The AEX race has been in no man’s land for a while, but seems to take steps again today towards his all-time high. The first part of the trading day opened the AEX with an increase of 5.81 points to the current level of 926.24 points. This makes the AEX just under 26 points away from its all-time high of 952 points.
Waiting for the inflation figures
For now it is waiting for inflation figures from the United States, for which a slight increase is expected. This would make the impact of Donald Trump’s trade war visible for the first time in the inflation figures.
That could be a problem for the financial markets, because that makes interest rates of the US central bank less likely.
The American economy was already doing well, which means that interest rates do not seem necessary, even though Trump is screaming around it. If inflation also rises, it becomes very unlikely that we will already receive interest rate letings from the US Central Bank in the short term.
In theory, that could just put a brake on the rises of the AEX course.
Markets look ahead
On the other hand, the markets look ahead, and it is now expected that the inflation figures will be slightly higher. There is a good chance that these expectations are already incorporated in the prices, and it must become even worse to hurt the AEX.
If inflation does not turn out to be warmer, and if the CPI will continue to be at the same level as last month, that could give a boost for the financial markets.
Anyway, a few exciting hours will arrive for the AEX course, in which a lot can happen again. If it works out well, it could be the rocket fuel towards a new all-time high for the AEX.
Source: https://newsbit.nl/aex-koers-omhoog-all-time-high-nadert/
