The AEX kept the wind behind lunch, supported by the improved state of affairs at RD Shell. KPN could also count on considerable buyer interest. In the Midkap Boskalis excelled.
The AEX was 0.7% higher at 557.02 points around a quarter past twelve. The AMX rose 0.8% to 826.19 points.
Elsewhere in Europe, the vote was also positive. The British FTSE 100, the German DAX and the French CAC 40 won up to 1%
Index futures indicated a 0.5% to 0.8% higher opening of US stock exchanges, after losses from 0.5% to 2.2% on Friday.
After American President Trump was hospitalized at the end of last week after being infected by the coronavirus, he seems to recover quickly. On Sunday, the president showed himself in public for a while. However, it remains uncertain whether he has already recovered a large part. According to Rein Schutte, investment advisor at Noesis Capital Management, it is to see what the impact will be on the US presidential elections in early November. “On the one hand, the White House has not adhered to the rules of coronation. On the other hand, have seen a Trump show this whole weekend.”
Coronary support US uncertain factor
Signals that Republicans and Democrats have made progress on a new support package, supported the rates. Schutte emphasises that the outcome of the negotiations between US investors on new corona aid continues to concern “It remains unclear whether both sides are going to get out of concluding a deal.”
After the beautiful revival in the past week, Schutte is holding a blow over the upcoming stock market climate. “The 550 point limit continues to pull the AEX like a magnet in the past months. This week, in particular, the minutes of the Fed and the ECB will be in the spotlight. Furthermore, Brexit continues to occupy the minds and whether or not to continue new corona support USA is important for the vote.”
Main role KPN
In the Dutch main funds KPN took the lead with a profit of 3%, following a positive analyst report by the German bank Berenberg.
Shell also did good business and won 1.8%, aided by the substantial recovery in oil price (Brent) to well above $40 per barrel after a strike at a Norwegian oil worker was extended. A positive report from RBC also contributed positively. The Canadian bank believes that gas revenues could be very easy in the coming quarters. At the end of last week, the energy giant ended up at the lowest level in about twenty-five years.
Steel giant ArcelorMittal picked up 1.1%. Banking Group ING was also at the forefront with a plus of 1.2%.
Unibail-Rodamco-Westfield quoted 1% higher. According to Bloomberg, the Corona plagued real estate fund would be in advanced talks about a sale of its Aupark shopping centre in the Slovak capital Bratislava for more than €450 million.
At the bottom was meal delivery company Just Eat Takeaway with a loss of 0.9%.
In the case of medium-sized funds, maritime service provider Boskalis benefited considerably from the cost of oil, with a profit of 3.5%.
Air France KLM and construction company BAM, which ended up on low records last week, were in recovery up to 2.9%.
Tank storage company Vopak rose 0.6%, in response to entering into a cooperation agreement with an Indonesian petrochemical company.
Cable and telecom group Altice Europ reached 0.2% at €4,11, close above the price that investment vehicle Next Private wishes to pay for the remaining shares by founder and large shareholder Patrick Drahi. The parties announced over the weekend that good progress was being made towards finalising the takeover in the first quarter of next year.
Fertilizer producer OCI fell 1.7%, after a price target cut to €16.30 by the UK bank HSBC. That is still more than 40% above the current stock market price.
Smallcap Lucas Bols rose 17% after the beverage producer was named as a takeover candidate in the TV show Business Class. At the end of last week, the beverage producer had ended up on a low record.
Ajax went down 4.4%, after the painful defeat against Groningen on Sunday.
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