The AEX has a higher top in sight, the Fed and a lot of China and crypto

De AEX heeft hoger topje in zicht, de Fed en veel China en crypto

The AEX indication is +0.4% just below 720 after a pleasant Wall Street yesterday. If we carry this score over the line this afternoon, the short upward trend since more than a month has been confirmed with a new top.

Attention, tomorrow the US is closed for Thanksgiving and Friday is Black Friday.

  • European futures open just above zero
  • The Americans do that again just below zero, it can all have no name
  • In Asia, the major markets are all a few tenths up
  • Volatility (CBOE VIX Index) is slowly but surely falling and is now -4.8% at 21.3
  • The dollar is down 0.3% to 1.033
  • Gold and oil drizzle -0.1% and crypto plus more than 2%, despite shaky reports again. So more

Interest rates are slightly higher at the opening and given the correlation this year with equities, a higher AEX close is just as likely. certainty if Argentina against…

Perhaps not the most important news today, but the most striking? You rarely see such a message from China. Still at Apple too, so it attracts attention.

The playing field is very small these days. The AEX (orange) just missed out on a new higher closing position yesterday compared to last week’s 716.43. Intraday, the index still has to tick 718.45. Our ten-year sideways fun along, or is it the other way around? The interest rates do have that name.

At Prosus, the numbers come in parts this round, here’s something after yesterday. Here the Dutch report and Tencent is +1.9% in Hong Kong.

Pharming also has news. What a text, looks like an entry for the National Dictee. Here is this press release in plain English.

Two agenda items stand out today, first of all there are the first estimates of the purchasing managers’ indices for November from these countries. Watch Germany and US again and expectations are again slightly lower than last time. There are also Fed minutes of the latest interest rate decision tonight.

Screendump Bloomberg, tonight it’s about pigeons and hawks, basis points and inflation numbers:

I also have a picture: August 1980, those were the times:

One more, just compare the interest to the valuation. Equities have been a bear market for a long time, but no big, market-wide price declines and not cheap. Whether they will ever become cheap again is a fun discussion, because there are, for example, more and more investors for fewer and fewer shares.

News, advice, shorts and agenda

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

  • 08:04 Slightly higher opening AEX expected
  • 08:02 New Zealand raises interest rates sharply
  • 07:23 Pharming presents new study data
  • 07:22 Prosus sees turnover from e-commerce picking up considerably
  • 06:58 European stock markets are expected to open higher
  • 06:50 Stock market agenda: macroeconomic
  • 06:49 Stock market agenda: foreign funds
  • 06:48 Exhibition agenda: Dutch companies
  • Nov 22 HP sees procrastination among customers
  • Nov 22 Stock market update: AEX on Wall Street
  • Nov 22 Wall Street closes higher
  • 22 Nov Oil price rising
  • Nov 22 Wall Street slightly up
  • 22 Nov Achmea praises green loan
  • 22 Nov European stock markets close higher

The AFM reports these shorts:

The agenda:

18:00 Prosus – Interim figures final.
00:00 HAL – Trading update

1:00 PM Deere – US Fourth Quarter Figures

09:15 Composite Purchasing Managers Index – November (Fra)
09:30 Composite Purchasing Managers Index – November (Ger)
10:00 Composite Purchasing Managers Index – November (eur)
10:30 Composite Purchasing Managers Index – November (UK)
1:00 PM Mortgage Applications – Weekly (US)
2:30 PM Durable Goods Orders – October (US)
15:45 Composite Purchasing Managers Index – November (US)
4:00 PM New home sales – October (US)
4:00 PM Michigan Consumer Confidence – November (US)
4:30 PM Oil Stocks – Weekly (US)
20:00 Federal Reserve Minutes (US)

And then this

Nice and green yesterday:

Next, 12% of the workforce:

Another one:

Oh:

So Barron’s, there’s not a word of Chinese in here:

This is hefty:

How stable is stable? Not too stable has already turned out.

Here the word labile is more appropriate:

New York hoddlet between the sliding doors:

Oh yes, Salvador! Is so.

Have fun and good luck today.