AEX probably starts trading week in green
Monday, 01 March 2021 7:58 am
(ABM FN-Dow Jones) Amsterdam Stock Exchange is expected to open higher on Monday. The futures of the AEX index represent a gain of 0.4 percent an hour before the stock market conglomerate.
Last week, the AEX index was down 4.0 percent at 678.48 on a weekly basis. Tomrack’s mood was particularly depressing on Friday as bond yields on Wall Street continued to rise.
Growth stocks, especially those seen in the technology sector, were under pressure due to their high ratings as bond yields rose. On Friday, the U.S. ten-year interest rate was 1.49 percent, up from 1.36 percent at the start of last week. The German variant started the week at -0.30 per cent and on Friday recorded -0.25 per cent.
According to Van Lanshot Kempen’s senior investment strategist Justin von Lenders, fears of interest and inflation are forecast, especially in Europe, he told ABM Financial News before the camera last week.
In the United States, the fear is “maybe a little more”, but even there, Van Lanshot Kempen expert does not see things happening too fast, although the biggest new government impulses are coming.
“But we don’t know where the pain threshold is,” Van Leenders said. “It’s about size and speed. There’s no need to panic right now.” Above all, von Lenders insists, and growth is coming as well as significant profit growth in companies.
Federal Reserve Chairman Jerome Powell was able to encourage investors last week, but optimism only lasted briefly. The central banker stressed that the US economy will be supported for a long time with rates close to zero and big buying plans.
On Friday night, sentiment was confirmed on Wall Street and key codes were dismantled.
On Friday night, the US House of Representatives approved President Joe Biden’s $ 1.9 trillion corona support package.
In the assembly, 219 members voted against the US rescue plan, 212 in favor.
The plan now goes to the Senate, where necessary changes await from policymakers.
The sentiment in Asia, which has been hit hard by major indices over the past week, is high this morning. Tokyo has Sydney with an increase of 2.4 percent and Sydney with less than 2 percent.
The future of US oil is also up 1.6 percent. . At 61.50, a barrel of West Texas Intermediate was more than 3 percent cheaper on Friday. On a weekly basis, WTI prices rose about 4 percent.
Investors are waiting for a meeting of OPEC and its allies on Wednesday and Thursday. Oil prices are set to rise sharply in 2021, following compliance with current agreements and the voluntary reduction of 1 million barrels a day by Saudi Arabia.
The Euro / Dollar pair traded at 1.2086 this morning.
Investors today, among other things, are releasing the codes of purchasing managers for the industry in February, which will be released in Europe and the US during the trading day.
In line with expectations, PostNL saw a significant increase in profits and turnover in 2020 and predicts further growth in 2021. PostNL estimates free cash flow of 200 to 30 230 million and normalized operating results of 20 205 to 5 225 million. Euros for the current year. PostNL previously said it expects a normalized operating decision of at least 18 185 million. PostNL will offer a dividend of 0.28 euros per share for 2020.
This weekend, an announcement in the AFM registry showed that a Czech millionaire with a keen interest in Royal Mail had acquired an interest in PostNL.
The European Commission has approved the purchase of Porsche Italiana by Euronext.
Bernberg raised the price target for ING from 8.40 to 10.70 euros and maintained the buying recommendation, after the year figures, there was very strong news about the quality of banks’ loans, analysts said.
Today’s group trader Bert van der Pol pointed to Deutsche Bank’s purchase advice for Just Eat Takeaway.
Closing levels Wall Street
The S&P 500 index gave a modest gain on Friday, eventually falling 0.5 percent to 3,811.15 points, while the Dow Jones index lost 1.5 percent to 30,932.37 points. The Nasdaq is up 0.6 percent at 13,192.34 points.
ABM Financial News; [email protected]; Redactie: +31 (0) 20 26 28 999.