The AEX price is green today. With an increase of 0.75% and 6.60 points, the stock market is at 888 points. This seems to be fine, but the AEX has been doing a lot better this year.
Important days for the AEX
Today is an important day for the AEX rate, because we are getting brand new inflation data from the United States. Among other things, the consumer price index (CPI) for the month of August will be available today.
For the AEX it would be good if inflation comes in according to expectations (or preferably a bit lower). This gives the Federal Reserve (the American central bank) even more room to lower interest rates during next week’s meeting.
The September 18 rate meeting is already shaping up to be a very important one. On that date, the Federal Reserve can set the tone for the rest of 2024. Will they opt for a 0.25% cut or will they go for a significant 0.50% cut?
That question will be answered next week and today’s CPI figures will also play a major role in this.
It’s make or break for the AEX
The coming weeks could well be crucial for the AEX price. After the fantastic all-time high of around 950 points in July 2024, the stock market index has fallen to a bottom of 840 points during the crash of August 5.
The AEX then managed to recover to almost 930 points, but has now fallen again and fallen below 900 points.
With that, the AEX seems to be making a lower bottom, which is usually a good signal for people who hope for a continuation of the bull market. Now, however, it is important that the AEX price climbs and can get above that previous local high of ~925 points.
If that works, there is a good chance that we will see new all-time highs again in 2024 or early 2025. Much of that will depend on macroeconomic developments in the United States, however.
If they are positive and we get interest rate cuts without a recession, then there is a chance that the AEX can continue to boom.
Trade €10,000 for free and get €10 bonus
Want to enter the crypto world and perhaps buy Bitcoin or another crypto? Now is your chance! Thanks to a special deal between Newsbit and Bitvavo, our readers get an exclusive offer.
Create an account at Bitvavo using the button below and receive a welcome gift of 10 euros completely free. And that’s not all – you will also pay no trading fees on your first 10,000 euros in transactions for 7 days after registering your account.* Sign up now!
*Please note that terms and conditions apply to this promotion.
Source: https://newsbit.nl/aex-koers-groen-in-aanloop-naar-cruciale-cpi-cijfers/
