The AEX indication is +0.2% and no time to lose, there is a lot (exciting news).
European futures open between +0.2% and +0.4% The US are at comparable scores In Asia, China and South Korea are (considerably) lower, Japan, Hong Kong and Taiwan are (considerably) higher Alibaba +0, 4% Tencent +0.2% TSMC +2.0% (not sure why, no news today) Samsung +0.4% Volatility (CBOE VIX Index) is -0.9% at 17.0 and the BofA MOVE Index (bonds) is -3.1% at 126.7 The currently quite volatile and, on balance, improving dollar is now falling again by 0.2% to 1.0863 Gold is up +0.3%, oil is up 0.2% and crypto is now up about 2%. Bitcoin is now at $26,020.18 and look at the picture. Something with Binance’s BNB sometimes?
One or two basis points means absolutely nothing in the fixed income market right now. Things will probably continue until – again – Fed’s Jerome Powell and ECB’s Christine Lagarde speak in Jackson Hole on Friday.
Last week there was a turnover warning and today is the word challenging in the headline of the H1’s press release: Alfen does not have good numbers, but has it been priced in? Quote from our analyst Niels Koerts:
If we look at Alfen’s figures, we understand why the company issued a turnover warning last week. Partly due to the sharp drop in sales at the charging station division, revenues and margins were considerably lower than expected.
Kendrion even moves deteriorating in the headline of her H1 press release and then you know it with this cyclical. Not good numbers – is it a warning or not? – and the company is going to restructure.
A bit clumsy screen dump, but according to DNB these were in June the most popular stocks among Dutch private investors. Immediately out of two you will see a hybrid product, but nevermind.
All of Big Tech is also included, but not… Nvidia! Just let that come with Q2 figures at 10:00 PM. Yesterday the fund put on opening another one all-time high down, but see the lock. That’s how volatile the fund is.
The market expects $2.09 earnings per share and $11.22 billion in revenue and… the last few days have seen some upward revisions from the analysts. Did the company send them a bit? We’ll never find out. The story is clear. Very briefly: AI costs companies (Big Tech) = turnover Nvidia.
You can see how this year and price and turnover and profit expectations and valuation have exploded. How many upside is there still in the price (and valuation) with (a) windfall(s) and how much downside is there if anything is disappointing? Because Nvidia is priced for perfecton – on steroids.
Psst, a (surprisingly?) share that is in the DNB list and now shows an exciting picture, is Pharming. See the volume also yesterday. If the course goes through this time and then you will understand.
We’re not there yet. Something with Randstad:
More than 70 million euros in tax claims against Randstad | AXA Bank and Argenta offer the same interest as government bonds | Microsoft sells cloud gaming: Finally progress in Activision takeover? pic.twitter.com/SLiQUukMu3
— The Time (@time) August 23, 2023
Finally, there is another exciting item today, the first estimates of the purchasing managers’ indices (PMIs) for August. They are the best, but as always in the stock market and the economy, they are not perfect forecasters.
News, advice, shorts and agenda
The most important ABM Financial news since the Amsterdam closing yesterday.
08:03 Positive start for AEX expected 07:53 Kendrion cautious about second half of the year 07:29 ‘Randstad avoids tax obligations in Belgium’ 07:26 Alfen turnover up, profitability under pressure 07:09 Vopak starts construction of fourth LNG tank in Rotterdam 07:01 European stock markets are expected to open higher 06:54 Japanese economy gains some momentum 06:52 The Netherlands invests more in June 06:49 Dutch consumer confidence remains negative 06:45 Stock market agenda: macroeconomic 06:44 Stock market agenda: Dutch companies 06 :44 Stock market calendar: foreign funds Aug 22 Stock market update: AEX on Wall Street Aug 22 Wall Street closes lower Aug 22 Oil price falls Aug 22 Wall Street divided Aug 22 European stock markets close higher Aug 22 Listless investor depresses result Flatex Degiro Aug 22 More profit for Nepi Rockcastle
The AFM reports this shorts:
From agenda:
07:00 Alfen – Figures second quarter
07:30 Kendrion – Figures second quarter
00:00 Prosus – Annual meeting
1:00 PM Kohl’s – US Second Quarter Figures
13:00 Peloton – US Fourth Quarter Figures
22:00 Nvidia – Second quarter figures (US)
01:30 Composite Purchasing Managers Index – August (Jap)
06:30 Consumer Confidence – August (NL)
06:30 Investments – June (NL)
09:15 Composite Purchasing Managers Index – August (Fra)
09:30 Composite Purchasing Managers Index – August (Ger)
10:00 Composite Purchasing Managers Index – August (eur)
10:30 Composite Purchasing Managers Index – August (UK)
1:00 PM Mortgage Applications – Weekly (US)
15:45 Composite Purchasing Managers Index – August (US)
4:00 PM New home sales – July (US)
16:00 Consumer confidence – August vlpg (eur)
4:30 PM Oil Stocks – Weekly (US)
And then this
The review:
Dow Jones -0,5%
S&P 500 -0,2%
Nasdaq Composite +0,1%
Nasdaq 100 -0,2%
Russell 2000 -0,3%
SOX -0,9%
Nasdaq China Golden Dragon Index -0,04%
The networks always know exactly, without asking anything, how we think and what we think, don’t they?
WATCH: US stocks closed mostly lower as investors anxiously awaited more hints on the outlook for interest rates from Federal Reserve officials later this week pic.twitter.com/LpLZutA1Sd
— Reuters Business (@ReutersBiz) August 23, 2023
Will the White House like me?
NEW: A chip trade group is warning that Huawei is building a secret network of semiconductor plants in a bid to skirt US sanctions
— Bloomberg Markets (@markets) August 23, 2023
Will the White House Like II? Saudi Arabia would also consider:
FT Exclusive: The development bank set up by the Brics nations — Brazil, Russia, India, China and South Africa — is encouraging the use of alternatives to the dollar in trade and financial transactions, expanding lending in local currency pic.twitter.com/6hhGIXPeBb
— Financial Times (@FinancialTimes) August 22, 2023
Another IPO and here’s everything you need to know about ARM’s. Social media may be here to stay, but how fleeting are the names?
From @Breakingviews: TikTok rival Triller has filed to go public in a direct listing. The video app has support from celebrities like Snoop Dogg and Charli D’Amelio, but questions about its growth could make it a lightweight, @AnitaRamaswamy explains pic.twitter.com/CgrDUzCCpe
— Reuters Business (@ReutersBiz) August 23, 2023
Meanwhile at Elon’s X:
Elon Musk plans to remove headlines and text from links to news articles on his X, formerly known as Twitter. With the change, users would only be able to see the article’s lead image on their timelines. More here: pic.twitter.com/RSaU4qmHuz
— Reuters Business (@ReutersBiz) August 23, 2023
The Hang Seng is trading less than nine times expected gains:
Shares of Chinese firms listed in Hong Kong are trading at a growing discount to their mainland peers, according to the AH Premium Index
— Bloomberg Markets (@markets) August 23, 2023
You can read 8% dividend on VW with us, but isn’t that a bit too much?
From @Breakingviews: Volkswagen is investing in Xpeng and doubling down on cooperation with state-backed SAIC. As peers navigate tough competition in the Chinese market, VW’s plan to reboot its EVs presents a timely but tricky roadmap, says @KatrinaHamlin
— Reuters Business (@ReutersBiz) August 23, 2023
So the Jacobi FT Wilshire Bitcoin ETF (BCOIN) and it is listed here in Amsterdam. Well, if 4409 contracts traded in a few days, that is peanuts.
Europe finally has a Bitcoin ETF. Did it really need one, @Tanzeel_Akhtar asks in the Bloomberg Crypto newsletter
— Bloomberg Markets (@markets) August 22, 2023
Hoest, kuch?
BNB, the crypto at the heart of the Binance exchange ecosystem, is approaching its lowest price level in more than a year
— Bloomberg Markets (@markets) August 22, 2023
Have fun and good luck today.
2023-08-23 06:27:23
#lot #fair #continue #late #night #IEX.nl
