So, Philips is ahead of the stock market, and what are the plans of Alibaba, Tencent, TSMC and Adani?!

The AEX index is -0.7%. There is no apparent reason for the regression and the networks leave it in the middle.

It’s a bit of a short morning call, because the Philips numbers and reorganization required some time and focus. Other than that, not much news this weekend. ASML message Read In fact, you can actually come to us on the Friday before the stock market. Oh yeah, a very busy week awaits you with Big Tech and quarters from the Fed and ECB. Look preview.

China is open again and up a bit, but wait: Alibaba and Tencent are making -7% in Hong Kong (Hang Seng -2.2%). Take profit, says Reuters. In Taiwan, TSMC is +8% and I don’t see why easily. Samsung do -2% in Korea. Like everything is nothing.

• AEX (technical…?) stands out as European futures open around -0.3%
• So are US futures
• In Asia, everything except China, Japan and Taiwan (+3.8%) turns red
• Volatility (CBOE VIX) is -1.2% at 18.5
• The dollar settled at 1.0867
• Gold +0.1, Oil -0.4%, Cryptocurrency is now down slightly but Bitcoin is doing well and rubbing at $24,000

Interest rates are falling sharply again and that points to some upside for stocks, right? It is possible, of course, that this delicate association, which has been going on for more than a year, will cease.

First those slicers? Will TSMC rise based on the US-Japan-Netherlands anti-China chip agreement? Why does Samsung fall again? The answer is probably at the bottom of this piece: memory chips, finally.

That’s all Reuters says about Hong Kong. Maybe those chips?

Phillips characters Slightly better – or less bad – than expected. The group already holds a dividend (share) of €0.85. There’s a lot to read, and there’s a whole other story from the CEO. He has not been unemployed for the past three months. A quote from Niels Kuerts, our analyst:

The fourth quarter numbers are much better than expected, both in terms of revenue and margin

Outlook for 2023: Low single-digit revenue growth and high single-digit EBITA margin. Turnover growth is a setback for me, but margins are a windfall.

The key point of the strategy change: The company will now focus primarily on organic growth, rather than growth through acquisitions

Of course it is about that Reorganization plan, which the company states at 10 a.m. Business processes and the entire supply chain are reformed, which is important. Another 6,000 people will also have to leave.

This week’s rate decisions and nice bloomberg picture. Raise your hand that transforms the holiday from Italy or Greece to Spain or Portugal.

The Fed is today 1 quarter early (consensus forecast) and the market still hasn’t been able to price an increase above 5%. This is the forecast for December. Choose a cute and trendy percentage by yourself, then choose it.

Also on the subject of stocks, if you think the AEX is moving sideways – albeit in a wide range – you haven’t seen the revenue and earnings forecast yet. Certainly no movement in percentage terms and the downtrend now can mainly be attributed to dollar weakness.

Yes, how much upside or downside (still) does the indicator have? Please do not make Error AEX has stopped at 829.67 and we are heading there again ought toNot to mention our right to it. For example, we’ve looked up at 703.18 with dread for twenty years. Nine years later he even said 194.99…

News, short tips and agenda

Top ABM Financial news since yesterday’s Amsterdam close.

• 08:00 AEX expected a low start
• 07:29 Philips is deploying more staff
• 07:19 Output prices in the Dutch manufacturing industry are rising less quickly
• 07:12 Entrepreneurs are a bit more positive
• 07:04 European stock markets open lower
• 06:55 Stock Exchange Agenda: Macroeconomics
• 06:54 Exhibition agenda: Dutch companies
• 06:54 Stock exchange agenda: foreign funds
• January 29th Video: Cheap ASML Share
• Jan 29 Pursuer Blick: Barclays raises price targets for ING, ABN AMRO
• January 29: Fed and European Central Bank interest rate decisions next week
• Jan 29 Video: Will the fair’s good start to the year continue?
• 08:00 AEX expected a low start
• 07:29 Philips is deploying more staff
• 07:19 Output prices in the Dutch manufacturing industry are rising less quickly
• 07:12 Entrepreneurs are a bit more positive
• 07:04 European stock markets open lower
• 06:55 Stock Exchange Agenda: Macroeconomics
• 06:54 Exhibition agenda: Dutch companies
• 06:54 Stock exchange agenda: foreign funds
• January 29th Video: Cheap ASML Share
• Jan 29 Pursuer Blick: Barclays raises price targets for ING, ABN AMRO
• January 29: Fed and European Central Bank interest rate decisions next week
• Jan 29 Video: Will the fair’s good start to the year continue?

AFM reports this Shorts:

schedule of work:

07:00 Phillips – fourth quarter numbers
22:00 NXP – Fourth Quarter Numbers (NL)
06:30 Producer Prices – Dec (NL)
06:30 Product Confidence – Jan (NL)
11:00 Consumer Confidence – January rout. (euro)

Then this

Meanwhile in China:

Scoop: Baidu plans to launch its own version of ChatGPT for the China market, where the OpenAI service is blocked. The internet giant will debut its app in March, and will initially integrate it into its main search services. More here from @employee
https://t.co/aJyAbIE8PX

– Peter Elstrom (@pelstrom) January 30, 2023

Fraud, says Hindenburg. Netes, Adani says today in a 463-page report. Price is 4.6% now:

Paul Volcker beat double-digit inflation in the 1980s, but at a huge cost https://t.co/1LWCJXLjyl

– Bloomberg Markets January 29, 2023

Don’t forget then:

This time was supposed to be different for memory chip makers. Better management and broader markets will make the cyclical sector more predictable. Companies like Samsung and Micron are now facing a historic wipeout @employee @employee explain?? https://t.co/AdDZELhtel

– Peter Elstrom (@pelstrom) January 30, 2023

With this we always look further, nothing new:

There are only a few days left until the European Central Bank’s decision on its first interest rate for 2023, but focus has already shifted to what happens next. https://t.co/r4MwARl2JC

– Bloomberg Markets January 30, 2023

Hollie also:

Paul Volcker beat double-digit inflation in the 1980s, but at a huge cost https://t.co/1LWCJXLjyl

– Bloomberg Markets January 29, 2023

This 2% is basically some kind of tax on the money, right? Who is waiting to rise?

Top central bankers, who attribute the use of a 2% inflation target to decades of price stability, are facing their first full test of how well this approach to monetary policy works once prices break out, and how rigorously it is implemented. https://t.co/X6FEd3EZKx

Reuters Business (ReutersBiz) January 30, 2023

And something about the 1%:

Tesla chief Elon Musk with two senior officials at the White House in Washington to discuss how the automaker and President Joe Biden can work together to boost electric vehicle production and accelerate the electrification of America’s auto networks. Read more https://t.co/tuDTY9RfBc pic.twitter.com/lFYC3WlEZP

Reuters Business (ReutersBiz) January 28, 2023

Enjoy and good luck today.