The AEX index closes with a 0.2% loss at 699.85 points.
The day before, the index established in 1983, which unlike many works without dividend reinvestment, closed above this milestone for the first time in 22 years. The Midkap index advances 0.3% to a peak of 1026.33 points.
The highest closing position for the AEX was reached on September 4, 2000 with 701.56 points. A day later the intraday record of 703.32 points followed. Incidentally, the AEX reached a low of 218.44 points in March 2003.
‘Market is looking for news’
The British FTSE, French CAC-40 and the German DAX prices are down 0.3%.
Eurozone inflation rose by 1.3% in February from 0.9% a month earlier, the European statistics agency Eurostat reports. This is mainly due to the increased energy prices.
“The market is actually very quiet. Interest rate movements, inflation and the hiccups in the vaccination play a role, but these are themes that are familiar to investors and have already priced in the effect, ”says market analyst Robbert Manders of broker IG Netherlands.
“Only when there is a new theme, prices will move more violently.” The volatility index VIX or ‘shaky index’ drops below 20 points today.
“The AEX record does not come out of the blue, it has been an accumulation of factors in recent months,” says currency analyst Ima Sammani of Monex Europe.
“In a time of low interest rates on the global economy, a lot of money is already flowing to the stock market, the money support from central banks and governments is helping.”
Support packages in the US also contribute to sentiment, “since the AEX is quite strongly oriented towards global trade and benefits from US growth due to exports from the US, it gets an extra boost,” says Sammani.
Stock markets in New York are rapidly expanding the opening profit: the Dow Jones index goes from loss to a fraction of profit, the S&P 500 plus 0.5% and the Nasdaq gain 1.4%.
Investors are especially looking forward to details in the speech given by US President Biden. It is expected to announce that it will invest between $ 3 and $ 4 trillion in infrastructure and renewable energy. Stocks like ArcelorMittal should benefit from that.
That capital comes in part from a tax increase that should bring in $ 3 trillion. “Investors are less happy about this, the tax increase mainly affects companies, which is at the expense of profit,” says Manders of IG Netherlands.
US job grade
The interest on 10-year US government debt will rise again to 1.724%. This afternoon there will also be access to the private sector with the latest job report from salary processor ADP.
Vaccination news offers concern and hope. On the one hand, Germany limits the use of the corona vaccine of the British-Swedish pharmaceutical company AstraZeneca to people over 60. On the other hand, the corona vaccine developed by Pfizer and BioNTech appears to have a 100% effectiveness in young people between 12 and 15 years old, according to the producers.
DSM weak in the market
At main funds, semiconductor leads ASMI at 2.1% exchange rate gain. Iron, supplier to the chip sector, is 2% higher and is the highest scoring share this year.
Degroof Petercam analysts expect much more growth. Revenue increases from € 434 million to € 600 million, says the analyst, who this week put back the advice of buy to hold.
Chip machine manufacturer ASML wins 0.5%. Signify follows with an increase of 1.4%. And Philips sees the share price pick up 1.1%.
Steel giant ArcelorMittal continues its path upwards with a plus of 0.5% after a boost from the Chinese industry. Aluminum makers in Europe are receiving support from the European Union, which imposed anti-dumping measures on Chinese metals with import tariffs of 21.2% to 32.1% for the next five years.
Just Eat Takeaway is out of favor in the AEX with a drop of 0.2% after industry peer Deliveroo went down on its debut in London. Several investors had already objected to the way in which the company deals with its deliverers in the run-up to the IPO.
Bottom of the league DSM course 1.6% lower. The acquisition of the fragrance and flavors branch at the American Amyris is receiving a lukewarm reception from investors.
Index weight Shell going back 1.4%, the price of Brent oil drops 0.5% to $ 63.80 a barrel. The American Petroleum Institute again reports a much larger build-up of inventories than analysts expected.
There was also little movement among the medium-sized funds. Leader Elves gets 1.8% more. Fugro in contrast, 1.2% lost.
AScX fund Brunel can add 0.2% The secondment agency has announced its new objectives.
THING on the local market is 1.1% lower. The investor saw profits fall in 2020 due to lower profits at the listed companies in which HAL has interests.
Fastned after a lower start to 0.7% in response to the annual figures.
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