Stock Market Updates: AEX Indication, Interest Rate Decision, and Inflation Figures

The AEX indication is +0.5% and it is already quiet and friendly on the stock exchanges after a nice ride on Wall Street yesterday.

Debutant Birkenstock fell 12.6%, but fortunately there was still one pigeon Fed. The minutes of the last interest rate decision showed that there are open doubts about another quarter interest rate increase. Fastned and Fagron have figures and an alarm at 2:30 PM: American inflation for September, consumer prices.

European futures all open around a half higher. The American ones are 0.3% to 0.4% higher. In Asia everything is (a few tenths) higher, with Japan (+1.7%) and Hong Kong (+2.0%) as outliers. Alibaba +1.4%. Tencent +1.7%. Country Garden -1.3%. TSMC +1.1%. Samsung +0.4%. Volatility (CBOE VIX Index) is -5.5% at 16.1 and the BofA MOVE Index (bonds) is -6.6% at 127.2. The dollar falls 0.2% to 1.0635. Gold rises 0.3%, oil loses 0.7% and crypto gains or loses a few tenths. Bitcoin is now at $26,811.98.

Interest rates are also holding up at this hour, the American state is four basis points lower.

There are third-quarter figures/trading updates before the stock exchange on the Damrak, Fastned continues to grow well, records slightly more turnover than expected and there is 140% more gain. Italics, because profit is a choice on the stock market, it is said.

Fagron reports better than expected turnover growth. Quote from the press release:

Organic sales growth accelerated this quarter, helped by all regions, with North America delivering the highest organic growth in its history. This was due to excellent results from both FSS and Anazao, as underlying demand for outsourcing compounding activities remains high.

In EMEA, we saw revenue growth slow this quarter following the completion of price pass-through in the first half of the year. Latin America continued the upward trend.

Today’s agenda item is American inflation, after producer prices disappointed yesterday. So pay attention.

Sigh, inflation expectations actually fell a bit, but they are now rising again.

Finally, the IPO of the German Birkenstock on the New York Stock Exchange was quite disappointing. The fund now weighs $7.6 billion. After the close, another 1.1% fell.

News, advice, shorts and agenda

The most important ABM Financial news since the Amsterdam close yesterday.

08:14 British exports down 08:09 Decrease in production in British industry 08:09 Higher opening AEX expected 08:02 Fastned continues to grow 07:49 VAT thinks the bottom has been reached in the semiconductor sector 07:46 Media: ArcelorMittal wants to take over mines and factories from Vedanta 07:24 Better-than-expected turnover growth for Fagron 07:12 Japanese machine orders fall sharply 07:07 European stock markets open higher 07:02 More bankruptcies in August 07:00 Dutch exports grow slightly 06:52 Stock market agenda: foreign funds 06:52 Stock market agenda: macro -economic 06:51 Stock market agenda: Dutch companies Oct 11 Stock market update: AEX on Wall Street Oct 11 Wall Street ends the day on a positive note Oct 11 Oil prices fell again Oct 11 Fed officials see that the ‘restrictive’ policy will remain in force until inflation decreases – Minutes Oct 11 Bad start for Birkenstock Oct 11 Wall Street fails to maintain opening profits Oct 11 European stock exchanges close divided Oct 11 Stock market view: BNP removes Just Eat from the sales list Oct 11 Euronext meets companies without a PIE accountant Oct 11 Small loss for AEX

The AFM reports this shorts:

She are gone!

From the agenda:

07:00 Fagron – Third quarter figures
00:00 Fastned – Third quarter figures

08:00 Easyjet – Trading update (VK)
13:00 Delta Air Lines – Third quarter figures (US)

06:30 Bankruptcies – September (NL)
06:30 International trade – August (NL)
08:00 Industrial Production – August (UK)
08:00 Trade Balance – August (UK)
10:00 a.m. Monthly report IEA (From)
2:00 PM OPEC monthly report (Oos)
2:30 PM Aid Applications – Weekly (US)
14:30 Inflation – September (US)
5:00 PM Oil Stocks – Weekly (US)

And then this

The retrospective:

Dow Jones +0,2%
S&P 500 +0,4%
Nasdaq Composite +0,7%
Nasdaq 100 +0,7%
Russell 2000 -0,2%
SOX +0,7%
Nasdaq China Golden Dragon Index +0,4%

Wall Street’s main indexes closed higher after the release of minutes from the US Federal Reserve’s last meeting showed caution among policy makers fueling investor hopes that rates would remain steady
Read more: pic.twitter.com/ENgPaFRPtz

— Reuters Business (@ReutersBiz) October 12, 2023

Uh-oh?

The American consumer, who did a heroic job fighting the odds of a US recession, is about to give in, according to the latest Bloomberg survey

— Bloomberg Markets (@markets) October 12, 2023

On the other side of the Pacific:

Chinese consumers remain downbeat about the world’s second-biggest economy, despite initial signs of improvement in recent activity data, a Bank of America Corp. survey showed.

— Bloomberg Markets (@markets) October 11, 2023

Hereby:

WATCH: From why OpenAI might make its own chips to the creation of bots free from human biases, here are the biggest stories from the world of AI pic.twitter.com/XpXkelG1ND

— Reuters Business (@ReutersBiz) October 12, 2023

Even more competition:

Huawei is the latest Chinese company that’s becoming an EV powerhouse

— Joe Weisenthal (@TheStalwart) October 11, 2023

You can also go the other way, right?

Israel-Gaza war scenarios: what might lift oil prices to $95, $100, and $115 a barrel

— MarketWatch (@MarketWatch) October 11, 2023

That’s how things go?

Exclusive: Senior Arm China employees have quit to create a government-backed startup that some fear could divert revenue from the British chip designer

— Bloomberg (@business) October 12, 2023

Go ahead!

Most Japanese companies expect a slowdown in China’s economy to persist into 2025, with nearly two thirds of firms that operate there looking to shift some production elsewhere in search of sales in other markets, according to a @Reuters monthly poll

— Reuters Business (@ReutersBiz) October 12, 2023

How many?!

Western countries have frozen a total of about $300bn worth of Russian reserves in response to Moscow’s full-scale invasion of Ukraine in February last year pic.twitter.com/fKpqvVWdvL

— Financial Times (@FT) October 11, 2023

Have fun and good luck today.

2023-10-12 06:35:33
#Good #prices #market #firecracker #IEX.nl