AEX closes above 728 points despite inflation concerns | Financial

door Theo Besteman

After closing, the AEX index is 0.7% higher at 728.59 points. The Midkap still loses 0.1% at 1043.26 points, after having previously suffered a larger loss.

The German DAX gains 0.2% in Paris closes the CAC 40 0.1% higher, in London the FTSE gains 0.4%.

De Japanse Nikkei zat firmly in the elevator and finished 3.1% in the plus.

Today, all eyes are on Fed President Jerome Powell’s speech to Congress. He is accountable for policy during the pandemic. Last week, he caused some concern among investors by hinting at future interest rate moves.

Rein Schutte, investment advisor at Noesis Capital Management, doesn’t expect Powell’s words to have much of an impact on stock markets. “His views on inflation and monetary policy are well known.”

After last Friday’s turbulence, Schutte expects investors to keep a close eye on the US labor market and inflation figures in the coming weeks. Schutte: „In the run-up to the start of the new earnings season and with the end of the second quarter in sight, this is where the focus will be in particular. It is also a matter of looking at the development of interest rates.”

In New York, exchanges trade with slight gains, technology stocks make the most gains here. The interest rate for a 10-year government bond fell to 1.484% here. The same compensation for the German bund variant rose to -0.160%.

Unibail leads

Close in the AEX RD Shell trading day ahead of 2%, helped by improving oil prices. Brent oil touched nearly $75 a barrel.

real estate fund Unibail-Rodamco-Westfield strengthens the lead with a gain of 2%. Payment Processor Adyen wins 1.7%, the chemical distributor IMCD plus 1.8% at the closing bell.

On the other hand, it falls Prosus (-3.2%) fell sharply in response to the weakening at the Chinese tech giant Tencent, in which the tech investor has a large stake. Just Eat Takeaway is also coming under pressure and faces a loss of 1.7%.

Insurers Aegon on ASR fall 1.9% and 0.6% respectively.

Grandvision goes down

hairdresser GrandVision closed 7.7% lower and is well below the bid of €28 per share that EssilorLuxottica has already made. The owner of eyewear brand Ray-Ban won an arbitration case about alleged abuses by the Dutch eyewear chain. As a result, EssilorLuxottica may waive the acquisition, the Swiss arbitration tribunal ruled. investor Thing that would repurchase its 75% stake in Grandvision, will lose 4.6%.

Corné van Zeijl, analyst at Actiam, emphasizes that this is a surprising turn of events. He points out that Hal can also choose to cancel the deal because the profit prospects for GrandVision have improved considerably. According to Schutte, it is exciting to see whether both parties will still come out in the ongoing takeover soap.

Alfen, the producer of charging stations, did well at the top with 4.1% price gain.

Vopak takes 0.8%. The tank storage company has been awarded a contract by Huizhou QuanMei Petrochemical Terminal for a new liquid products terminal in China.

Air France-KLM falls 0.8%. During a conference in Paris, CEO Ben Smith of the aviation combination expressed the expectation that he will be able to conclude a new deal with the Netherlands on corona support this summer.

Ajax drops 4%. The Amsterdammers do a bid for Feyenoord player Steven Berghuis.

Crystal Peak Acquisition announced that it would be listed on the Amsterdam stock exchange on Tuesday. British entrepreneur Michael Tobin’s company claims to have raised $150 million from investors.

The listing of the world’s largest record label on the Amsterdam stock exchange is also approaching. Shareholders of the French media group Vivendi have agreed to a spin-off and IPO for Universal Music Group (UMG). The label behind stars such as Taylor Swift, Billie Eilish and Lady Gaga is estimated to be worth tens of billions of euros.

In the plan, which has been approved by just under 100% of the shareholders, Vivendi wants to distribute 60% of all shares in UMG among its own shareholders. That stake would be worth nearly $20 billion. Vivendi shareholders can then trade those shares on the Amsterdam stock exchange.

The Dutch financial regulators also have to give permission for the IPO, which is scheduled for September.

Would you like to know how the stock market climate will develop in the second half of the year? Then follow the free online seminar on Thursday Click here to sign up.

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