Advance of ASMI and ASML drive AEX profit | Financial

The AEX is 0.7% higher at 743.8 points. On Thursday, the main index closed with 0.7% gain, in five trading days it will go to 1% gain. The AMX goes 0.6% to 1044.7 points.

Elsewhere in Europe, the German DAX is up 0.5%. The German Purchasing Managers’ Index for services rose from 57.5 to 62.2 points. This increase has not been so strong since 1997. The UK’s FTSE 100 is up 0.7% after better-than-expected retail figures in June. The French CAC 40 adds 0.6%.

Market participants polled by the ECB are on average at a 0.3% higher growth figure for the third quarter, Frankfurt reported after a poll.

In Asia, stock markets are mainly storage Closed. The Nikkei was closed. The Chinese central bank injected another $1.6 billion in liquidity into the market.

The increasing number of Asian victims of the corona virus is depressing the chance for economic growth, brokers in the region report about the vote.

New York wins

In New York, the futures of the major exchanges before opening at 3:30 p.m. are 0.1% to 0.3% higher. On the agenda are the preliminary purchasing managers indices with figures for July.

Stock markets closed here on Thursday evening higher, despite disappointing unemployment claims. Tech stocks were in the crosshairs here. Salesforce won 2.5%. Figures from chipmaker Intel disappointed investors.

The interest rate for the 10-year German government bond is the ECB interest rate decision from Thursday 2 basis points higher at -0.408%. The euro is trading a fraction higher at $1.17741.

“At the moment there are few reasons why the euro should become much stronger,” said ING market analyst Simon Wiersma. Bitcoin is up 0.8% and is above USD 32,500.

In Italy, the state of emergency was extended until the end of this year due to the high number of corona infections. The yield of 0.643% has decreased slightly.

Signify goes down

With the main funds, the LED producer Signify 8% in the red on its quarterly results. According to ING analyst Marc Hesselink, the group’s turnover growth and operating result were slightly below expectations.

The former Signify parent company Philips follows at the bottom of the AEX with a 0.7% decline. The US regulator FDA assessed a recall by Philips in June of respirators and ventilators as serious. It is unclear what the consequence will be. According to this medical watchdog, 83 complaints have been registered. No injuries or deaths have been reported.

Tech Investment Fund Prosus is sold at a loss of 0.7%.

Raw materials also receive support. Steel maker is among the winners ArcelorMittal with 1.8% gain at the top, semiconductor ASMI above that, as the leader, notes a profit of 2.4%. Chip machine maker ASML becomes 1.6% more expensive, chip supplier Iron wins 1.8%.

Shell is 1.3% in the green on a flat Brent price at $74 per barrel of oil.

retail property fund Unibail-Rodamco-Westfield follows thanks to 1.6% price gain.

Gym chain is rising in the Midkap Basic-Fit thanks to 3.3% price gain the most. Nevertheless, turnover fell in six months from €182.5 million to €53 million. But for ING analyst Zwartsenburg that is better than calculated in advance, and the loss was not too bad. According to ING, a new covenant with the banks offers a good safety net.

Liquiditeitsverstrekker Flow Traders outperform other funds with a 4.4% loss.

Air France KLM gains 0.9%. De Telegraaf notes that more and more airline companies are continuing flights despite corona.

Accell appreciated

Nuts and seeds trader profits in small caps acomo from strong sales figures who reported it Thursday after trading.

bicycle giant Accell rises 2.5% on well-received three-month figures and preview.

Builder BAM won 1.5%. It will build an apartment and hotel complex in Dublin for €100 million. The project should be completed in 2023.

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