AEX exchange rate green: ASML and ASMI rise more than 2 percent
The AEX starts today with a decent rise and thanks, among other things, the chippers, who are finally rising again.
Today, the AEX price is turning green towards the much-discussed interest rate decision of the US central bank. Despite the high oil price of more than 100 dollars per barrel and bond yields that are at the highest levels in decades, we see the chippers rising again today.
ASML in particular is an important party for the AEX. The company, which plays a crucial role in the global chip chain, has a fairly heavy weighting within the Dutch stock market index.
Today's increase, which is now above 2.4 percent for ASML, therefore contributes to the rise in the AEX rate.
Incidentally, the increase is not yet a reason for a big party. For the time being, ASML is trading quite far below the all-time high of over 1,700 euros.
In addition to ASML, we are also seeing significant increases in ASMI and BESI of 3.44 percent and 1.50 percent, respectively. So the chippers score today at the stock exchange in the Netherlands.
Although today, of course, it is a lot about the US central bank's interest rate decision, there are more things that play a role. The rise in the oil price does not help the stock market indices, while the rise in bond yields in general does not help either.
Funnily enough, the rise in bond yields is also the result of the success of the AI revolution. Due to the huge investments in AI, the demand for capital has increased sharply.
More demand for capital logically means that the price of capital rises. And that, of course, is the interest rate. Ultimately, the success of AI could also be what plants the seeds for destruction.
There comes a point when interest rates become too high for the returns that AI investments still yield. From that point, it's probably going downhill. However, it is questionable whether this is already the case.