This is a bit disappointing after that nice rally on Wall Street on Friday.
The AEX indication is -0.2% after a weekend without too much stock market and financial news. This week there are a lot of numbers again, but the earnings season is really coming to an end and the macro agenda is pretty empty.
- European futures all open around 0.2% lower
- The US is now doing around -0.1%
- In Asia everything and everyone rises a few tenths, only the Nikkei 225 falls slightly
Alibaba +0.2%
Tencent -1,2%
TSMC +0,6%
- The volatility (CBOE VIX Index) is -14.4% (!) at 17.9 and the BofA MOVE Index (bonds) is -7.5% at 130.2
- The dollar is down 0.2% to 1.1040
- Gold is up 0.2%, oil is up 0.7% and crypto is down 4-5% as Binance stunt is? Malfunctions there
Interest rates are back early today:
PostNL’s Q1 figures are better than expected, there is even a profit. Compared to a year earlier, the figures are significantly less, but we already knew that. The company maintains its outlook for 2023: an EBIT result of €70 to €100 million, a free cash flow of €40 to €70 million and a normalized total result of €10 to €40 million.
This was €84 million, €40 million and €90 million in 2022.
No Dutch stock market news this weekend, but there is enough to worry about. In the meantime, we continue to monitor US banks, below you can see PacWest. That went into the rebound on Friday, but it does scrap 95% of the dividend. Tell me if that’s a sign of confidence…
We also have issues such as whether or not there will be a recession, the US debt ceiling thing is not over yet, earnings – Warren Buffett also predicts a fall this year – and the usual geopolitical shizzle. Anyone who waits for all the problems to be solved will never find a moment to invest. Or it must be in a recession?
See our preview of yesterday, among other things, because this time it is slightly different again. We haven’t seen any serious price drops yet. That and value and technology are good together and cyclicals and financials are not, you will not find in the books.
More left at the bottom of this piece, but Saturday was Berkshire Hathaway’s famous annual shareholders’ meeting. And then we always have quotes on Mondays.
Warren Buffett was what he thinks of AI in an NBC interview – CNBC
Buffett said he told Bill Gates to bring it back when I can ask it “How are you going to get rid of the human race?” pic.twitter.com/ZIGnycsc4P
— StockMKTNewz – Evan (@StockMKTNewz) May 6, 2023
As mentioned, Buffett foresees a profit drop this year. The market has been doing that for ages, not (yet) really, or has it already been?
By the way, we do it this week with figures from Ahold Delhaize, ABN Amro, ING, and Pharming. All about that in our outlook as well and this week also pay attention to US inflation, the number of the week.
News, advice, shorts and agenda
The most important ABM Financial news since the Amsterdam closing yesterday.
- 08:04 German industry shows decline
- 07:55 Veon gets warning from Nasdaq
- 07:53 AEX probably starts trading week slightly in the green
- 07:34 DGB receives payment for CO2 credits
- 07:22 European stock markets open without major results
- 07:16 Drop at PostNL is not too bad
- 07:00 Stock market agenda: foreign funds
- 07:00 Stock market agenda: macroeconomic
- 06:59 Exhibition agenda: Dutch companies
- May 07 Berkshire Hathaway is running well
- 07 May Stock market week dominated by inflation figures and company results
- 07 May Beursblik: OCI expects a difficult quarter
- 08:04 German industry shows decline
- 07:55 Veon gets warning from Nasdaq
- 07:53 AEX probably starts trading week slightly in the green
- 07:34 DGB receives payment for CO2 credits
- 07:22 European stock markets open without major results
- 07:16 Drop at PostNL is not too bad
- 07:00 Stock market agenda: foreign funds
- 07:00 Stock market agenda: macroeconomic
- 06:59 Exhibition agenda: Dutch companies
- May 07 Berkshire Hathaway is running well
- 07 May Stock market week dominated by inflation figures and company results
- 07 May Beursblik: OCI expects a difficult quarter
The AFM reports this shorts:
From agenda:
07:00 PostNL – Figures first quarter
09:00 AMG – €0,40 ex-dividend
00:00 Fagron – Annual meeting
13:00 BioNTech – First quarter figures (US)
1:00 PM Tyson Foods – US Second Quarter Results
01:30 Purchasing managers index services – April def. (jap)
08:00 Industrial production – March (Germany)
09:00 London stock exchange closed (UK)
4:00 PM Wholesale Stocks – March (US)
And then this
Finally another nice day:
Short covering, helping #Wallst higher but the market continues to lack breadth. And debt ceiling jitters still prevalent after another warning from Treasury Secretary Janet Yellen. $SPX $MSFT $AAPL $TSLA $GOOG $AMZN $PACW $CR, $BRKB $AMD @willkoulouris pic.twitter.com/6oQtQ2Rf2g
— CNBC’s Street Signs (@StreetSignsCNBC) May 8, 2023
Just so you know:
ISS advises Shell shareholders to vote against climate activist resolution pic.twitter.com/Tx35FNZ6bl
— Reuters Business (@ReutersBiz) May 7, 2023
Go ahead:
Binance, the largest crypto exchange, temporarily pauses withdrawals of Bitcoin for the second time in less than 12 hours, citing congestion on the token’s network
— Bloomberg Markets (@markets) May 8, 2023
Price war?
China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla and BYD. More here: pic.twitter.com/pbPTx5xW1l
— Reuters Business (@ReutersBiz) May 8, 2023
Just hope and pray:
Bank buyers expect sweeteners as US government sets new bar pic.twitter.com/B57pKpm7B3
— Reuters Business (@ReutersBiz) May 7, 2023
For those who missed it:
WATCH: We’re live at the 2023 Berkshire Hathaway annual meeting with Warren Buffett and Charlie Munger.
— CNBC (@CNBC) May 6, 2023
Hereby:
Berkshire shareholders reject climate, diversity proposals pic.twitter.com/yS9BBWmfCf
— Reuters Business (@ReutersBiz) May 7, 2023
The dollar question:
Watch this 13-year-old ask Warren Buffett and Charlie Munger about the future of the U.S. dollar. pic.twitter.com/BzTdQG5uoP
— CNBC (@CNBC) May 6, 2023
Have fun and good luck today.
2023-05-08 06:22:38
#inspiration #fair #PostNL #bad #IEX.nl
