Saturday, 28 December 2013 - 04:33
AEX closes above 400 points
In Amsterdam, the AEX closed above the 400-point barrier. At the close of the business day the stock market index had reached 400.99 point.It's the first time in five years the AEX rose above 400 points. Late last month, the indicator was already inching its way to the barrier, but in the end it remained just beneath.
aex Amsterdam
Perpetualtourist2000
Flickr The price increases in recent months are mainly due to the expected recovery of the economy. Another reason is that investors have few good alternatives to stocks. The last time the AEX crossed the 400-point barrier was just before the collapse of the U.S. investment bank ,Lehman Brothers, in September 2008. Early this month the rates went down, but that changed when the Fed announced a decision to fade out a U.S. aid program. Because the aid is only being slightly reduced for now, the equity prices have gone up steeply in recent days. The final position today is 1.1 percent higher than the closing level on the day before Christmas.
Perpetualtourist2000
Flickr The price increases in recent months are mainly due to the expected recovery of the economy. Another reason is that investors have few good alternatives to stocks. The last time the AEX crossed the 400-point barrier was just before the collapse of the U.S. investment bank ,Lehman Brothers, in September 2008. Early this month the rates went down, but that changed when the Fed announced a decision to fade out a U.S. aid program. Because the aid is only being slightly reduced for now, the equity prices have gone up steeply in recent days. The final position today is 1.1 percent higher than the closing level on the day before Christmas.
