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ARTICLE · 05 DECEMBER 1996

November - Time for Champagne

NetherlandsAntitrust/Competition Law
November 1996 will likely go down in history as one of the best -ever months for the stock markets. World share prices rose over a broad front, setting a string of new records. There was frequent reason to crack open the champagne. Turnover levels were also high. The AEX index rose from 577.02 points at end October to 631.05- a rise of 9.4 percent.

General market sentiment was dominated by optimism about economic trends and corporate profits. It looks as though steady economic growth is set to continue hand- in-hand with low inflation and that is music to investors' ears. The markets were also cheered by the widely predicted re-election of U.S. president Bill Clinton which meant a continuation of existing economic policies.

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