Economy

Banks remain positive in red AEX | Financial

The AEX, which closed 0.8% higher on Friday, opens 1.1% lower at 670.5 points. The AMX drops 0.6% to 991.2 points.

Decisive for the sentiment of the AEX is the position of the German Ifo index, which gauges the confidence of entrepreneurs, and is reported on Monday.

In Asia, the Nikkei in Tokyo finished 0.5% higher at 30,156.03 points, breaking the three-day loss streak. Aviation companies ANA Holdings and Japan Airlines rebounded to 5% profit, chipmaker Tokyo Electron followed its peers last week with a 6% rise, trying to beat a chip shortage.

Wall Street wins

In futures for the opening of the stock exchanges in New York at 3.30 pm, those for the Dow Jones are 0.5% lower, the Nasdaq falls 1.1%.

Minister of Finance Yellen asked Friday for a large support package from the government, in addition to that from central banks. If governments would do nothing now, then the risk of the economy declining is too great, she said.

The euro fell a fraction to $ 1.2109, the Japanese yen rose 0.3%, the British pound fell 0.2%. Cryptocurrency bitcoin is trading at $ 56,200 (-2%).

Brent oil becomes 1% more expensive at $ 63.50 a barrel.

Rising interest

Bond prices are falling, the compensation for the US 10-year interest has risen sharply today to 1.378%. The German 10-year fee gains up to -0.289%.

Market researchers warn against the continuously rising interest rates, a signal that more and more inflation is expected. “Investors may start to anticipate a phasing out of central bank support measures earlier than expected,” said Justin Blekemolen of broker Lynx.

This week a large number of interesting companies with quarterly figures will be released. Among others, ASMI, BESI, AMG, NVIDIA and Beyond Meat are next. Figures on US home sales and consumer confidence are also on the agenda.

A signal of recovery is the copper price, widely used in construction, car production and infrastructure. The price of a ton of copper hit a level of $ 9,187 on the raw materials market in Singapore on Monday, the highest level since 2011.

Shareholders showed a resilience last year: 30% in dividends were lost. Especially for those who had banks and oil companies in their portfolio.

Investors this week are looking at results from chip supplier ASM International and data company Wolters Kluwer, Grandvision, wholesale company B&S reports today, Aalberts, metals specialist AMG and chemicals distributor IMCD.

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