The AEX is just above 652 in the busiest week of the quarter.

What is striking now is that stock markets in China are deteriorating – according to the networks that concluded yesterday’s party conference – and Boris Johnson is no longer involved in the UK.

• European futures are up tenths, or our technology may be struggling. Watch out for the pros
• US pockets 0.2%
• In Asia, everything and everyone is light, but China looks terrible. So it’s all about this
• Volatility (CBOE VIX Index) is -1.0% at 29.7
• The dollar rose 0.2 percent to 0.9858
• Gold -0.2%, Oil down more than 1% and Cryptocurrencies trading in all directions down 1%

Interest rates are actually dropping:

First of all China, the yuan is falling and especially in Hong Kong prices are going down. Networks indicate that the party conference concluded yesterday. Tencent is -8.3% in Hong Kong. Bloomberg:

The market setbacks that followed the cabinet reshuffle, which highlighted President Xi Jinping’s absolute grip on the ruling party, show deep disappointment over a possible continuation of policies placed on Covid Zero and state-led companies.

Technology giants Alibaba Group Holding Ltd. JD.com Inc. Both Meituan fell more than 10% as investors remained skeptical that Xi and his allies would seek to rejuvenate the private enterprise.

?? Latest market:
– Chinese stocks fell to their lowest levels since 2008 in Hong Kong as the cabinet reshuffle made by the Chinese president raised investor fears
Alibaba and Country Garden developer stumble by up to 6%
-Yuan is weakeninghttps://t.co/bjUedukDp1

– Bloomberg Markets October 24, 2022

Oh, more than that:

BREAKING: China releases its delayed economic data, which shows GDP grew faster than expected 3.9% in the third quarter but retail sales weakened https://t.co/0ePTuqopla pic.twitter.com/r43pE0Pnhe

– Bloomberg Markets October 24, 2022

Post:

And that’s on October 24, I’ll explain why shortly. This is the Hang Seng Tech Index and this is almost a breakdown… How do you say Black Monday in Chinese?

Loss and negative cash flow, Philips has already warned of dramatic Q3s. The report is now confirmed. New CEO Roy Hendriks promises a transformation and is already spending 4,000 cubic meters (5% of the total). Moreover, he did not set any concrete financial goals and did not mention (yet) a (new) strategy.

The fact that he immediately reduces the workforce – that’s the most popular among shareholders as a CEO – shows he’s serious about it.

Another minor character, or does this make you happy? With the interest rate rising, however, monthly costs for new buyers are rising faster than home prices have fallen so far. However, the trend is more than clear.

Existing #homes for sale It was 9.4 percent more expensive in September than a year earlier. It is the fifth consecutive month that the price increase has stabilized.https://t.co/2opYbG9wMD pic.twitter.com/BIIgHd9o3l

– CBS (statisticscbs) October 24, 2022

Unfortunately, October is yet to come, but let’s say if house prices will fall in equilibrium for another twelve years:

Another thing, today is history Black Thursdaytoday Roaring Twenties The end of 1929, the stock market collapsed and the Great Depression began. black monday came after him. The Dow was up 89% until June 1932 and no one bought the dip due to lack of money. This is a monthly chart or these are not the exact results.

News, tips and short agenda

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

• 08:14 The AEX may have started slightly higher in the run-up to the busy numbers week
• 08:02 China’s economy grows 3.9%: better than expected
• 07:34 Philips announces large-scale reorganization: 4,000 layoffs
• 07:21 Philips announces large-scale reorganization: 4,000 layoffs
• 07:16 Owner-occupied homes are rising again at a slower rate
• 06:57 European shares are expected to open higher
• 06:50 The picture of the Japanese economy is more favorable in October
• 06:44 Exhibition agenda: Dutch companies
• 06:44 Exhibition Agenda: Foreign Funds
• 06:44 Stock Exchange Agenda: Macroeconomics
• October 23 Shell participates in a major gas project in Qatar
• Currency October 23: ECB and Fed rates rise at the same time
• October 23 is a very busy week with first-order numbers
• 08:14 The AEX may have started slightly higher in the run-up to the busy numbers week
• 08:02 China’s economy grows 3.9%: better than expected
• 07:34 Philips announces large-scale reorganization: 4,000 layoffs
• 07:21 Philips announces large-scale reorganization: 4,000 layoffs
• 07:16 Owner-occupied homes are rising again at a slower rate
• 06:57 European shares are expected to open higher
• 06:50 The picture of the Japanese economy is more favorable in October
• 06:44 Exhibition agenda: Dutch companies
• 06:44 Exhibition Agenda: Foreign Funds
• 06:44 Stock Exchange Agenda: Macroeconomics
• October 23 Shell participates in a major gas project in Qatar
• Currency October 23: ECB and Fed rates rise at the same time
• October 23 is a very busy week with first-order numbers

AFM reports this shorts:

She’s already been busy in Basic-Fit lately:

The agenda is still thin, but this week is busy. It’s the last busy week of the year with a number of tsunamis including all the major tech companies, and then it slowly but surely disappears until the holidays. On Thursday, the European Central Bank raised interest rates by three quarters and the Bank of Japan is expected to do…nothing.

07:00 Philips – Third Quarter Numbers

00:00 Owner Existing Home Prices – September (Netherlands)
14:30 Chicago Fed Index – September (US)

These are the first estimates from the PMIs for the month of October that determine the current economic growth. Pay special attention to Germany and the USA:

then this

Current geopolitics:

#5things: China watchers express concerns about Xi’s power play. Sunak is gaining momentum in an attempt to gain the leader of the United Kingdom. Wall Street turns to Saudi Arabia as US tensions escalate.

Here’s what you need to know today. ?? https://t.co/zSoGDuaakn

– Bloomberg Markets October 24, 2022

And a lot more to do this week:

WATCH: A round-up of the business and funding stories to look out for next week pic.twitter.com/N6dMesLOVx

Reuters Business (ReutersBiz) October 22 2022

Yes Yes:

Stocks, bonds and currencies in developing countries are experiencing their worst collapse in decades https://t.co/HqbqJ4u3zp

– Bloomberg Markets October 23, 2022

Enjoy and good luck today.