The AEX indication is +0.4% after a changing Wall Street and a quiet financial and economic weekend, so to speak.
The middle of earnings season – not today, but we can have fun again this week with lots of Q3 figures, including those from Apple and Shell. The Fed makes a run decision and there are European inflation figures, global purchasing managers’ indices and US employment figures. Bloomberg reports not:
The overview, there seems to be some relief in the market:
European futures open flat to +0.8% The American futures are +0.4% (Dow Jones) to +0.7% (Nasdaq 100) In Asia there are narrow pluses and minuses, with the Nikkei 225 at -1.0 % as the biggest outlier:
Alibaba -1.4%
Tencent +0,3%
TSMC -0,2%
Samsung 0.0% Volatility (CBOE VIX index) is +2.9% at 21.3 and the BofA MOVE index (bonds) is -1.4% at 129.2 The dollar is flat at 1.0565 Gold has to drop 0.5%, oil drops 1.1% (WTI) to 1.4% (Brent) and crypto rises tenths to more than one percent. Bitcoin is now at $34,332.27
Interest rates are falling sharply before this time, which indeed indicates some relaxation
There are no figures today on the Damrak, but this week you can expect Shell, ING, Wolters Kluwer and DSM-Firmenich, among others. In the US, Apple, AMD, Qualcomm and Pfizer are the big names. The AEX (orange) therefore has a day to think about its own dip. Here versus our interest rate.
The AMX versus our interest rate makes the theoretical correlation of shares and interest much clearer:
The turnover and profit expectations of the AEX continue to increase with difficulty and in fits and starts. Perhaps this will continue until the economy picks up again and interest rates are back in line. The index makes 13.1 times the expected profit and you can say whether that is expensive or cheap with our ten-year interest rate of 3.2%.
View the dip technically, because the S&P 500 is also 10% below the top:
The rout in US stocks has brought the S&P 500 to a crucial inflection point. It’s teetering near a correction after breaching 4,200 for the first time since May — a key technical level that may point to a longer-term selloff
— Bloomberg Markets (@markets) October 30, 2023
The question now is whether the shares that are still doing well this year will go along with the malaise, or whether the losers will catch up. Pictures are from yesterday’s preview; It is the chippers and value shares that perform, growth, cyclical and financials perform significantly less. good Both here…
…if there:
Fortunately, there is always hope in the stock market, or statistics that suit us.
The S&P 500 Index hasn’t scaled a record high so far this year. If history is any signal, that would mean a sharp rally is due in 2024
— Bloomberg Markets (@markets) October 29, 2023
There is also real news on the Damrak: TomTom is buying back its own shares for €50 million. That is 7% of the current market cap. TomTom does this at a special and not entirely coincidental moment, take a look. The future will show whether this is bottom fishing in its own share.
News, advice, shorts and agenda
The most important ABM Financial news since the Amsterdam close yesterday.
08:12 Group of shareholders expresses support for Vastned 08:08 AEX probably starts trading week in the green 07:47 TomTom starts share buyback 07:32 European stock exchanges are expected to open without major results 07:19 Confidence in Dutch producers slightly less negative – CBS 07: 04 Decline in output prices of Dutch industry continues 06:53 Stock market agenda: macroeconomic 06:52 Stock market agenda: foreign funds 06:51 Stock market agenda: Dutch companies October 29 Microtest honors takeover bid for RoodMicrotec October 29 Fatal accident at ArcelorMittal mine in Kazakhstan October 29 Acomo sees CEO leaving October 29 Correction: AEX is holding up reasonably well October 29 Figures season continues 08:12 Group of shareholders expresses support for Vastned 08:08 AEX probably starts trading week in the green 07:47 TomTom starts share buyback 07:32 European stock exchanges are expected to open without major results 07:19 Confidence in Dutch producers slightly less negative – CBS 07:04 Decline in sales prices of Dutch industry continues 06:53 Stock market agenda: macroeconomic 06:52 Stock market agenda: foreign funds 06:51 Stock market agenda: Dutch companies Oct 29 Microtest makes takeover offer on RoodMicrotec held Oct 29 Fatal accident at ArcelorMittal mine in Kazakhstan Oct 29 Acomo sees CEO leave Oct 29 Correction: AEX holds up reasonably well Oct 29 Financial season continues
The AFM reports this shorts:
Shorting the volatile Besi, you just have to dare. Or one here and there hedge installation:
The agenda doesn’t mean much today, even though it is the middle of the earnings season. The rest of the week is somewhat busier.
12:00 McDonald’s – Third quarter figures (US)
06:30 Producer prices – September (NL)
06:30 Producer confidence – October (NL)
11:00 Consumer confidence and economic sentiment – October final. (EUR)
14:00 Inflation – October vlpg (Dld)
There are more preliminary EU inflation figures today, but the German ones are the most important. CBS has recently also reported ours on the last day of the month, but somehow it does not make it to this agenda.
And then this
The retrospective:
Dow Jones -1,1%
S&P 500 -0,5%
Nasdaq Composite +0,4%
Nasdaq 100 +0,5%
Russell 2000 -1,2%
SOX +1,2%
Nasdaq China Golden Dragon Index
WATCH: US stocks closed mostly lower on Friday as investors watch out for the Federal Reserve’s policy meeting next week pic.twitter.com/6CmcPksozG
— Reuters Business (@ReutersBiz) October 28, 2023
Check:
The selling prices of the Dutch #industry were on average 3.0 percent lower in September than in September 2022. A month earlier, the price drop was 5.0 percent. Read more at: pic.twitter.com/Xn3v4t0wrE
— CBS (@statistiekcbs) October 30, 2023
The week in short, here is our long preview:
WATCH: With a slump in shares of US tech giants Alphabet and Tesla, Apple gears up to report earnings — watch out for more stories on business and finance pic.twitter.com/Zg2yjUm1we
— Reuters Business (@ReutersBiz) October 28, 2023
Liquidation, or net?
China Evergrande Group’s fate will be tested on Monday as Hong Kong’s High Court hears a winding-up petition against the embattled property developer, nearly two years after it defaulted on its debts. More here:
— Reuters Business (@ReutersBiz) October 30, 2023
You decide for yourself to what extent China remains investment grade is:
President Xi Jinping, China’s most powerful leader since Mao Zedong, is set to further tighten his control of the country’s $61 trillion financial industry as he gathers state leaders and top bankers to set the direction over the next five years
— Bloomberg Markets (@markets) October 30, 2023
How many?! It’s an employee market:
UAW leaders approved a tentative deal with Ford that includes a pay hike of at least 30% for full-time workers and could more than double pay for others, in a victory for the union’s fight to roll back 15 years of concessions. More here: pic.twitter.com/bxJFglK0xN
— Reuters Business (@ReutersBiz) October 30, 2023
Tesla is one, but what about the other car brands?
BYD is rapidly closing in on Tesla as the world’s biggest seller of pure electric vehicles, with surging profits underscoring its sales clout despite intensifying competition at home
— Bloomberg Markets (@markets) October 30, 2023
Have fun and good luck today.
2023-10-30 07:44:10
#sense #relief #ahead #stock #market #long #busy #week #IEX.nl
