The AEX indication is -0.2% after a reasonable tour of Wall Street, but a red Asia now.
Today we do it with figures from OCI, Kendrion, NXP (last night) and Uber, among others. Last night the Australian central bank (as expected) raised the interest rate again by a quarter to 4.3%, there are again bad (import and export) figures from China and that’s about it for now.
European futures open -0.2% to -0.4% The American futures are -0.2% In Asia everything turns red except for Shanghai and Taiwan with Japan (-1.3%), Hong Kong (-1.5%) and Korea (-2.3%) as the biggest outliers
Alibaba -1.7%
Tencent -1,4%
TSMC +0,9%
Samsung 0.0% Volatility (CBOE VIX index) is -0.1% at 14.9 and the BofA MOVE index (bonds) is +2.5% at 121.7 The dollar rises 0.2% to 1.0697 Gold is down 0.5%, oil is down 1.1% and crypto is also down tenths. Bitcoin is now at $34,950.96
Interest rates are trending higher again.
Inflation is a choice, you would almost think. In any case, CBS confirms our provisional inflation figure from last week.
Inflation was -0.4 percent in October. Excluding energy, inflation was 5.1 percent. pic.twitter.com/BjvTWhvCqh
— CBS (@statistiekcbs) November 7, 2023
Just rolling along, not yet viewed, fortunately ABM financial News has, but KPN looks like it’s having a solid investor day.
Bottom of the cycle? Hopefully, because hypercyclical OCI delivers Q3 figures that are a shadow of what it performed last year. As if they are from another company…
Kendrion is also cyclical and also reports a decline in turnover and profit of tens of percent in its Q3 figures. the company does not yet foresee a recovery.
NXP Semiconductors had after-hours Nasdaq Q3 figures yesterday (the price rose +0.1%) that were approximately above average. It is simply a malaise according to the chipper, the outlook is up to the thin customer and they do not yet dare to speak of bottoms and recovery, unlike our chippers listed in Amsterdam.
News, advice, shorts and agenda
The most important ABM Financial news since the Amsterdam close yesterday.
08:18 Production in German industry has shrunk significantly 08:13 AEX probably starts lower 08:11 KPN continues to invest in digitalization of the Netherlands 07:53 Lower turnover and profit for Kendrion 07:40 Halving of turnover for OCI 07:27 Stock market view: Jefferies lowers PostNL price target 07 :16 Australia increases interest rates by 25 basis points 07:07 Correction: Asian stock markets in the red 07:04 European stock markets are expected to open in the red 06:50 Price drop in the Netherlands confirmed 06:47 Chinese exports fall much more sharply than expected 06:40 Stock market agenda: macroeconomic 06:39 Stock market agenda: Dutch companies 06:39 Stock market agenda: foreign funds 06 Nov Cautious outlook NXP 06 Nov Wall Street closes slightly higher 06 Nov Stock market update: AEX on Wall Street 06 Nov Onward publishes in the journal Nature Medicine 06 Nov Oil price rises slightly 06 Nov Wall Street remains close to home 06 Nov European stock markets start the new week cautiously
The AFM reports this shorts:
Tomorrow is Adyen’s strategy update. What exactly would these positions look like, because it is a gamble to get those with a complete one exposure to wait.
Bloomberg has a huge one longread about Adyen…
Investors are demanding a clear blueprint for how Dutch payments fintech can get its mojo back
— Bloomberg Markets (@markets) November 7, 2023
…but has no new insights. Well this picture:
From the agenda:
00:00 KPN – Investors Day
07:00 OCI – Third quarter figures
07:30 Kendrion – Third quarter figures
07:00 Deutsche Post – Third quarter figures (Germany)
07:00 UBS – Third quarter figures (Zwi)
13:00 BioNTech – Third quarter figures (Dld)
1:00 PM Uber – Third quarter figures (US)
04:00 trade balance – October (Chi)
06:30 Inflation – October (NL)
06:30 Reserve Bank of Australia – Interest rate decision (Aus)
08:00 Industrial production – September (Germany)
11:00 Producer prices – September (eur)
14:30 Trade balance – September (US)
9:00 PM Consumer Credit – September (US)
Does anyone still buy Made in China and Made in Germany?
And then this
The retrospective:
Dow Jones +0,1%
S&P 500 +0,2%
Nasdaq Composite +0,3%
Nasdaq 100 +0,4%
Russell 2000 -1,3%
SOX -0,3%
Nasdaq China Golden Dragon Index -0,1%
US stocks closed slightly higher as investors awaited guidance from a host of Federal Reserve policymakers later in the week on the central bank’s policy path, with a large amount of bond supply also due to hit the market pic.twitter.com/ZoqIVB0K4D
— Reuters Business (@ReutersBiz) November 7, 2023
A quarter Down Under:
RBA Raises Key Rate to 4.35% as Seen by 29 of 32 Economists
— Bloomberg Markets (@markets) November 7, 2023
You just saw the numbers, China is turning square:
China’s export slump unexpectedly deepened in October, underscoring the fragility of an economic recovery that has been trying to stabilize
— Bloomberg Markets (@markets) November 7, 2023
Just like the EU. Also from yesterday, you can also hear it from someone else:
The downturn in euro zone business activity accelerated in October as demand in the services industry fell further, a survey showed, pointing to a growing chance of a recession in the 20-country bloc
Read more: pic.twitter.com/IDqLNaBUYE— Reuters Business (@ReutersBiz) November 7, 2023
Converted $785 million loss:
UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up
— CNBC (@CNBC) November 7, 2023
Ka-ching!
BREAKING: Aramco maintains its dividend payout to the Saudi government and investors at $29.4 billion, in a boon for the kingdom’s finances pic.twitter.com/PvwZQ6Z8vN
— Bloomberg Middle East (@middleeast) November 7, 2023
End of a short, but powerful and tumultuous era:
WeWork, once valued at $47 billion, files for bankruptcy
— CNBC (@CNBC) November 7, 2023
The accompanying horror graph:
Have fun and good luck today.
2023-11-07 07:31:24
#Red #stock #market #interest #rates #showing #drip #figures #IEX.nl
