The AEX is only +0.1% and… absolutely nothing to see.

Then you immediately understand what is meant, there is no direct influence of the Russian situation this weekend: zeros before the decimal point. How Russia’s changing political relations will affect energy and raw materials in the long term remains a big question mark for everyone.

Other than that, there is no news worth mentioning this weekend and only the important numbers will be available at the end of the week: German inflation and Chinese PMIs. How bad are they the main question. It’s malaise this year, but stock markets are higher. cool too. mid engine AEX is 9.8% higher and reinvested +11.5%.

Results now:

• European futures open a few tenths higher
• The United States rose 0.2%.
• There is nothing to see in Asia either. Just a slack day. Japan and South Korea are slightly higher and the Chinese markets are all down again – under all the flags the country knows best

Alibaba -2.3%
Tencent -0.9%
TSMC-1.1%
Samsung + 1.1%

• Volatility (CBOE VIX index) is +4.1% at 13.4 and BofA MOVE index (bonds) is -1.8% at 105.7
• The dollar settled at 1.0906
• Gold rose 0.2%, oil rose 0.4%, and the cryptocurrency dropped tenths to more than one percent. Bitcoin is now trading at $30,240.95

The interest rate market also manages without a shot of vodka in your morning coffee:

The most important things firstThe ruble falls slightly. It could be worse, right? There is not much to see, the downtrend (for the ruble) is intact. The Russian RTS index is not moving, or the stock market may be closed.

What would we have seen on the signs if the one-day uprising had been during market hours? Also twisting and turning. Now you can’t even see the oil. Orange is WTI and purple is Brent.

Fear in the market = gold, but given the spot price of gold, there is not much more fear in the market now than on Friday. So far, we’ve got that back.

We’ll almost forget that we’re in the midst of a fuss about AI and not just in the United States. Don’t be fooled:

Shares of a small Japanese chip design company have quintupled since listing in October, buoyed by expectations of an artificial intelligence boom. https://t.co/sw7wo7PhR5

– Bloomberg Markets June 26, 2023

Just look at what’s happening today. The company is called Socionext and who connects with sociopaths there? As long as it’s not a harbinger of the Nasdaq 100, right?

Because then we might be able to buy (additional) sometime. American technology is very expensive compared to the rest of the market. AEX makes 14.5 times the expected profit, because that’s what you see here.

any thing else? The last week of the first half of 2023, i.e. earnings warnings may appear from now on. The main items on the agenda on Friday are the first estimates of China’s purchasing managers’ indices for June. Especially after those dramatic results last Friday from the United States and Germany among other countries.

Not unimportant either, on Thursday there will be the first German inflation estimate for June. ECB read along.

News, short tips and agenda

Top ABM Financial news since yesterday’s Amsterdam close.

• 08:09 Stock market look: Deutsche Bank removes PC from buy list
• 08:05 Euronext sells interest in LCH
• 07:59 AEX is likely to start the week with caution
• 07:45 Berenberg raises price target for Shell
• 07:04 European stock markets are expected to open higher
• 06:51 Stock Market Calendar: Macroeconomics
• 06:50 Exhibition agenda: Dutch companies
• 06:50 Stock Exchange agenda: foreign funds
• June 25th macro data will dominate next week
• June 25 “The European Central Bank enters the final phase of raising interest rates”
• June 25: Total Energy and Aramco are pouring billions into a Saudi factory
• June 25 IBM is about to acquire software supplier Apptio
• June 25 currency: three important topics for the foreign exchange market
• 08:09 Stock market look: Deutsche Bank removes PC from buy list
• 08:05 Euronext sells interest in LCH
• 07:59 AEX is likely to start the week with caution
• 07:45 Berenberg raises price target for Shell
• 07:04 European stock markets are expected to open higher
• 06:51 Stock Market Calendar: Macroeconomics
• 06:50 Exhibition agenda: Dutch companies
• 06:50 Stock Exchange agenda: foreign funds
• June 25th macro data will dominate next week
• June 25 “The European Central Bank enters the final phase of raising interest rates”
• June 25: Total Energy and Aramco are pouring billions into a Saudi factory
• June 25 IBM is about to acquire software supplier Apptio
• June 25 currency: three important topics for the foreign exchange market

AFM reports this Shorts With Alfen slipping below 10% again.

schedule of work:

00:00 Pros – Annual numbers

10:00 Ifo Business Confidence – Jun (Germany)
00:00 ECB Sintra Seminar (BUR)

Light a candle for German business confidence, because the Ifo Geschäfstklima is an excellent leading indicator of German GDP.

Then this

Looking back, is technology ready for a patch?

Wall Street closed lower on Friday, as Nasdaq snapped its eight-week winning streak https://t.co/paQUDT7sfD pic.twitter.com/eFAGf8aXnX

Reuters Business (ReutersBiz) June 24, 2023

clearly:

The global oil market faces new risks from the uprising in Russia by the Wagner mercenary group https://t.co/FaKbCHQHfA

– Bloomberg Markets June 26, 2023

Obviously the second:

Gas traders are bracing for more volatility after a short-lived revolt in Russia poses another risk to supplies https://t.co/jx0GCaNFjU

– Bloomberg Markets June 26, 2023

also:

Major US lenders are expected to show they have ample capital to weather any new banking-sector turmoil during the Federal Reserve’s health checks this week, though resulting investor payouts are likely to decline slightly, analysts said. More here: https://t.co/A6gE0x85CB

Reuters Business (ReutersBiz) June 26, 2023