AEX for profit driven by share price Arcelor | Financial

The AEX index was 1.2% higher at 547.2 points around 9:45 am. The AMX was then 1.2% in the plus at 794.8 points. In the Netherlands, producer confidence increased further in September, for the fifth month in a row.

For the catering industry and other service providers in particular, new restrictions may arise: the advice of the Outbreak Management Team to the cabinet is a duty to mask crowded public places now that the number of corona infections has risen. Restrictions have been increased in more European countries.

The British FTSE 100 index rose 1.5%, the German DAX with 2% share Deutsche Bank strengthened 3.6%, and the French CAC-40 became 1.5% more expensive.

The Brexit talks will continue on Monday. With Downing Street looking to scrap 10 parts of the deal, tough negotiations are expected.

In Asia, the Japanese Nikkei left the trade with a profit of over 1.3%. The Hangseng headed with 1% gain, but Shanghai kept a fraction of the loss.

Futures for the New York stock markets, which closed with solid gains on Friday, pointed to a higher opening of around 0.7%. Investors are on the eve of the first round of the US presidential election.

The euro remained flat at $ 1.16275. Brent oil fell 0.8% in value to $ 41.60 a barrel.

Steel is on the rise

The largest steelmaker ArcelorMittal won 8% and led the AEX. It sold the ArcelorMittal USA business to US steelmaker Cleveland-Cliffs for $ 1.4 billion. In conjunction with the sale, ArcelorMittal is initiating a $ 500 million share buyback program.

Biotech company Galapagos (+ 4.1%) also received the green light from the European Commission for its filgotinib, shortly after Japan’s marketing authorization for filgotinib.

Financial institutions also retained a profit. ING increased by 3.5%, NN Group thickness by 3.4%, ABN Amro by 3.3% and ASR won 2,5%.

Real estate fund Unibail-Rodamco-Westfield rose by another 3.9%.

Swing weight Shell became 1.7% more expensive.

At the Amsterdam main funds ASML after an initial loss (+ 0.3%) on the new trade restriction that Washington imposed on its customer, the largest Chinese chip maker SMIC. ASMI won 0,8%.

Fitness chain reported among the medium-sized funds Basic-Fit (-0.7%) to appeal the forced closure of 148 gyms in Paris, Bordeaux and Marseille.

Real estate fund Eurocommercial Properties led the index by 4%.

Kiadis Pharma (+ 1.8%) entered into a partnership with the American blood bank Gulf Coast Regional Blood Center.

Oranjewoud, parent company of construction company Strukton and engineering firm Antea, reported a net loss of € 10.5 million for the first half of the year. In addition to nitrogen and PFAS problems, the corona pandemic also had “limited consequences” for Oranjewoud, the company said. The course hardly moved.

The manufacturer of aluminum ladders gave ‘Corona handymen’ Alumexx 40% increase in turnover to € 1.6 million. Alumexx grew particularly fast in the Netherlands: + 62%. The share rose 2.5%.

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