The Amsterdam exchange stands for the second consecutive day on a nice win. Especially Just Eat Takeaway and PostNL are in the liking of investors. They also respond calmly to the ECB‘s interest rate decision.
Around 3:45 p.m., the AEX index is 0.8% higher at 664.3 points. At the beginning of the afternoon, the stock market gauge reached the highest level since the end of 2000 at a booth of 666.66 points, and the AEX begins to see the record of 703 points from September 2000. The AMX moves 0.5% forward to 983.6 points. The exchange signs in London (+0.1%) and Frankfurt (+0.2%) also turn green, while Paris falls 0.2%.
“ The atmosphere is well in most exchanges,” says wealth strategist Richard Abma (OHV). According to him, the British variant of the coronavirus is an uncertain factor in the short term. But he emphasises that stock exchange prices can go further up, as the new President Joe Biden is going to boost the American economy sharply, the global economy will reopen this year and corporate profits will be normalized. “Shares are still not expensive,” says Abma.
On Wall Street, the Dow Jones index opened 0.2% higher this afternoon. Techbeurs Nasdaq came with a profit of 0.4% from the starting blocks. Wall Street tightened records on Wednesday night when the new President Biden took office. The good start of the American grading season also contributed greatly to the enthusiasm among investors in the US. Especially streaming service Netflix got wings.
The ECB today left the interest rate unchanged at the first policy meeting of the year. The central bank is ready to intervene if necessary. The interest rate decision in December extended the bond buy-back programme. Central Bank boss Christine Lagarde considered it necessary to further support the eurozone economy in connection with the new lockdowns in many countries.
Takeaway at the head, Unibail at the bottom
In the AEX Just Eat Takeaway is the leader with a plus of 4.4%. The meal delivery company is expected to benefit from the stricter corona measures. Last week, Just Eat Takeaway’s course was still under pressure due to concerns about the growing competition.
Galapagos is continuing the recent revival after a boost from the United Kingdom. The British drug watchdog has recommended the Galapagos drug filgotinib for the treatment of adults with rheumatism. The price of the biotech group is up 3.9%.
The chip funds also show a cheerful image. ASML, which was already 3% on Wednesday due to well-received quarterly results, receives a further 3.5%. ASMI makes a profit of 3.4%.
Unibail retail property fund (-5.5%) is the largest fall in the main funds. The stock market heavyweights Prosus (-0.7%) and Royal Dutch Shell (-0.7%) are also lower.
In the AMX PostNL excels with a price jump of 5%. The postal and parcel company delivered a record number of 337 million parcels last year and is counting on significant earnings growth.
Real estate fund Eurocommercial (-4%) is the largest loser among medium-sized funds. Air France KLM goes down 3.9%. The aviation group is suffering greatly from the tightened corona measures. At KLM, 800 to 1000 jobs disappear, on top of the 5000 jobs already announced.