March 4, 2024

Taylor Daily Press

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A focus on Randstad statistics and US inflation on Damrock

A focus on Randstad statistics and US inflation on Damrock

AMSTERDAM (ANP) – On Tuesday at the Amsterdam Stock Exchange, the focus will be on the Randstad, among others. The temporary employment group sees revenue and profits decline in 2023 as companies become more cautious about hiring employees. According to CEO Sander van de Noordende, the global macroeconomic environment remains uncertain and this influences decision-making in companies. However, labor markets are tight, and Randstad has been able to adapt to “challenging” market conditions.

Also, investors are waiting for the US inflation rate. Inflation plays an important role in the Federal Reserve's interest rate policy. The central bank raised interest rates significantly last year to deal with inflation. Financial markets believe that inflation has cooled enough that the central bank will start cutting interest rates soon. Economists expect US inflation to be below 3 percent in January. This is the first time since March 2021.

After hitting new record highs on Monday, the AEX index on the Damrock looks set to start slightly lower. Other European stock markets are also expected to open with losses. In Asia, the Japanese stock market showed significant gains on Tuesday. The Nikkei rose 2.9 percent to touch 38,000 points in Tokyo. This is the first time since 1990. The key Japanese index is nearly 1,000 points away from an all-time high reached at the end of 1989. Stock markets in Hong Kong and Shanghai were closed for the Chinese New Year.

Arcadis

Wereldhave presented the results in Damrak. The real estate company increased rental income in 2023. The result per share increased to 1.73 euros and was in line with expectations, according to the company. This year, the result is expected to be 1.75 per share.

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Arcadis announced that it has received several contracts from the Nevada Department of Transportation in the United States. Consulting and engineering firm to help improve access, safety and sustainability on highways and roads in the US state. Financial details were not provided.

Euro and oil prices

The euro was at $1.0768, down from $1.0775 the previous day. U.S. oil futures rose 0.4 percent to 77.22 a barrel. Brent crude was up 0.3 percent at $82.27 a barrel.