AEX continues to rise after gains from US | Financial

The AEX, which lost 2% on Thursday, was 1.6% higher at 569.3 points at a quarter past four. The AMX went up 0.9% to 845.7 points.

Elsewhere in Europe, the stock markets also showed a good recovery. The UK FTSE, German DAX and French CAC 40 climbed 1.5%, 1.3% and 1.7% respectively.

After 45 minutes of trading, the Dow Jones index and the Nasdaq index were 0.8% and 0.7% higher.

The already good sentiment during the trading day was further boosted by better-than-expected data on retail sales and consumer confidence in the US. Analyst Corné van Zeijl (Actiam) emphasizes the importance of this, because 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. ”

Head of fixed-income securities Hendrik Tuch of Aegon AM is less positive about Biden. “The US stock market has been spoiled by Trump and the Republican Party in recent years with tax cuts and the scrapping of regulations. A win from Biden could end the set of new stock market records. While it is positive that he will introduce an additional tax support package as soon as possible, his targeted increases in tax rates and the minimum wage will weigh on corporate profits. The introduction of new and especially green regulations will, for example, strongly affect the oil and gas industry, but could ultimately be beneficial for the economy. The fact that the market has so far responded positively to the good polls for Biden, mainly because the chance of a contested election result is decreasing. ”

Investors also put aside concerns on Friday about the resurgence of the corona virus in many European countries and the stricter measures to contain the virus.

Major damage to Galapagos

In the AEX went Just Eat Takeaway with a profit of 4.3% in the lead. British bank HSBC raised its recommendation to buy for the meal delivery company, which is benefiting from the new lockdowns.

Steel giant ArcelorMittal climbed 3.7% after news of a possible consolidation in the sector. The steel branch of the German ThyssenKrupp would be in the spotlight at Liberty Steel.

Informatieleverancier Relx rose 3.6%. Industry colleague Wolters Kluwer won 1.9%. In an interview with the Financial Telegraph, top woman late Nancy McKinstry is positive about the course of events.

Galapagos fell 5.6% after a new setback at the biotech fund in a study into one potential resource against osteoarthritis.

Unibail-RodamcThe-Westfield fell 2.5%. The real estate fund emphasized that it would continue to steer its own course despite the opposition of major shareholders against 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. ”

KPN yielded 1%. T-Mobile Netherlands buys Easy and thus strengthens its position in relation to the market leader.

New tap Fugro

In the Midkap lighting company Signify to the list of winners with a progress of 3.8%. Steel producer Aperam (+ 2.5%) also benefited from takeover news in the sector.

BAM rose 0.6% 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.

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

Fugro plunged another 4%. 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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