The AEX indication is +0.5% and that is in line with the rest. No Adyen effect at first glance, but that fund also weighs less every day…
Nvidia stole the show on the Big Board yesterday with +8.5% (so more), BHP’s numbers say something about China (so more and it’s not just negative), our house prices are rising or falling (you can choose) and oh and woe, the interest rates. Now flat, but all AAAs are at or just below all-time highs.
Almost all European futures open with half a cent higher The US are now literally +0.01% In Asia everything and everyone is just rising, except China. The Hang Seng in all shapes and sizes just -0.1% Alibaba -0.2% Tencent -0.9% TSMC +0.7^% Samsung -0.2% Volatility (CBOE VIX Index) does – 1.0% at 17.1 and the BofA MOVE Index (bonds) is +8.5% at 130.7 The dollar is down 0.1% to 1.0911 Gold is up 0.1%, oil is down 0.1% and crypto is down half. Bitcoin is now at $26,020,1300
In any case, interest rates are starting quietly:
It is currently the AEX against our interest rate and Adyen, but the index weight and therefore the impact of the latter is becoming less and less. No hard data at hand, but Adyen still weighs something like 2.5%? Our interest rate flirts with a new high this year and has been so for a generation. On paper, this limits stocks.
At least at the moment the AEX. Thanks to Adyen – against will and thanks of course – the AEX has been one of the worse indices in the last week, but the maximum intraday drop from top to bottom is only -8.2%. Tell us whether that is good or bad considering the economy, profits, interest, dollar and the rest.
Raise your finger for which of you own home – after deducting mortgage debt – is the largest part of your capital. According to Statistics Netherlands, house prices are +0.5% on a monthly basis and -5.5% on an annual basis.
In July 2023, prices of existing owner-occupied homes were on average 5.5 percent lower than in July 2022. The year-on-year decline is the same as that of a month earlier. pic.twitter.com/McvnF1Myse
— CBS (@statistiekcbs) August 22, 2023
If you’re not used to this column, read along, especially if you’re an ArcelorMittal fan, with the match report on the Q2s of Australian mining giant BHP (-1.4% in Sidney). That cuts the dividend and see what the company says about China.
So Nvidia went all out again yesterday… well, who comes up with a nice term? Tomorrow night at 10 p.m. Q2 numbers.
Because this and tech entrepreneurs are screaming here and on the networks that without Nvidia stuff you don’t have to start anything at all.
Nvidia shares climbed as much as 5.4% on Monday, as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week
— Bloomberg (@business) August 21, 2023
Here’s yesterday’s SOX semiconductor index, look who’s friends with Nvidia:
The analyst consensus then and it’s not that far to that $500. Support at zero is very far away, but fortunately that is not the case 🙂
Then the living room question: keep or give away? So Adyen.
News, advice, shorts and agenda
The most important ABM Financial news since the Amsterdam closing yesterday.
08:03 AEX awaits green opening 08:03 AEX awaits green opening 07:57 Slightly more turnover for Cabka 07:37 Chinese car manufacturer Geely sells considerably more 06:59 European stock markets are expected to open higher 06:53 Dutch house prices continue to fall 06:46 Stock market calendar: macroeconomic 06:45 Stock market calendar: Dutch companies 06:45 Stock market calendar: foreign funds 21 Aug Zoom records higher profit and turnover 21 Aug Stock market update: AEX on Wall Street 21 Aug Wall Street closed higher Aug 21 Oil price closed lower Aug 21 Wall Street heading for a higher close 21 Aug European stock markets mostly closed higher
The AFM reports this shorts and we make a nice couple together:
From agenda:
00:00 Cabka – Half year figures
13:00 Baidu – Second quarter figures (US)
1:00 PM DuPont – US Second Quarter Results
1:00 PM Lowe’s – US Second Quarter Figures
1:00 PM Macy’s – US Second Quarter Figures
00:00 Prices existing owner-occupied homes – July (NL)
4:00 PM Existing Home Sales – July (US)
And then this
Look back and you’ll see how Nvidia created a nice split between blue chips and tech
Dow Jones -0,1%
S&P 500 +0,7%
Nasdaq Composite +1,6%
Nasdaq 100 +1,7%
Russell 2000 -0,2%
SOX +2,8%
Nasdaq China Golden Dragon Index +0,8%
US stocks mostly gained with shares of Nvidia helping to boost other technology-related stocks pic.twitter.com/A1PN2kW59P
— Reuters Business (@ReutersBiz) August 22, 2023
At Moody’s:
S&P downgrades multiple US banks citing ‘tough’ operating conditions pic.twitter.com/DKUKxYz2RV
— Reuters Business (@ReutersBiz) August 22, 2023
No details yet, the road show begins:
Arm filed for an IPO on the Nasdaq, taking a step toward what’s set to become the biggest US initial offering of the year
— Bloomberg Economics (@economics) August 22, 2023
Meta, we have that too.
Meta is set to roll out the web version on its new text-first social media platform Threads. The move would intensify the rivalry between Meta CEO Mark Zuckerberg and X owner Elon Musk as the two vie for users and advertisers. More here: pic.twitter.com/9Mnbfi2XTh
— Reuters Business (@ReutersBiz) August 22, 2023
Perhaps the VOC can still make a doorsart?
A Cargill chartered dry bulk ship has launched on its first voyage since being fitted with special sails, aiming to study how harnessing wind power can cut emissions and energy usage in the shipping sector. More here: pic.twitter.com/oVMb21SVKS
— Reuters Business (@ReutersBiz) August 22, 2023
Social media, to what extent are brands here to stay or fleeting? For example, who still talks about Facebook? Do you also remember Hyves? Sat all over the Netherlands. Until the whole of the Netherlands was no longer on it.
Breakingviews – TikTok challenger backpedals into public arena
— Reuters Business (@ReutersBiz) August 21, 2023
Bloomberg has a huge story about AI opportunities and threats:
?? 1. Computer-generated children’s voices so realistic they fool parents. Masks created with photos from social media that can hack a system protected by face ID.
It sounds like the stuff of science fiction, but it’s not ??
— Bloomberg (@business) August 22, 2023
Have fun and good luck today.
2023-08-22 06:24:55
#Rub #eyes #fair #IEX.nl
