AEX is +0.6% after a quiet weekend, no news and numbers now ahead of Damrak, but there is a lot to do on the crypto front.

• European futures opened 0.2% to 0.7% higher
• The United States fell 0.2% to 0.4%.
• In Asia, Hong Kong (Tencent -1.5%) and Taiwan more than 1%, but China, Japan and Korea should drop to 1%
• Volatility (CBOE VIX Index) is -4.2% at 22.5
• The dollar fell 0.1% to 1.03
• Gold, Oil and Cryptocurrencies are now recovering, after heavy losses again last night. And a lot.

The German ten-year yield is falling by two basis points while the American yield is rising by five, which is a bit of a strange picture. Let’s wait and see what the trend will be.

Look at this German and American, they could really use a little guidance. I started looking sideways.

There is no news this weekend of other parties in trouble, because the big question now is who will connect or not pull bankrupt crypto broker FTX to its collapse. What does this mean for the market? This is what Bloomberg does.

Here is the source. How many individuals and organizations permanently turn their heads? I would say don’t underestimate it. Bitcoin and cryptocurrencies are often surprised. For many it is almost a religion.

The pain that has spread across cryptocurrencies over Sam Bankman-Fried’s FTX collapse is breaking the bond it once had with other risk assets, a sign that Bitcoin’s impact on investors may be waning. https://t.co/t4fa8dr93p

– Bloomberg Markets November 14, 2022

Bloomberg will come up with an alternative. Add this to the faltering and bloated economy, as I wrote last week, and who knows. As with other commodities, it is very normal for someone to not care for years and then suddenly do so.

Bitcoin itself for a moment… Last winter, the crypto world announced to convert your savings, which did nothing, into crypto. It is already moving. The summit is only a year before the 9th of November.

Then the stock market miracle last week. How far can this march go? With a little luck, for example, AEX will exit the bear market that began exactly one year ago this week. I don’t want to be a spoiler, but the sales and profit forecasts for AEX companies are faltering.

In addition to higher prices, this makes stocks more expensive again. The essence is in the hands of interest. All in all, it seems to be trending sideways this fall in a fairly wide bandwidth and above all choppy. That might indicate a summit formation, but that’s speculation.

News, short tips and agenda

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

• 07:55 AEX is likely to start the trading week in green
• 07:33 Market view: Berenberg puts Alfen on the buy list
• 07:01 European shares are expected to open slightly higher
• 06:58 Stock Market Agenda: Macroeconomics
• 06:57 Exhibition agenda: Dutch companies
• 06:57 Exhibition Agenda: Foreign Funds
• November 13 More inflation numbers and the latest remaining company results
• November 13, Democrats continue to control the Senate
• 07:55 AEX is likely to start the trading week in green
• 07:33 Market view: Berenberg puts Alfen on the buy list
• 07:01 European shares are expected to open slightly higher
• 06:58 Stock Market Agenda: Macroeconomics
• 06:57 Exhibition agenda: Dutch companies
• 06:57 Exhibition Agenda: Foreign Funds
• November 13 More inflation numbers and the latest remaining company results
• November 13, Democrats continue to control the Senate

Analyst advice:

Alfen: to buy from waiting (125 €) – Berenberg

AFM reports this shorts:

The agenda is too weak:

13:00 Tyson Foods – US fourth quarter numbers

11:00 Industrial Production – September (EUR)
00:00 OPEC – Monthly Report (East)

then this

Relive a little more:

WATCH: Wall Street closed sharply higher, extending the rally that started the day before after a weak inflation reading raised hopes that the Fed will become less robust as US interest rates rise https://t.co/KBnSgreNyd pic.twitter.com/7TWncBB0kB

Reuters Business (ReutersBiz) 12 November 2022

What a mess, game over, but is there pollution?

WATCH: FTX, which filed for bankruptcy on Friday, said it discovered unauthorized transactions, and analysts said millions of dollars in assets were removed from the crypto exchange under “suspicious circumstances.” https://t.co/dfS0uRZLKx pic.twitter.com/gd9ybEis68

Reuters Business (ReutersBiz) November 13, 2022

quotes:

• Alameda Research, a trading company founded by Sam Bankman-Fried, has been trading billions of dollars in FTX accounts and leveraging the exchange’s token as collateral, according to a source.
• The source says many employees and external auditors were unaware that FTX did not have enough money to match customer withdrawals.
• Three sources familiar with the company told CNBC that they were surprised by FTX’s errors and that only a small group was aware of the potential for misuse of customer deposits.

Sam Bankman-Fried’s Alameda quietly used FTX client money without sounding alarm bells, sources say https://t.co/XllLJULyE2

– CNBC November 13, 2022

No superfluous luxury, no:

Changpeng “CZ” Zhao, head of crypto exchange Binance, said the company plans to lead an effort with other players in the industry to set global standards in the wake of the bankruptcy of rival FTX. https://t.co/jPYWQM6fYy

– Bloomberg Markets November 14, 2022

Because this isn’t really possible:

The rapid decline in the value of FTX’s main crypto assets, along with unauthorized withdrawals of funds after filing for bankruptcy, suggests that clients of the once-popular exchange face little chance of getting many of their deposits back. https://t.co/GGl3I86vZk

– Bloomberg Markets November 13, 2022

Oh my gosh, but how much is the rise in profits and prices?

The International Monetary Fund said the global economic outlook was more bleak than expected last month, citing a steady deterioration in purchasing managers’ surveys in recent months. Read more: https://t.co/dIwYqJSwSI pic.twitter.com/TLhPYsF6F5

Reuters Business (ReutersBiz) November 14, 2022

This is usually not a good reason:

The survey showed that defeated Chinese technology stocks have become a target of investors driven by the fear of getting lost https://t.co/uRoauX8V3s

– Bloomberg Markets November 14, 2022

honesty:

The European Central Bank is likely to receive several hundred billion euros in early repayment of long-term loans this year after officials tightened program terms to help fight inflation. https://t.co/ECgqYlMzJn

– Bloomberg Markets November 14, 2022

Then again:

How are “free” trading platforms paid? https://t.co/u1wiWxeUDa (Across Tweet embed) pic.twitter.com/wJT0pfYAy2

– CNBC November 14, 2022

If you are still looking for fantasy:

Miles below the Earth’s surface, there is a source of renewable energy that could support all of humanity for the foreseeable future. Watch the full video here to learn how geothermal energy is released: https://t.co/6bovrkVaje pic.twitter.com/MpYdKzHtVy

– CNBC November 14, 2022

this week:

G-20 leaders, including Joe Biden and Xi Jinping, are meeting this week in Bali, for their first summit since Russia’s invasion of Ukraine.

Follow the latest developments https://t.co/PINyC5TJuD

– Bloomberg Markets November 14, 2022

What or what?! Comfortable, maybe he can support Presidents Joe Biden and Xi Jinping…

CNBC Indonesia reported that Musk will be joining the G20 summit in Indonesia roughly https://t.co/BpuuAR09GZ pic.twitter.com/Y7Q3ujYXHu

Reuters Business (ReutersBiz) 12 November 2022

Enjoy and good luck today.