AEX price up, bottom reached? – Strange news

The AEX price started strongly on Friday, May 3, with an increase of 0.78 percent. Since last Wednesday’s press conference by the US central bank (Federal Reserve), sentiment on the market appears to be cautiously returning. While everyone was counting on a very strict Federal Reserve, in reality it wasn’t too bad.

As a result, not only does the AEX price shoot up, but Bitcoin and the American stock exchanges are also slightly higher.

Daily chart AEX. Source: Tradingview

Windfall from America

During the first three months of 2024, inflation in the United States suddenly rose again. This unexpected rise in inflation in America could very well be the result of the Federal Reserve’s words in December 2023.

At the time, the Federal Reserve said it was starting to think about cutting rates as inflation fell toward the target 2.0 percent.

In response, markets shot up, making investors a lot richer on paper. The theory is that this caused consumption to pick up in America, causing inflation to rise.

After those inflation increases, the market was afraid of a very strict Federal Reserve on Wednesday. Some analysts even expected that a scenario would be announced in which new interest rate increases would be a possibility.

However, that did not happen, which resulted in a positive surprise. This is one of the reasons why the markets shot up and it seems possible that the AEX price and the rest of the market have seen their “local bottom”.

Many winners at the Amsterdam stock exchange

Of the major shares on the Amsterdam AEX, ING was the winner with an increase of about 2 percent, after the bank’s figures had already been received very positively on Thursday.

Chipmakers ASML and Besi managed to achieve an increase of more than one percent. Philips and Heineken were the only companies among the big boys that recorded a small loss. UMG managed to rise by 1.4 percent after the presentation of the quarterly figures.

In short, these results ensure a small increase in the AEX today.