
Criticisms of Elon Musk increase with each further decline in Tesla’s stock price:
Musk’s worrying week pushes #Tesla investors closer to the edge: Tesla stock price is down 16% in the last 5 sessions for the worst week since the pandemic. Musk’s actions on Twitter have “damaged” his reputation. Demand for EVs set to slow as Musk is busy with Twitter. https://t.co/OZOpozLffs pic.twitter.com/7iK3d3g24s
— Holger Zschaepitz (@Schuldensuehner) December 17, 2022
Hout is also ‘out’
Timber prices are at their lowest level since June 2020, down 78% from their peak in May 2021. pic.twitter.com/H47uVZBJ1F
— Charlie Bilello (@charliebilello) December 17, 2022
You will pay for your CO2 emissions, at least if it’s up to Brussels
Brussels agrees details of world’s first carbon border tax https://t.co/ORfx66ZKIG
— Martin Crum (@martinjancrum) December 18, 2022
The energy crisis is not over yet
Europe’s energy bill has risen to €1 trillion as a result of Russia’s war in Ukraine and the crisis is only just beginning https://t.co/GjryhXDXIY through @markets
— Martin Crum (@martinjancrum) December 18, 2022
Japan is also struggling with inflation
Japanese inflation is also on the rise. But not yet compared to the Western world. New figures this week.
the light blue line is core inflation excluding food and energy pic.twitter.com/IzRcsjOBLH— Corné van Zeijl (@stock analyst) December 19, 2022
Good day.
Martin Crum is a senior investment analyst at IEX.nl. The information in this column is not intended to be professional investment advice or a recommendation for making any particular investment. Crum may take positions in financial markets.
