May 18, 2022

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AEX wacht lagere opening

AEX awaits the bottom opening | IEX.nl

(ABM FN-Dow Jones) The Amsterdam Stock Exchange is expected to open lower on Tuesday. AEX futures indicated a loss of 0.6 percent an hour before the crash.

On Monday, the AEX was down 7 percent in the heavyweight Unilever Index. Expensive acquisitions were not likely to please investors and the main index closed 0.3 percent in the red at 781.12 points, while the surrounding stock markets managed to find their way higher. The Beursplein 5 had to dispense with Wall Street’s help, as stock markets remained closed on Monday for Martin Luther King Day.

In Asia, investors are slowing this morning. The biggest drop is the KOSPI index in Seoul of more than 1%. Other results remain on the modest side. The Bank of Japan maintained its interest rate policy this morning, but raised inflation expectations.

The outlook for US oil is rising this morning with a rise of more than one and a half percent to $85.12 a barrel.

Earnings season began in America last weekend, and the numbers of the financial giants in particular received a cautious reception. Investment bank JPMorgan shares fell 6 percent. This afternoon, investment bank Goldman Sachs will open its books for the fourth quarter. A total of 35 Standard & Poor’s 500 companies are reporting quarterly numbers this week.

Of the 26 companies on the S&P 500 that have already hit numbers, nearly 77 percent have exceeded analyst expectations, according to FactSet.

“Economic conditions in the fourth quarter were positive, and bode well for corporate earnings and revenue growth,” said Mark Heffel, investment analyst at UBS. Hefele said: “The forecasts provided by companies also seem to point to continued demand in 2022, even with omikron in mind.

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Wall Street closed lower for the second week in a row last week, with tech stocks in particular selling off on expectations of higher interest rates. The Nasdaq 100 is already down more than 5 percent this year, and this morning’s technology index futures point to price pressure for technology stocks on Wall Street this afternoon.

In addition to the corporate numbers, investors today are also looking forward to the German ZEW Index and the Empire State Index in the United States.

company news

PostNL CEO Herna Verhagen was contacted before Christmas to succeed CEO Peter Elbers at KLM. De Telegraaf reported this on Monday based on informed sources.

Heineken could have made a better final bid for the new collective labor agreement under the pressure of more strikes. This was reported by the FNV syndicate on Monday evening.

Arcadis has been hired by the Scottish and Southern Power Grids and the Scottish Power Grids to help them transition to renewable energy. Two frameworks were agreed upon for a period of five years, with a total value of 25 million pounds.

Ebusco has received an order from the Südwestdeutsche Landesverkehrs to connect ten electric buses and charging stations. Financial details not provided.

Berenberg raised ASMI’s target price from €400.00 to €445.00 while maintaining the buy recommendation.

Wall Street positions closed for Friday

Techindex and Nasdaq closed up 0.6 percent on Friday at 14,893.75 points. The Standard & Poor’s 500 Index wiped out a loss to close up 0.1 percent at 4,662.85 points, while the Dow Jones index lost 0.6 percent to 3,591.81 points.

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Pron: ABM Financial News

From Beursplein 5, Editors ABM Financial News Keep a close eye on developments on the stock exchanges, and the Amsterdam Stock Exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments.