The AEX indication is -0.2%, after a very boring day with a closed Wall Street.
We’re doing it today with purchasing managers’ indices February, there’s a handful of numbers including HSBC in the UK and Walmart in the US, in Hong Kong technology is taking a beating (?) and geopolitics can be left alone today, it’s not to be cheerful of becoming.
- European futures also open around -0.2%
- That is currently also the score for the American
- In Asia, everything stays close to home except for Hong Kong: Hang Seng -1.3% and the Hang Seng Tech Index even -2.9%. So more
- The volatility (CBOE VIX Index) is +5.6% at 21.3
- The dollar is up 0.2% to 1.0668
- Gold drops -0.2%, oil drops more than 1%, crypto is higher and bitcoin battles for $25,000
Interest rates tend higher at morning coffee:
Hong Kong has the Hang Seng Tech Index… You see.
Well why? I don’t see anything on the networks that fast. Um, maybe this?
Chinese President Xi Jinping’s anti-graft drive takes another turn, writes @shuli_ren https://t.co/TyFVLXJ09n via @opinion
— Bloomberg Markets (@markets) February 21, 2023
Perhaps the most exciting mover right now is bitcoin, leapfrogging $25,000. The stuff trades technically, or if you prefer in sliders. If $25,000 goes off the board, maybe it can go all the way to $30,000? Consult your favorite or local technical analyst, or carnival fortune teller.
Or are they called today influencers? Nevermind.
The trick today is in leading economic indicators for this month, or will the cautious and in any case momentum of this winter continue? After a better-than-expecting New York and a disappointing Philadelphia Fed Index last week, we have made do with the first estimates of the purchasing managers’ indices (PMIs).
Australia and Japan are already through with mixed bags and be sure to keep an eye out for Germany and the US this afternoon. China once also had leading PMIs, but promptly skipped them after disappointing data in August 2014. out of the blue a one-day mini-crash on the stock markets ensued. The AEX then went almost -10% intraday.
In Germany, the ZEW confidence index is also coming through and not much is expected of it, according to the consensus.
The Little VOC, or soft commodity trader Amsterdam Commodities (Acomo, with head office in Rotterdam), is the only one on Damrak to have figures today. What a capital in the buzzing press release. At a closing price of €20.50 yesterday, the dividend yield is 6.1%.
Another press release falls on the doormat of Beursplein 5 today. Pharming reports that in the US, Europe and Japan, the company is evaluating the safety, tolerability and efficacy of leniolisib in approximately 15 children aged 4 to 11 years with a confirmed diagnosis of APDS. Let me know if there is price impact.
On March 29 — could also be earlier or later — and in H2, US FDA and European EMA will discuss how they will review Pharming’s application for leniolisib.
News, advice, shorts and agenda
The most important ABM Financial news since the Amsterdam closing yesterday.
- 08:08 Slightly lower opening AEX expected
- 08:08 Update: Pharming meldt start behandeling met leniolisib
- 08:04 Morgan Stanley cuts NN (Overweight) price target by 6%
- 07:49 Acomo announces record dividend
- 07:33 Better than expected sales growth for Worldline
- 06:59 Japanese economy maintains growth
- 06:56 European stock markets are expected to open in the red
- 06:49 Stock market agenda: foreign funds
- 06:49 Stock market agenda: macroeconomic
- 06:48 Exhibition agenda: Dutch companies
- 20 Feb Oil price up percent
- 20 Feb European stock markets closed almost flat
The AFM reports this shorts:
From agenda:
07:00 Acomo – Figures fourth quarter
07:00 Worldline – Fourth Quarter Figures (Fra)
1:00 PM Home Depot – US Fourth Quarter Figures
1:00 PM Walmart – US Fourth Quarter Figures
22:00 eBay – Fourth Quarter (US) Figures
15:45 Composite Purchasing Managers Index – February (US)
4:00 PM Existing Home Sales – January (US)
And then this
The largest European bank:
HSBC reported a better-than-expected 92% surge in quarterly profit as rising interest rates swelled its net interest income, encouraging Europe’s largest bank to reiterate it could meet a key performance target for this year. More here: https://t.co/kekNGwDl27
— Reuters Business (@ReutersBiz) February 21, 2023
One of, if not the largest miner:
BHP eyes demand green shoots in China as profit slumps https://t.co/XrOizedYHM pic.twitter.com/fmh6Wa0m4C
— Reuters Business (@ReutersBiz) February 21, 2023
Meta’s first paid service:
WATCH: Meta has announced it is launching a subscription service, which will come with added protection against impersonators. Its blue-badge verified service follows similar steps by Twitter https://t.co/9ewVEUk0t6 pic.twitter.com/T45ZEUg4sF
— Reuters Business (@ReutersBiz) February 21, 2023
China thinks and calculates beyond the daily trending topics on social media:
Europe made it through winter without an energy crisis thanks in part to China, where anti-Covid policies constrained LNG demand, freeing up supply for Europe. That assistance could turn into influence as China rushes to secure LNG for the coming years. https://t.co/qaKOZmHLFb
— Bloomberg Markets (@markets) February 21, 2023
“We urge certain countries to immediately stop fueling the fire, stop shifting blame to China and stop touting ‘Ukraine today, Taiwan tomorrow.””
China urged the world to stop drawing parallels between Ukraine and Taiwan https://t.co/nMKJvAyBM9
— Bloomberg Markets (@markets) February 21, 2023
Have fun and good luck today.
