July 21, 2024

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AEX price is green after yesterday’s stunning all-time high

AEX price is green after yesterday’s stunning all-time high

AEX price started the day with green numbers, after a stunning new all-time high was made yesterday. The Amsterdam Stock Exchange continues to climb towards the magic price of 1000 points.

X price. Source: TradingView

The ECB has confidence, and the benefits of AEX

The AEX price currently appears to be benefiting from the confidence expressed by the European Central Bank (ECB) on Thursday regarding inflation.

The fact that the ECB is confident that inflation will fall to the desired 2.0% is remarkable, as recent wage and inflation numbers have been rather disappointing.

In America, major indices barely moved. They are waiting for today’s important jobs numbers which will be published at 2:30 PM Netherlands time.

There is a good chance that the AEX price will also move significantly as a result. Especially if the labor market turns out to be weaker again than initially thought. This also makes an interest rate cut from the US central bank closer.

A decisive day for the financial market

US stock market indices have responded well in recent days to last Wednesday’s somewhat weak jobs report. The number of vacancies turned out to be much lower than initially thought.

As a result, the Nasdaq (green) and S&P 500 (orange) rose, while the market yield on 10-year US government bonds (blue) fell.

Today it will be interesting to see how market interest rates react to the new labor market data. Is unemployment higher than expected?

Then the blue line will fall further, which is a positive development for the AEX price, but also for the Nasdaq, S&P 500 and Bitcoin price.

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