Arcelor at the forefront of AEX recovery | Financial

The AEX, which lost 2% on Thursday, was 1.2% higher at 567.3 points at a quarter to three. The AMX went up 0.9% to 845.8 points.

Elsewhere in Europe, the stock markets also showed a good recovery. The UK FTSE, German DAX and French CAC 40 climbed 1.4%, 1% and 1.6% respectively.

Index futures pointed to a 0.3% to 0.6% higher opening of the US stock markets at 3:30 pm, after losses were limited to 0.1% -0.5% on Thursday.

Analyst Corné van Zeijl (Actiam) points out that the chance is ‘reasonably gone’ that the Republicans and Democrats will reach an agreement on a new support package before the presidential elections. “That will probably only come after January 20, assuming Trump loses. Biden as president is on balance positive. In contrast to higher taxes, there is more peace and certainty about policy. ”

Well-received results from the German car corner with Daimler and from French luxury group LVMH helped to dispel Thursday’s gloom.

Investors remained cautious due to the revival of the corona virus in many European countries and the stricter measures to contain the virus.

Major damage to Galapagos

Steel giant went into the AEX ArcelorMittal in the lead with a plus of 4.1% after news of a possible consolidation in the sector. The steel branch of the German ThyssenKrupp would be in the spotlight at Liberty Steel.

Just Eat Takeaway traveled another 3.5% higher. British bank HSBC ramped up the recommendation for the meal delivery company, which is benefiting from the new lockdowns.

Informatieleverancier Relx rose 2.6%. Industry colleague Wolters Kluwer won 1.6%. In an interview with the Financial Telegraph, top woman late Nancy McKinstry is positive about the course of events.

Galapagos fell 6.2% after a new setback at the biotech fund in an investigation into one potential resource against osteoarthritis.

Unibail-RodamcThe-Westfield fell 3.5%. The property fund emphasized that it would continue to steer its own course despite the opposition of major shareholders to the planned share issue. Van Zeijl points out that hedging short positions (speculating on a fall in prices) reinforced the price increase on Thursday (14%). “The market appears to have a lot of confidence in the old CEO. However, his plan to sell many billions of dollars in real estate, especially in the US, is difficult to implement given the difficult market conditions. ”

New tap Fugro

In the Midkap lighting company Signify to the list of winners with an increase of 3.6%. Steel producer Aperam (+ 3.1%) also benefited from takeover news in the sector.

Air France KLM climbed 0.4%, despite a sales advice and price target reduction to € 2.10 by Deutsche Bank.

BAM rose 0.3% after falling in the morning to a historic low of € 1.02. Daam-Martijn van Holst, trader at ABN Amro, emphasizes that the continuing sales pressure is being fueled by the fear of refinancing at the construction company.

Fugro plunged another 2.2%. The soil researcher plummeted on Thursday after confirming that talks are being held with investors about a possible share issue. “It is annoying that these had been leaked, but it had been clear for a long time that Fugro must issue bonds and / or shares in order to get into financially calmer waters,” says Van Zeijl.

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