Recently, Mary Pieterse-Bloem, Professor of Financial Markets at Erasmus School of Economics, joined BNR Nieuwsradio's programme Zakenlunch. There, the professor gave her reaction to the 6.7% price bump that ASML suffered due to a disappointing number of new orders. She is also asked what expectations the financial markets have about the ECB's policy rate.
Besides a drop in revenue for ASML, the Dutch company's main problems are a disappointing order book and a share price fall. One reason for the share price drop is that investment analysts predicted that the order book would generate around 4.5-5 billion euros, while in reality it is "only" 3.6 billion euros. On the other hand, a share price that has performed very well for a long time can simply disappoint.
Pieterse-Bloem also touched on the ECB's interest rate policy. The ECB is now expected to cut interest rates again in June. Some expect another cut in the following month. The professor questions this: a monthly interest rate cut is too optimistic for now. One interest rate cut every two months would be more realistic.
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You can listen to the full episode from BNR Nieuwsradio, 17 April 2024, here.