The AEX indication is +0.2% after records on the Big Board for Dow Jones and SOX and a rally in the Russell 2000 small cap index.
There is virtually no company news now, but today we are making do with a mountain of macro data – after today the stock market year 2023 is simply over in terms of input – and it is Quadruple Witching Day! All option series expire and that may cause some movement around 12:00.
- European futures open +0.1% to +0.4%
- The American is +0.2%
- In Asia, most markets are up a few tenths. Hong Kong even rose 2.2% on better-than-expected economic figures, but Shanghai and Shenzhen fell somewhat:
- Alibaba +3.6%
- Tencent +2,0% (Prosus strakjes?)
- TSMC +0,5%
- Samsung +0,3%
- Volatility (CBOE VIX Index) is +2.4% at 12.5 and the BofA MOVE Index (bonds) is – +3.8% at 113.0
- EUR/USD had 1.10 on the board last night, the dollar is rising, or the euro is now down 0.1% to 1.0987
- Gold rises 0.3%, oil also and crypto loses 1.0 to 2.0%. Bitcoin is now at $42,587.74
Interest rates still look a bit groggy after the better pushing and pulling of the central banks and the throwing and throwing of basis points on them:
Oh, inflation swaps have gone up. Yesterday the euro stood at 2.01%, meaning the ECB and the market disagree once again. Because the bank hasn’t even talked about an interest rate cut, while the market says bring it on. Partly because today the purchasing managers’ indices will confirm the bad economy.
Inflation expectations for the dollar are even sprinting to 2.41%. However, the Fed did speak of interest rate cuts on Wednesday.
From the interest rate decisions we go back to the economic data. The first estimates of the purchasing managers’ indices for this month have already been released. Not much is expected of it, especially in Europe: persistent slump. This is partly due to high interest rates, as evidenced by the same central banks.
There is already a lot of Chinese data available today and that gives you a little courage? House prices and industrial production do that, the networks write.
However, we don’t care, because of course we are all covered in chippers and the semiconductor SOX closed yesterday at an all-time high!
Small caps were also like water in water yesterday and let’s say whether our remaining AMX (orange) and the Russell 2000 are nice recovery candidates for 2024. Should interest rates fall and the economy recover?
If you find that too risky, you can simply remain in the AEX. Turnover and profit expectations are rising slightly again, so that despite the increase, the index has not become more expensive.
Also applies to that big whopper in New York:
And then this from Bloomberg, bought in the 2020 in the free money rally. Watches do not pay dividends, just like all those other alternative assets, such as drinks, cars, etc. Never forget that. Nice of course. The undersigned hustles in electric Fender basses. Do you also have such a hobby?
News, advice, shorts and agenda
The most important ABM Financial news since the Amsterdam close yesterday.
- 08:21 Stock market view: Berenberg increases Avantium price target
- 08:06 AEX is likely to continue its advance
- 07:31 Stock market agenda: macroeconomic
- 07:30 Exhibition agenda: Dutch companies
- 07:30 Stock market agenda: foreign funds
- 07:29 Exhibition agenda: Dutch companies
- 07:28 European stock markets open flat
- 07:19 Predominantly green rates in Asia
- 07:14 Chinese retail sales are rising less quickly than expected
- 07:13 Production in Chinese industry is increasing
- 07:11 Japanese economy returns to growth
- December 14 Dow further tightens record on light green Wall Street
- December 14 Stock market update: AEX on Wall Street
- Dec 14 Oil price continues to rise
- Dec 14 Wall Street loses steam
- Dec 14 European stock markets lose some steam after Lagarde’s words
The AFM reports this shorts:
Always again Alfen:
The agenda then and after today the year is almost over. Only the BoJ still has to decide next week whether it will do something about the -0.1% interest rate for the first time in a long time. And oh yes, goodbye RoodMicrotec.
09:00 Last trading day RoodMicrotec
01:30 Composite Purchasing Managers Index – December (Jap)
04:00 Retail Sales – November (Chi)
04:00 Industrial production – November (Chi)
08:45 Inflation – November (Fra)
08:45 Business confidence – December (Fra)
09:15 Composite purchasing managers index – December (Fra)
09:30 Composite purchasing managers index – December (Dld)
10:00 Composite purchasing managers index – December (eur)
10:30 Composite Purchasing Managers Index – December (UK)
11:00 Trade balance – October (eur)
11:00 Labor costs – Third quarter (eur)
14:30 Empire State index – December (VS)
15:15 Industrial Production – November (US)
15:45 Composite Purchasing Managers Index – December (US)
And then this
The retrospective:
- Dow Jones +0,4%
- S&P 500 +0,2%
- Nasdaq Composite +0,2%
- Nasdaq 100 -0.2%
- Russell 2000 +2,7%
- SOX +2,7%
- Nasdaq China Golden Dragon Index -0,5%
Just a quick reminder:
WATCH: ECB leaves rates unchanged, pushes back against bets on cuts in the near future pic.twitter.com/odvqqH4ZsQ
— Reuters Business (@ReutersBiz) December 15, 2023
How many?! Days go by when we don’t have all this loosely tucked away in our back pocket, right?
China’s central bank injects a record $112 billion into the financial system
— Bloomberg Markets (@markets) December 15, 2023
Another one, never underestimate the American consumer:
US retail sales unexpectedly grew in November as lower gasoline prices allowed consumers to spend more to kick off the holiday shopping season to a good start pic.twitter.com/jiMxg0bPBP
— Reuters Business (@ReutersBiz) December 15, 2023
Fingers crossed, China:
China said its housing market is expected to improve after November housing data flashed multiple weak signals for the sector, which is weighing down the broader economy
— Bloomberg Markets (@markets) December 15, 2023
Sweethart tax deals?
Europe’s top court ruled that Amazon doesn’t have to pay over $270 million in back taxes to Luxembourg. The decision, which is final, is a blow to EU antitrust chief Margrethe Vestagher, who has led a crackdown on sweetheart tax deals for multinationals pic.twitter.com/NGV3Q3zUb8
— Reuters Business (@ReutersBiz) December 15, 2023
Hard business in:
WATCH: Energy giant BP has clawed back over $40 million from Bernard Looney. BP dismissed Looney as it concluded that the former CEO had knowingly misled the board over personal relationships with colleagues pic.twitter.com/uWZTkJhBzl
— Reuters Business (@ReutersBiz) December 14, 2023
Have fun and good luck today.
2023-12-15 07:30:27
#nice #fair #nightmare #IEX.nl
