Is it autumn? The AEX indication is -0.5% and the image and graph are certainly not getting any better. More in a moment.
We do it today with a handful of news on the Damrak, including a confusing message about Ahold Delhaize. The item is the American inflation for August. Furthermore, Apple lost as much as 1.7% on its new product presentation and Oracle fell a rare 13.5% on Q2’s, on a lower Wall Street.
European futures all open around -0.5%. The American futures are -0.1%. In Asia, China is performing -0.7% to -1.4% and the other markets are narrowly declining. Taiwan is the only one to squeeze out just +0.1% Alibaba -0.6% Tencent -0.6% TSMC -0.6% Samsung +0.9% The volatility (CBOE VIX Index) is +3.2% on 14 .2 and the BofA MOVE Index (bonds) is -2.0% at 105.1 The dollar rises 0.2% to 1.0749 Gold loses 0.1%, oil rises 0.3% and crypto falls 0. 7%. Bitcoin is now at $25,920.12
It is even risk off before the market opens, because interest rates have already taken a hit.
The AEX currently shows an uninspiring picture. And perhaps you should even pay attention, because it has been clear, especially in the last week defensials in financials versus cyclicals on the Damrak. The intraday low from a month ago is 729.10. We won’t look any further just yet.
See, what a strict division between defensive, financial and cyclical. Heineken is actually the only exception.
Apart from various advice, there is hardly any news on the Damrak, although that actually makes this a strange message. Please open your mind quickly, Ahold Delhaize. By the way, Kroger did +0.6% yesterday, but other news was that it sells several supermarkets.
The market value of Ahold Delhaize is €28.14 billion, or hundreds of millions implies 1 to 3%.
Wake up just before 2:30 PM, because there are monthly American inflation figures again. In the event of a (significant) deviation from consensus, prices can react sharply, you never know. And something about the undersigned says that the current market is certainly not waiting for a setback.
The consensus for the next Fed interest rate decision has been fairly unchanged for a few weeks. In the longer term, just under the next quarter is expected, but opinions still differ on this. Almost fifty-fifty even.
Given the inflation expectations of the same market, it is indeed questionable whether both the Fed and ECB will be ready with increases (tomorrow). Unfortunately, persistent is the keyword here. The central banks are therefore faced with the dilemma of economy or inflation. And their mandate is clear: inflation.
And let’s say whether the sky-high valuation of American shares can handle even more quarters:
News, advice, shorts and agenda
The most important ABM Financial news since the Amsterdam close yesterday.
08:15 British exports up 08:12 Half-year figures on Onward Medical on September 19 08:11 Lower opening of AEX expected 08:08 Decrease in production of British industry 07:27 American opiate crisis could also affect Ahold 07:26 Jefferies increases share price target Inpost 07:11 Bank of America increases price target RELX 07:09 European stock markets are expected to open lower 06:55 Stock market agenda: macroeconomic 06:54 Stock market agenda: foreign funds 06:53 Stock market agenda: Dutch companies Sep 12 Stock market update: AEX on Wall Street Sep 12 Wall Street closes lower Sep 12 Apple lower after unveiling iPhone 15 Sep 12 Oil price continues to rise Sep 12 Wall Street down Sep 12 European stock markets close lower Sep 12 Stock market view: exaggerated AkzoNobel price reaction
The AFM reports this shorts:
From the agenda:
00:00 WDP – Investors Day
08:00 Industrial Production – July (UK)
08:00 Trade balance – July (UK)
10:00 a.m. Monthly report IEA (From)
11:00 Industrial production – July (eur)
1:00 PM Mortgage Applications – Weekly (US)
14:30 Inflation – August (US)
4:30 PM Oil Stocks – Weekly (US)
And then this
The retrospective:
Dow Jones -0,1%
S&P 500 -0,6%
Nasdaq Composite -1,0%
Nasdaq 100 -1,1%
Russell 2000 +0,2%
SOX -0,8%
Nasdaq China Golden Dragon Index -0,01%
Wall Street stocks ended lower as Oracle shares tumbled more than 13% after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week pic.twitter.com/aljf4w48Xr
— Reuters Business (@ReutersBiz) September 13, 2023
At this, the stock closed -1.7%:
Here’s everything Apple just announced at its 2023 event: pic.twitter.com/HC28nbjBAN
— CNBC (@CNBC) September 12, 2023
Thanks to EU guidelines, Apple has a new cash cow:
Apple will charge $29 for a USB-C adapter for your new iPhone
— CNBC (@CNBC) September 12, 2023
Kind of #metoo:
BP CEO Bernard Looney to resign – FT pic.twitter.com/kFWM1cFETt
— Reuters (@Reuters) September 12, 2023
Hm, consumer confidence:
Holiday sales in the United States are estimated to grow at their slowest pace in five years, according to a report, as dwindling household savings and worries over the economy prompt consumers to spend judiciously. More here:
— Reuters Business (@ReutersBiz) September 13, 2023
This is better news:
Amazon said it is investing over $440 million over the next year to boost wages for its contracted delivery employees. With this investment, Amazon expects the contracted delivery workers in the US to earn $20.50 per hour on average or more. More here:
— Reuters Business (@ReutersBiz) September 13, 2023
Morning!
The European Central Bank is at a crossroads, as growth and inflation trend in opposite directions. Presented by @CMEGroup pic.twitter.com/pstCKmLuC5
— Bloomberg Markets (@markets) September 12, 2023
Have fun and good luck today.
2023-09-13 06:34:28
#AEX #red #bit #autumnal #premarket #IEX.nl
