The AEX is closed on Wednesday with small profits. Foreign acquisitions and deal news have put funds like Ahold Delhaize and KPN in motion. ING withdrew the index with its weight. The market is waiting for new quarterly results. With the losers, Just Eat Takeaway and Galapagos are in stock.
The AEX closes 0.1% higher at a stand of 644.38 points. With recent profit days, the main barometer is 3.2% higher this year. The Midkap-index closes at 0.6% gain sts at 973.72 points. This year, the AMX wins 4.2%.
Paris holds 0.2% profit, Frankfurt rises 0.1%, London loses light ground. The European Commission has authorised British stock exchange company London Stock Exchange (LSE) to acquire data supplier Refinitiv.
The Japanese stock index Nikkei reached the highest closing stock since 1990. In dollar, after 1% profit, the stock market has not been so high.
The Dow Jones index and S&P-500 in New York are listed flat. Techindex Nasdaq is 0.6% higher. Chipmaker Intel rises here 8% after taking office of the new CEO Pat Gelsinger. Zoom and Peloton win 6.5%.
Frank Bonsee, a trader at ABN Amro, states that today, among all figures, investors keep an eye on the kick-off of the quarterly season in the US with the US big banks that open Friday. They were purchased on Wall Street Tuesday night, except for Morgan Stanley, to 2% profit. Bonsee points to interest rate developments as a cause.
Investors continue to monitor developments in the spread of the highly contagious British variant of the coronavirus. In the Netherlands, the lockdown was extended by three weeks until 9 February.
, “Extension of lockdowns means postponement of economic growth”, says martanalist Simon Wiersma of ING.
, The spread of the virus, in the United Kingdom but also in Germany, has become a greater risk. The valley from which we climb as an economy has proved to be deeper than we thought in recent weeks,” concludes strategist Corné van Zeijl of Actiam Vermogensbeheer.
In addition, the turmoil in Italy, where a recovery plan by Prime Minister Giuseppe Conte leads to a political crisis. The spreads between the remuneration for Italian bonds and the German bund considered safe are up.
Van Zeijl: “Despite setbacks, the enthusiasm among investors is so great in the market. The most traded share of the NYSE index is NIO (young producer electric cars, red.). Signals like that say that the madness on the stock markets has struck.”
Brent oil dropped one percent, WTI oil 0.7%. According to EIA energy agency, oil stocks were decreasing. Gold won a fraction at $1858
the euro dropped 0.4% to $1.2159. The euro fell to $1.21 in the first weeks of 2021, far above $1.23. But in this market, the euro continues to rise, charged to the dollar, says Ima Sammani, currency analyst at Monex Europe.
In the AEX Just Eat Takeaway is 4.1%. The meal ordering company saw the number of orders rising sharply to 179.8 million last quarter due to sharpened lockdowns. More was expected for the operating results of Degroof Petercam and ING analysts.
Biotech fund Galapagos has to give up 1.3% after the revival Tuesday.
Banks are further under pressure with losses of 1.8% and 2.2% respectively for ING – the most traded sharewith 20 million units – and ABN. Unibail-Rodamco-Westfield real estate fund loses 2.6%.
ASMI, which Paul Verhagen receives from Midkapper Fugro (-4%) as cfo, plus 0.5%. According to ING, Verhagen‘s departure is a bloodletting.
AEX heavyweight ASML pushed the market up with 0.8% price gain. Businessbank UBS screwed up the price target, from €395 to €430, with a ‘neutral‘ advice at the moment. Last week UBS has already been advised because of the increase in the number of planned EUV systems, which build up chips in extreme ultraviolet light in layers.
Shell lost 0.8%. Bernstein sees that the group will benefit from rising prices in the future. The oil and gas group is cutting 900 jobs in the Netherlands, as part of the previously announced major reorganisation.
Ahold Delhaize gets 1.9% in it. According to Bloomberg news agency, the Canadian retail group Couche-Tard (-9,1%), owner of the Circle K chain, is considering taking over the French supermarket group Carrefour (+13.5%).
Telecomconcern KPN holds 0.4% left. Sector colleague Telefónica sells its network unit Telxius to American Tower for €7.7 billion.
With the medium-sized funds, Signify joins the closing bell with a profit of 4.7%. Degroof Petercam increased his advice for the lighting company by €4 on a holding advice. The company is going to pay off debts and pay an additional dividend, now it is clear thatcontraction in 2020 was slightly less strong than was feared.
PostNL closes 0.5% higher after ING’s target increase.
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