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‘AEX takes back gas with Fed boss Powell in its sights’ | Financial

We also look forward to the statements that Federal Reserve (Fed) Chairman Jerome Powell will make to Congress on Wednesday and Thursday. Investors are especially curious about what Powell will say about the rapidly rising inflation in the United States. On Tuesday it was already announced that inflation in June reached the highest level in almost thirteen years. Inflation is an important factor in the Fed’s interest rate policy.

Based on the opening indicators, the Amsterdam AEX index seems to be starting the new trading day slightly lower. The other European stock market indicators are also expected to open with minor negatives. Major stock markets in Asia showed mostly losses on Wednesday. The Nikkei in Tokyo ended 0.4 percent lower.

The European Union (EU) will unveil its most ambitious plan yet to tackle climate change on Wednesday. The plan should lead to concrete action as early as this decade and will set out in detail how the 27 member states are to reduce greenhouse gas emissions by 55 percent by 2030 compared to 1990 levels. The plan is expected to lead to an increase in tax on carbon dioxide emissions.

Shell is in the spotlight on Damrak. Raizen, a partnership between oil producer Shell and the Brazilian conglomerate Cosan, is aiming for a valuation of about 13.5 billion dollars, or 11.5 billion euros, in its upcoming IPO, according to Bloomberg news agency. It would be the largest IPO in Brazil this year.

NSI presented half-year figures. The property fund saw its result rise in the first half of the year and raised its expectations for the entire financial year. According to CEO Bernd Stahli, confidence in the market returned in the second quarter thanks to the progress of the vaccination program.

Apple’s European suppliers may move on reports that the technology group expects to sell many more copies of the latest iPhone this year than in previous years. According to Bloomberg news agency, Apple has asked its suppliers to build 90 million of the latest-generation smartphones this year. In recent years there were about 75 million.

The euro was worth $1.1788, against $1.1816 a day earlier. The price of a barrel of American oil fell 0.2 percent to 75.09 dollars. Brent oil cost 0.1 percent less at $75.89 a barrel.

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‘AEX takes back gas with Fed boss Powell in its sights’ | Financial
Source link ‘AEX takes back gas with Fed boss Powell in its sights’ | Financial

Source: https://netherlandsnewslive.com/aex-takes-back-gas-with-fed-boss-powell-in-its-sights-financial/197854/

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