another sunny day in Amsterdam
Tuesday, March 22, 2022 11:10
The Amsterdam stock exchanges were higher on Tuesday morning. At around eleven o’clock, the AEX gained 0.5 percent on 722.55 points.
In Amsterdam, financials such as Aegon, ING and NN Group were in good shape this morning. ING investment manager Simon Wiersma pointed to the takeover interest rates on the bond markets. For example, the German ten-year yield rose to its highest level since October 2018. The American ten-year yield also rose sharply.
Fed Chairman Jerome Powell appears prepared to raise interest rates in larger steps, negatively affecting economic growth, he said in a speech on Monday. “Yesterday he turned out to be a real hawk, a fierce fighter,” said Wiersma. In a press statement last week, Powell said he wanted to look out of the tree. Last week, the Fed raised interest rates by 25 basis points.
“It only took Powell a few days of development to suddenly become much more concerned about the historically high education”, Wiersma founded. “What once played a part was performed in the financial markets last week. That must have been that the money tap was able to turn a bit to start the future.”
Analysts at IG believe that the war in Ukraine will continue to affect European stock markets. According to analysts at Deutsche Bank, this has also made up for the lack of progress in the negotiations between Ukraine and Russia.
The euro/dollar currency pair traded around a level of 1.0990. The oil price fell about 2 percent.
On a macroeconomic level, it remains calm today. This morning it was announced that the current account surplus of the eurozone’s balance of payments stabilized at 23 billion euros in January.
Risers and Fallers
Among the main stocks, financial NN, ING and Aegon led the way with gains of 3 to 5 percent. Just Eat Takeaway, announcing a simple intensification of the partnership with McDonald’s, won 1.5 percent.
Adyen exactly 2 percent. Philips fell by half a percent, below it had to recall ventilators again. This time it concerns a recall of 310 devices in the US.
In the AMX, AMG won 3.5 percent. Aperam rose by more than 3 percent. Vopak half a percent, net as Corbion.
In the AScX, Fugro won 3 percent, but Pharming almost one percent.
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