AEX resumes advance with climb above 600 points | Financial


The AEX index was 0.6% higher at a quarter past eleven with a score of 601.68 points, the highest level since May 2001. The Midkap index advanced 0.3% to 897.51 points.

Elsewhere in Europe, the stock markets also held the wind. Paris and Frankfurt won 0.5% and 1.2%, respectively, helped by the recovery of European car sales. London shot up 1.1%.

After the modest losses of the previous day, investors on the Damrak to step into shares quickly returned thanks to the continuing good mood in the US. After a lower start, Wall Street managed to leave the day with small pluses, with the most important stock markets tightening the record levels again. The fanned doubt about the success of the partial trade deal between America and China was tempered by the extension of the concessions for American companies to be allowed to do business with the Chinese telecom giant Huawei.

There was also a meeting between US President Donald Trump and Federal Reserve boss Jerome Powell. According to the two, much has been discussed in this, but the head of the central bank would not have given Trump any expectations about monetary policy. The futures in the US pointed to a modest continuation of the strong advance this afternoon.

In Asia, the Nikkei index in Japan took a step back this morning under pressure from the stronger Japanese currency, the yen, with a loss of 0.5%. Voral chip companies had to give up terrain.

The stock market in Hong Kong rebounded 1.6% supported by the hope that the Chinese central bank would be ready for a new economic stimulus.

Rein Schutte, investment adviser at Boer & Olij, emphasizes that investors are still confident that America and China will succeed in introducing a partial trade deal before the introduction of new US import duties halfway through next month. In addition, he points out that the market assumes that the upcoming figures from European purchasing managers will confirm that the economy in the eurozone has left the decline behind. "No euphoria is visible on the stock markets yet, but the influx of savers can keep the stock market party going for the time being."

Leading role Takeaway

Sat in the AEX in the lift with a plus of 2.8% after analysts from the Swiss bank Credit Suisse have increased their recommendation for the meal order site.

ArcelorMittal 2% higher. According to the trade unions, the steel group has suspended the planned closure of its Ilva steel plant in the southern Italian city of Taranto until further notice.

Adyen was also at the forefront. The rate of the payment processor rose 1.3%. In front of IMCD investors had 1.8% more left.

On the other hand, the defensive food company looked Unilever against a loss of 0.3% while Galapagos 2% had to give up. The biotech fund was also hit by profit taking the day before.

The price of medium-sized funds went up BAM 1.2% up. The builder has received a contract of € 60 million for the construction of a school in Denmark. Air France KLM thickness 1.4% supported by the well-received results of price fighter easyJet.

Fertilizer producer OCI continued the decline with a fall of 1.1%. Altice Europe took some gas back with a minus of 0.9% after the very good business in recent months.

Local fund Euronext slipped 0.6%. There is a new hijacker on the coast to take over the Spanish stock exchange with the possible arrival of fellow marketer Deutsche BOrse.

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